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Highlighting Price Reductions in Provider Accounting

Author

Listed:
  • Florin Ioan ScorÅ£escu

    (Associate Professor Ph.D., †Petre Andrei†University of Iasi, Romania)

  • Gheorghe ScorÅ£escu

    (Professor Ph.D., †Petre Andrei†University of Iasi, Romania)

Abstract

In the activity of companies a significant share is held by commercial activities. They give rise to expenses and revenues and have an impact on the debts to the suppliers and/or the rights over the customers. Such operations occur through the link between two firms, one called the supplier, which makes sales, and another called the customer, which makes purchases (purchases).The claim relates to a person's right to collect a sum of money resulting from the delivery of an asset or to carry out a work or provide a service to a third party. In carrying out the companies' activity, situations may occur in which the supplier grants to the client, for various reasons, commercial and/or financial discounts, these having the effect of reducing the value of the initial invoice. The record of information on claims arising from the sale of goods and/or the performance of works or services shall be made using the accounts of group 41 „Customers and similar accounts†.

Suggested Citation

  • Florin Ioan ScorÅ£escu & Gheorghe ScorÅ£escu, 2022. "Highlighting Price Reductions in Provider Accounting," Anuarul Universitatii „Petre Andrei” din Iasi / Year-Book „Petre Andrei” University from Iasi, Fascicula: Drept, Stiinte Economice, Stiinte Politice / Fascicle: Law, Economic Sciences, Political Scien, Editura Lumen, Department of Economics, vol. 30, pages 248-270, December.
    • Handle: RePEc:lum:rev11d:v:30:y:2022:i::p:248-270
    DOI: https://doi.org/10.18662/upalaw/105
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    More about this item

    Keywords

    receivables; discounts; trade; financial; expenses; incomes;
    All these keywords.

    JEL classification:

    • K1 - Law and Economics - - Basic Areas of Law
    • K2 - Law and Economics - - Regulation and Business Law
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior

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