How discount received occurs? - Answers

Discount received occurs when a buyer is granted a reduction on the price of goods or services purchased, typically as an incentive for prompt payment or bulk purchases. This reduction is usually expressed as a percentage of the total invoice amount. When the buyer pays the invoice, they deduct the discount from the total, resulting in a lower overall payment. Discounts can also be negotiated during the purchasing process based on various factors, including customer loyalty or market conditions.