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单词 gross recording method
释义

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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更新时间:2025/1/22 19:34:44