discount received

The prize, together with any fee paid or discount received, are all considered to be "valuable consideration".

Super Discount received very favourable reviews and sold over 200,000 copies.

In the accounts system the cash and discount received from credit card sales would be debited in the cash book and credited to the sales account.

Discount received is the cash discount received by a purchaser, it is an income item for the purchaser.

Any discount allowed to a customer is entered in the discount allowed column of the cash book; and any discount received from a supplier is entered in the discount received column of the cash book (see Fig. 5.14).