Open AccessHighlighting Price Reductions in Customer Accounting
Author(s) -
Florin Ioan Scortescu
Publication year - 2021
Publication title -
anuarul universităţii "petre andrei" din iaşi. fascicula drept, ştiinţe economice, ştiinţe politice
Language(s) - English
Resource type - Journals
eISSN - 2601-7008
pISSN - 2248-1079
DOI - 10.18662/upalaw/80
Subject(s) - invoice , debt , business , accounts receivable , bad debt , accounting , commerce , net income , finance
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.