Sales Discounts are often offered to customers who pay their invoices early. In this video you will learn what these discounts are, how they are calculated and how to record them in your accounting system.
This video was created in relation to the Utah State CTE standards for the Accounting II High School course. Specifically, this video prepares students to complete Strand 3, Standard 2: Describe the process for journalizing and posting transactions related to sales and cash receipts.
