DISCOUNT ALLOWED Definition

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DISCOUNT ALLOWED, normally, is a reduction of the invoice amount for early payment of the invoice value.

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SALES PROCEEDS are the sum of the service units (products, services) sold by a corporation within a particular period. The sales proceeds are calculated from the quantities sold (pcs, kg, hrs) multiplied by the sales price per unit within a particular period.

FOREIGN is of concern to, or concerning the affairs of, other nations (other than your own) (Example: Foreign trade or companies).

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