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Why are the computer ethics issues of privacy,security,and property ownership of interest to accountants?
Remittance
Amount that a buyer actually pays after deducting a cash discount.
Discount Period
A certain number of days after the invoice date, during which a buyer may receive a cash discount. The time between a note’s discount date and its maturity date.
Trade Discount
A reduction in price given by a seller to a buyer, usually based on the quantity purchased or agreed upon terms, not reflected in the invoice amount.
Net Price
The actual price paid for a product or service after deducting any discounts, rebates, or allowances.
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