Examlex
A discount of 40 / 35 / 10 would be termed a net decimal equivalent.
Customer Refunds Payable
Liabilities owed to customers for products returned or services not satisfactorily rendered.
Merchandise Inventory
The total value of a retailer's goods that are available for sale to customers, including items purchased from suppliers and items ready for sale.
Sales Discount
A reduction in the price of goods or services offered to customers, usually to prompt early payment or bulk purchases.
FOB Shipping Point
A shipping term indicating that the buyer takes responsibility for loss or damage once the goods are shipped, and pays the shipping cost.
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