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Formula sheet
Every formula in Trade Payables, in one place. Print it and keep it beside you while you practise.
12.2 Trade and Cash Discounts — a Refresher
Invoice price
Invoice price = List price − Trade discount
Cash discount
Cash discount = Cash discount % × Amount owed
12.4 Interpreting the Trade Payable Ledger Account
Cash discount rate
Cash discount rate = (Discount ÷ Amount settled) × 100%