abedin

 Profile Answers by abedin 

• Nov 18th, 2005

 

Discount : attached to price.

Adjustments : At the time of transactions can give additional discount through adjustments.

Note: If i m wrong pls correct.

reddy

• Feb 2nd, 2006

 

hi

if the amt is paid by a customer to supplier after receiving the goods..then after surprisingly discount is given by SUPPLIER or VENDOR ...the amt is adjusted in the nxt invoice

reddy

Guest

• Jan 9th, 2007

 

a adjustment is some thing that is written off on a invoice.eg a customer short pays a 100$ invoice by 5 $ you write off this 5$ this is an adjustment.

while a discount is something a customer gets from our side. eg if the customer has net 30 5% discount in his payment term this means if he pays within 30 days he gets a discount of 5% so for the above eg the customer pays 95$ within 30 and oracle gives him a discount of 5$ automatically

from accounting perspective the 5$ of the adj will go to the account of the receivable activity