Purchase discounts allowed for early payment may be treated as expense reductions or as revenue at the option of the district. Trade discounts are always netted from the purchase price before recording.
Cal. Code Regs. Tit. 2, § 1101.13
Purchase discounts allowed for early payment may be treated as expense reductions or as revenue at the option of the district. Trade discounts are always netted from the purchase price before recording.
Cal. Code Regs. Tit. 2, § 1101.13