Examlex
Which of the following is one of the deliverables of the activity resource estimating process?
Purchases Discount
A contra-cost account in the general ledger that records discounts offered by vendors of merchandise for prompt payment of purchases by buyers.
Merchandise
Goods brought into a store for resale to customers.
Purchase Discounts
Reductions in price given by a supplier to a buyer for early payment within a specified period.
Purchase Discounts Lost
The additional expense a company incurs when it fails to take advantage of discounts offered by suppliers for early payment.
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