N.Y. Comp. Codes R. & Regs. tit. 10 § 441.325
Current through Register Vol. 46, No. 50, December 11, 2024
The discount allowed to a class of customers on a list price before consideration of credit terms; as a rule, invoice prices are recorded in the books of account net after the deduction of trade discounts. Trade discounts are not to be confused with cash or purchase discounts which are other operating revenues.
N.Y. Comp. Codes R. & Regs. Tit. 10 § 441.325