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Accounting – round discounts up or down?

When you raise an invoice and calculate the vat you must round that vat amount down.

Does this still apply when you are calculating a trade discount?

i.e. your net total of 132.10 has a trade discount of 5%
The calculator shows the amount as being 6.605

Do I round the amount down to 6.60 using the vat principle, or round up to 6.61 as the third digit after the decimal is 5 or above?

My textbook specifies to round vat down but does not mention the procedure when doing discounts. Naturally I would either round up or down depending on that third figure being above or below 5…. I was wondering if anybody knows for sure? (This is probably quicker than calling my student support line!)

We have explicit authority to round down for tax purposes, no doubt because they want to seem generous to us over literally, pence. There is no such ruling over private business transactions, but, it will appear mealy mouthed to customers who will spot that you are rounding down, and will have a much greater detrimental psychological effect on relations, than the benefit of the minor amounts that will accrue to you in extra profit. Round up, whether giving or taking the discount.

Sisterhood of the Traveling Pants (Book 1) Sisterhood of the Traveling Pants (Book 1)
$0.01

This book is about four very different friends. One pair of magical pants. And a summer apart....
On the Run On the Run
$0.08

For eight years, single mother Grace Archer has been living a picture-perfect life raising her daughter on a horse farm in the small town of Tallanville, Alabama. Watching Frankie grow into a talented and confident young girl has made Grace as happy as any mother could hope to be. Happy enough, even, to forget the past. But the past never quite goes away. Which is why a certain charismatic ma...
Songs in Ordinary Time (Oprah's Book Club) Songs in Ordinary Time (Oprah's Book Club)
$0.01

Oprah Book Club® Selection, June 1997: A dark secret lies at the heart of Mary McGarry Morris's extraordinary novel, Songs in Ordinary Time. Rooted in the delicate web of emotions, lies, and truths that bind people together, the story takes place in the primarily Catholic town of Atkinson, Vermont, during the summer of 1960. Here Marie Fermoyle struggles to raise her three children. She...

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Based upon space availability, The Champion prints calendar announcements and items for columns, including campus news, newsmakers and others for local organizations and individuals. For a complete listing, visit www.pioneerlocal.com/mortongrove , The deadline is 14 days before the desired publication date, however there is no guarantee for publication. Send releases …

Educational Value of E-textbooks- The Usability of E-textbooks Educational Value of E-textbooks- The Usability of E-textbooks
$77.48

Given the growing popularity of electronic textbooks (e-textbooks) in academia, it is important to evaluate the educational value of such textbooks and whether users can interact with the interface. The problem identified in this book is how to effectively use e-textbooks in a four-year undergraduate business curriculum to facilitate student learning. The answers are contained in Evaluating E-textbook written by Donna N. Losciuto Lane. The answers come from surveying 166 e-textbook users and evaluating students while performing tasks within an e-textbook. The value of this book is to provide information regarding the features of e-textbooks that are considered important and not important in evaluating the educational value and the user interface usability of e-textbooks from the perspective of the users.
(Re)Visioning Composition Textbooks (Re)Visioning Composition Textbooks
$359.98

An exploration of the sometimes tenuous relationship between textbooks and the discipline of composition and rhetoric, (Re)Visioning Composition Textbooks critically scrutinizes the culture of textbooks from the vantage point of scholars and teachers. It examines a variety of textbooks including: standard rhetorics, handbooks, cross-cultural anthologies, readers, technical textbooks, and argumentation textbooks. Different perspectives are used to discuss the cultures, ideologies, traditions, and the material and political conditions that influence the writing and publishing of these works. Contributors raise challenging questions about the relationship between textbooks and the cultures which produce them, the discipline of which they are an indispensable part, and the classrooms in which they are to have their most tangible effects on teaching and learning.
The Trouble with Textbooks The Trouble with Textbooks
$26.48

Our elementary, middle, and high school teaching about Jews, Judaism, and Israel is driven by textbook misstatements about Jewish theology, social structure and the history of Israel and comprise an unsavory picture of Jews and Israel. This book will be an extremely valuable reference tool for educations and members of the public interested in religion and the Middle East.
The Trouble with Textbooks The Trouble with Textbooks
$54.98

Our elementary, middle, and high school teaching about Jews, Judaism, and Israel is driven by textbook misstatements about Jewish theology, social structure and the history of Israel and comprise an unsavory picture of Jews and Israel. This book will be an extremely valuable reference tool for educations and members of the public interested in religion and the Middle East.
The Selection Of Textbooks The Selection Of Textbooks
$26.98

This scarce antiquarian book is included in our special Legacy Reprint Series. In the interest of creating a more extensive selection of rare historical book reprints, we have chosen to reproduce this title even though it may possibly have occasional imperfections such as missing and blurred pages, missing text, poor pictures, markings, dark backgrounds and other reproduction issues beyond our control. Because this work is culturally important, we have made it available as a part of our commitment to protecting, preserving and promoting the world's literature.
Textbooks in American Society Textbooks in American Society
$9.98

Textbooks in American Society : Politics, Policy, and Pedagogy (Frontiers in Education) by Philip G. Altbach, and Gail P. Kelly, and Hugh G. Petrie Published in 1991 by State University of New York Press
Hebrew Scriptures (High School Textbooks) Hebrew Scriptures (High School Textbooks)
$10.48

Hebrew Scriptures (High School Textbooks) by Mary R. Newland Published in 1991 by Saint Mary's Press
Reading Textbooks Reading Textbooks
$8.27

This book is in Good Used condition
Reading Textbooks Reading Textbooks
$1.5

This book is in Used condition
History of the London Discount Market History of the London Discount Market
$152.48

History of the London Discount Market by W.T.C. King Edition 1 Published in 1972 by Routledge
Directory of Discount & General Merchandise Stores Directory of Discount & General Merchandise Stores
$251.48

Directory of Discount & General Merchandise Stores : 1998 (Directory of Discount & General Merchandise Stores) by Not Available (NA) Published in 1998 by Chain Store Guide
Death at a Discount Death at a Discount
$16.98

SHE SHOPPED TILL SHE DROPPED . . . DEAD.As her wealthy friends and neighbors knew, Amanda Worth wouldn't be caught dead in a discount store. But she was. Susan Henshaw found her in a dressing room with a Hermes scarf knotted murderously tight around her elegant neck.What possibly could have lured Amanda to the grand opening of the new outlet mall? Susan shops around for the answer and discovers that on the seamy side of suburbia, the seven deadly sins are alive and kicking. Greed, envy, illicit romance, financial chicanery--anything goes. For in this pristine Connecticut village, murder is suddenly the fashion. And one size fits all. . . .From the Paperback edition.
The Legend of Discount Tire, Co. The Legend of Discount Tire, Co.
$21.98

The Legend of Discount Tire, Co. by Jeffrey L. Rodengen, and Richard F. Hubbard, and Heather Deeley, and Dennis Shockley Published in 2002 by Write Stuff Syndicate
The Winter of Our Discount Tent The Winter of Our Discount Tent
$6.48

The Winter of Our Discount Tent : A Humorous Look at Flora, Fauna, and Foolishness Outdoors by Jim Mize Published in 1995 by University of South Carolina Press
Seniors' Discount Seniors' Discount
$11.98

Lynn Johnston's For Better or For Worse is the world's most popular family strip in which characters evolve through age and experience, rather than remaining frozen in time. Readers appreciate the daily doings of the Patterson family, which often mirror their own.·Senior's Discount: A For Better or For Worse Collection follows John and Elly as retirement looms, Grandpa Jim celebrates his 85th birthday and suffers a stroke, Mike and Deanna adjust to the demands of parenthood, Elizabeth accepts a teaching position that brings her back home, and April strains for more and more independence. ·Simultaneous to the publication of this collection, Johnston makes an unprecedented move within the newspaper cartooning community—developing a new format by using former plot lines as a jumping-off point for new ones. For Better or For Worse has been syndicated since 1979 and has been named Best Syndicated Comic Strip. The strip boasts a lively Web presence at www.fborfw.com
Syntax (Cambridge Textbooks in Linguistics) Syntax (Cambridge Textbooks in Linguistics)
$49.98

This is a textbook of a fundamental kind, designed to introduce students to the basic concepts of syntax. Professor Matthews does not expound the model of any one theoretical school; nor does he attempt a straightforward synthesis of already published work. He believes that students have much to gain from the descriptive traditions of individual languages as well as from theorists. His approach is therefore thematic, dealing with the nature of syntactic relations and all the main types of construction (predication, attribution, coordination etc.). There is much that is original, and every chapter manifests Professor Matthews’ characteristic good sense and scholarly discernment. Students will find this volume a challenging one, for Professor Matthews draws attention to the weakness of much current syntactic theory and, in particular, considers the problem of indeterminacy, which theorists have not been able to treat in any systematic way. However the exposition is always lucid and helpfully exemplified, mainly by English. Each chapter ends with a detailed bibliographical survey, which includes notes on terminology and other points of difficulty. Syntax clearly bridges the gap between the teaching of English grammar and that of more theoretical models. Students of English language and linguistics generally will find it a textbook of lasting value.
Dialectology (Cambridge Textbooks in Linguistics) Dialectology (Cambridge Textbooks in Linguistics)
$19.98

Dialectology is the study of language variation. Traditionally, this has largely been the province of dialect geographers, who concentrated on the speech of the linguistically conservative rural population in order to map regional differences. More recently, however, interest has shifted to urban speech, and sociolinguists have correlated linguistic variables with other variables such as age, social class, sex and ethnic background. Dialectology not only provides a thorough exposition of these two approaches - their histories, methodologies and significant results, drawn from studies of a wide range of languages - but for the first time also integrates them within a single conceptual framework as two aspects of the same discipline. The authors argue that dialectology can thus make an important contribution to general linguistic theory and in particular answer questions about variability in language, which has in the past too often been assigned peripheral or accidental status. Designed primarily as a comprehensive textbook for undergraduate courses in dialect studies, this book also points towards innovative and stimulating research areas.
Pragmatics (Cambridge Textbooks in Linguistics) Pragmatics (Cambridge Textbooks in Linguistics)
$40.98

Those aspects of language use that are crucial to an understanding of language as a system, and especially to an understanding of meaning, are the acknowledged concern of linguistic pragmatics. Yet until now much of the work in this field has not been easily accessible to the student, and was often written at an intimidating level of technicality. In this textbook, however, Dr Levinson has provided a lucid and integrative analysis of the central topics in pragmatics - deixis, implicature, presupposition, speech acts, and conversational structure. A central concern of the book is the relation between pragmatics and semantics, and Dr Levinson shows clearly how a pragmatic approach can resolve some of the problems semantics have been confronting and simplifying semantic analyses. The complexity of these issues is not disguised, but the exposition is always clear and supported by helpful exemplification. The detailed analyses of selected topics give the student a clear view of the empirical rigour demanded by the study of linguistic pragmatics, but Dr Levinson never loses sight of the rich diversity of the subject. An introduction and conclusion relate pragmatics to other fields in linguistics and other disciplines concerned with language usage - psychology, philosophy, anthropology and literature. Many students in these disciplines, as well as students of linguistics, will find this a valuable textbook.
Sociolinguistics (Cambridge Textbooks in Linguistics) Sociolinguistics (Cambridge Textbooks in Linguistics)
$101.48

This new edition of R. A. Hudson's Sociolinguistics will be welcomed by students and teachers alike. To reflect changes in the field since publication of the first edition in 1980, the author has added new sections on politeness, accommodation, and prototypes; and he has expanded discussion of sex differences in language use, and the relationship between language and thought. Ample coverage of classic topics such as varieties of language, speech as social interaction, the quantitative study of speech, and linguistic and social inequality, remains.
Tense (Cambridge Textbooks in Linguistics) Tense (Cambridge Textbooks in Linguistics)
$41.48

Bernard Comrie defines tense as the grammaticalisation of location in time. In this textbook he introduces readers to the range of variation found in tense systems across the languages of the world, bringing together a rich collection of illustrative material that student and specialist alike will find invaluable. This systematic account of the data is carefully integrated with a theoretical discussion of tense that is sensitive both to the range of tense oppositions found cross-linguistically and also to the constraints on that variation. For the most part the book is written without formalism, nor is it written within the framework of any specific current theory of linguistics. Nevertheless, as the final chapter makes clear, a formal theory of tense can build upon the insights gained here. For all readers, Dr Comrie's coherent and characteristically elegant account of this complex grammatical category will provide a solid basis for further research on tense, even in a language as thoroughly studied as English.


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