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" Worth of a debt, payable at a future time without interest, is such a sum as, being put at legal interest, will amount to the given debt when it becomes due. "
Mathematical Formulae: For the Use of Candidates Preparing for the Army ... - Σελίδα 10
των R. M. Milburn - 1880 - 100 σελίδες
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The New Theoretical and Practical Complete Book-keeping by Double and Single ...

Louis Lafayette Williams, Fernando E. Rogers - 1890 - 250 σελίδες
...generally show ? INTEREST AND DISCOUNT. "Interest is the compensation allowed for the use of money. " Discount is the allowance made for the payment of a debt before it is due. BULK 'Debit Interest and Discount when allowed to ithers. "" 'Credit Interest and Discount when allowed...

Essentials of Book-keeping for Public Schools: Single and Double Entry ...

C. W. Childs - 1888 - 158 σελίδες
...others. | Credit when allowed to us. Interest is the compensation allowed for the use of money; and discount is the allowance made for the payment of a debt before it is due. "When we allow or pay for the use of money, we debit Interest for the use of the money which we receive,...

Robinson's New Practical Arithmetic for Common Schools and Academies

Horatio Nelson Robinson - 1892 - 416 σελίδες
...interest at 5% ? Ans. 7 years. FRAC. AR. — 19 TRUE DISCOUNT. 320. True Discount is an abatement or allowance made for the payment of a debt before it is due. 321. The Present Worth of a debt, payable at a future time without interest, is such a sum as, being...

Robinson's New Practical Arithmetic for Common Schools and Academies

Horatio Nelson Robinson - 1892 - 416 σελίδες
...$122.13, compound interest at 5%? Ans. 7 years. TRUE DISCOUNT. 320. True Discount is an abatement or allowance made for the payment of a debt before it is due. 321. The Present Worth of a debt, payable at a future time without interest, is such a sum as, being...

New Common School Question Book: Comprising Questions and Answers on All ...

Asa Hollister Craig - 1897 - 524 σελίδες
...the given interest by the interest on $1 for the given time at the given rate. 138. Discount is an allowance made for the payment of a debt before it is due. The present worth of a debt is such a Bum which, being put at legal interest, would amount to the debt...

Commercial Arithmetic

Oscar F. Williams - 1894 - 307 σελίδες
...purchase was sold at a profit of 20$, how much was received per head for each kind ? TRADE DISCOUNT. 570. Discount is the allowance made for the payment of a debt before it becomes dne. 571. Trade Discount is the allowance made by manufacturers and- merchants upon their fixed...

New Essentials of Bookkeeping for Public Schools Single and Double Entry ...

C. W. Childs - 1895 - 158 σελίδες
...others. | Credit when allowed to us. Interest is the compensation allowed for the use of money; and discount is the allowance made for the payment of a debt before it is due. "When we allow or pay for the use of money, we debit Interest for the use of the money which we receive,...

Robinson's New Higher Arithmetic: For High Schools, Academies, and ...

Horatio Nelson Robinson - 1895 - 506 σελίδες
...OT.76 Amount due Jan. 10. 1S95 $1214.25 An». TRUE DISCOUNT. 655. True Discount is an abatement or allowance made for the payment of a debt before it is due. 656. The Present Worth of a debt, payable at a future time without interest, is such a sum as, being...

The New Theoretical and Practical Complete Book-keeping: By Double and ...

Louis Lafayette Williams - 1898 - 246 σελίδες
...generally show ? INTEREST AND DISCOUNT. "Interest is the compensation allowed for the use of money. *8 Discount is the allowance made for the payment of a debt before it is due. . RULE. * *~ Debit Interest and Discount wnen _, . . N /<*""* *~ •'" ••*•*• i nen allowed...

Bookkeeping and Business Practice

Wallace Hugh Whigam, Oliver Detwiler Frederick - 1910 - 142 σελίδες
...the taking of interest was forbidden by law and those doing so were called usurers. Discount is an allowance made for the payment of a debt before it is due. /f tfazy / / SL5O& III '7~ !„ /f j> * ^/ */LESSON XIII CLASSIFICATION OF BOOKS OF RECORD Introduction....




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