Can you explain the difference between compounding and discounting?

Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/03/14

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by Muhammad Iqbal , Treasury/Accounting Analyst/Cost Controller , Yanbu Aramco Sinopec Refining Company Limited (YASREF)

Discounting is PV of amount to be received in Future while Compounding is The process of accumulating the time value of money forward in time.

Which of the following is not discount policy?
Top Answer: >>>>>>>>>>> (d) All of the above See More

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Do you think that sales should have the authority to give special discount?
Top Answer: <p>WHY NOT SIR,,,, DESIGN YOUR DISCOUNT POLICY & AUTHORISE YOUR SALES TEAM TO IMPLEMENT THA ... See More

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if a customer insists to get some discount above your authority. you believe its a great deal but need approval, but you cannot reach your manager
Top Answer: <h4>I WILL NOT LOOSE THE DEAL & THE CUSTOMER FOR EVER ,,,,,,,,,,,, I WILL TAKE RISK &am ... See More

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WHY trade discounts not recorded in the books of account?
Top Answer: Because trade discount is not an actual discount that granted by the seller or received by the purchaser. ... See More

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