Highlighting Price Reductions in Customer Accounting

Florin Ioan Scortescu ()
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Florin Ioan Scortescu: Associate Professor Ph.D., †Petre Andrei†University of Iaşi, Romania

Anuarul Universitatii „Petre Andrei” din Iasi / Year-Book „Petre Andrei” University from Iasi, Fascicula: Drept, Stiinte Economice, Stiinte Politice / Fascicle: Law, Economic Sciences, Political Sciences, 2021, vol. 28, 257-275

Abstract: The commercial operations have a particularly large share in the activity of the patrimonial units. These operations generate income and expenses, affecting debts to suppliers and receivables from customers and always involve the connection between two economic agents, one called supplier, for which the operation represents a sale and another called customer, for which the same operation represents a purchase. The debts and receivables generated by the company's relations with natural and legal persons outside it, as well as with natural persons inside are mainly reflected through the 4th class "Third party accounts". In business practice, price reductions of a commercial nature (which have a direct influence on the net size of an invoice) and/or a financial one (they are also called discounts) can be encountered.

Keywords: income; expenses; debts; receivables; reductions; discounts (search for similar items in EconPapers)
JEL-codes: M0 M5 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:lum:rev11d:v:28:y:2021:i::p:257-275

DOI: 10.18662/upalaw/80

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