In this written material, we have discussed the differences between trade discount and cash discount. In the accounting records of the seller the bookkeeping entry to record the cash discount would then be as follows. A cash discount is based on payment terms which vary from customer to customer. Li...

While gross income can give you a sense of how much you’re selling, net income reveals how efficiently you’re managing those earnings and expenses. Calculating your individual net income is then just a case of subtracting taxes and below-the-line deductions to reach a final figure. Properly calc...

ACCA is the internationally recognizable alternative to completing CA in India. The Chartered Accountant designation in Australia is conferred by Chartered Accountant Australia and New Zealand (CA ANZ). This qualification is renowned globally for its rigorous standards and comprehensive training. CP...

The manager may then meet with the sales and marketing team to try to figure out how to improve sales of those brands. The company might consider dropping Brand 3, the poorest performer, entirely. Understanding DIO requires context, as optimal values vary significantly by industry, business model, a...