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9 Cards in this Set

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To encourage prompt payment, the supplier may offer this if the bill is paid within a certain number of days.
Cash Discount
A way to find the net price of a discounted item by subtracting the discount rate from 100 percent.
Complement Method
Terms of payment on an invoice from supplier which grants a cash discount if a bill is paid within a certain number of days after the end of the month when the invoice is issued.
End-of-month dating
A bill listing the quantites and costs of items purchased
Invoice
The price at which a business generally sells an item, also called the catalog price
List Price
The price actually paid for a discounted item
Net Price
Terms of payment on an invoice from a supplier which grants a cash discount if a bill is paid within a certain numbers of days
Ordinary Dating
Discount from the list price
Trade Discount
The amount of the discount of an item expressed as a percent of the list price or catalog price
Trade discount rate