 | Louis Lafayette Williams - 1890 - 294 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... | |
 | Charles W. Childs - 1888 - 166 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,... | |
 | Horatio Nelson Robinson - 1892 - 428 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... | |
 | Horatio Nelson Robinson - 1892 - 428 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... | |
 | Asa Hollister Craig - 1897 - 538 σελίδες
...the given interest by the interest on $1 for the given time at the given rate. 138. Discount is an allowance made for the payment of a debt before it is due. The present worth of a debt is such a Bum which, being put at legal interest, would amount to the debt... | |
 | Oscar F. Williams - 1894 - 332 σελίδες
...purchase was sold at a profit of 20$, 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... | |
 | Charles Wesley Childs - 1895 - 184 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,... | |
 | Horatio Nelson Robinson - 1895 - 526 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... | |
 | Louis Lafayette Williams - 1898 - 304 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... | |
 | Wallace Hugh Whigam, Oliver Detwiler Frederick - 1910 - 160 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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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. 
