Examlex
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Discount
A reduction applied to the normal selling price of goods or services, typically for the purpose of enticing customers or accelerating sales.
Journal Entry
A record in accounting that represents a transaction or adjustment affecting at least two accounts, which is necessary to keep the financial statements accurate.
Effective-Interest Method
An accounting technique used to amortize the discount or premium on bonds payable or receivable over the life of the bond, reflecting the bond's yield.
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