Forum

• # 54953
• Fri 04 Mar 2011 02:55 PM

Hello,
I'm doing a home learning book keeping course and am confused by the term 'cash discount'. It implies that the discount can only be taken if you are paying in cash but in the examples in the course notes the cash discount is often taken when paying by cheque. Am I just mis-understanding the term?

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• # 54960
• Fri 04 Mar 2011 04:20 PM

Hi I am astudent also. so far I understand cash discount is for prompt payment. I dont thing so is matter if paid by cash or cheque

• Mohammad Rafiqul Haque
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• # 54962
• Fri 04 Mar 2011 04:33 PM

M Haque said:

“Hi I am astudent also. so far I understand cash discount is for prompt payment. I dont thing so is matter if paid by cash or cheque”

• Mohammad Rafiqul Haque
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• # 54963
• Fri 04 Mar 2011 05:33 PM

Thanks for that. It makes sense that it's for prompt payment, however you are paying.

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