Question 1 Introduction
Trade discount on an invoice is a discount given to buyers who pay in advance of the due date indicated by the invoice.
A purchase order is a document sent by the seller to the buyer confirming an order received.
A delivery note is sent in advance by the seller to the buyer stating when and to what address the goods will be sent.
An invoice normally includes the following details: the name and address of the seller, the date of the sale, details of any discount, the total amount owed.
The term 'net 30 days' on an invoice means that the invoice total is the amount to be paid within 30 days of the invoice date.
Trade discount on an invoice is a discount given to buyers who pay in advance of the due date indicated by the invoice.
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