gross recording method
Definition
Procedure for accounting for cash discounts on purchases in which the full invoice amount is used as the basis of a journal entry. When the discount is realized, it may be recorded either as the reduction of the originally debited amount (called non-revenue treatment), or under 'other income' (called revenue treatment).
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gross recording method is in the Accounting & Auditing subject.
gross recording method appears in the definitions of the following terms: revenue treatment and non-revenue treatment
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