ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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CASH DISCOUNT Definition
CASH DISCOUNT is a refund of some fraction of the amount paid because the purchase price is paid by the buyer in cash, as opposed to making the purchase on credit or, sometimes, credit card or check.
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BILL IN PLACE see SHIP IN PLACE.
RECEIPT is a written acknowledgment that a specified article, sum of money, or shipment of merchandise has been received.