Highlighting Price Reductions in Provider Accounting

Florin Ioan Scorţescu and Gheorghe Scorţescu
Additional contact information
Florin Ioan Scorţescu: Associate Professor Ph.D., †Petre Andrei†University of Iasi, Romania
Gheorghe Scorţescu: Professor Ph.D., †Petre Andrei†University of Iasi, 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, 2022, vol. 30, 248-270

Abstract: In the activity of companies a significant share is held by commercial activities. They give rise to expenses and revenues and have an impact on the debts to the suppliers and/or the rights over the customers. Such operations occur through the link between two firms, one called the supplier, which makes sales, and another called the customer, which makes purchases (purchases).The claim relates to a person's right to collect a sum of money resulting from the delivery of an asset or to carry out a work or provide a service to a third party. In carrying out the companies' activity, situations may occur in which the supplier grants to the client, for various reasons, commercial and/or financial discounts, these having the effect of reducing the value of the initial invoice. The record of information on claims arising from the sale of goods and/or the performance of works or services shall be made using the accounts of group 41 „Customers and similar accounts†.

Keywords: receivables; discounts; trade; financial; expenses; incomes (search for similar items in EconPapers)
JEL-codes: K1 K2 K4 (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://lumenpublishing.com/journals/index.php/upa-sw/article/view/6258/4368 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lum:rev11d:v:30:y:2022:i::p:248-270

DOI: 10.18662/upalaw/105

Access Statistics for this article

More articles in 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 from Editura Lumen, Department of Economics
Bibliographic data for series maintained by Antonio Sandu ().