Earned and Unearned Discount in Receivables
Lets understand this in easy words
1. Earned Discount - Given to the customer if the payment is received before the payment term expiry. It is given according to the setup done.
2. Unearned Discount - Given to the customer after the payment terms expiry and if the discount is to be given intentionally over and above the invoice amount.
No comments:
Post a Comment