Can you tell me the statement is correct or not?:Discounts are captured as a negative number representing amount to be saved

Question

Can you tell me the statement is correct or not?:Discounts are captured as a negative number representing amount to be saved
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Solution 1

Yes, the statement is correct.

In accounting and finance, discounts are often represented as negative numbers. This is because they reduce the amount of money that a customer needs to pay, or the amount of revenue that a business receives.

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Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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