A Cash Discount Is a Reduction from the Gross Amount

question 41

True/False

A cash discount is a reduction from the gross amount of the invoice if payment is made within the discount period.

---

Definitions:

Digital Rights Management

A set of access control technologies used to protect copyrighted works and manage the rights to use digital content.

Copyright

A legal right granted to the creator of original work, offering exclusive publication, distribution, and usage rights.

Intellectual Property

Legal rights that result from intellectual activity in the industrial, scientific, literary, and artistic fields.

Shareware

Software distributed on a trial basis with the understanding that if continued use is desired, a fee is expected.