When discount should be recognized and recorded.  Company sold machinery for $100,000 with terms 2/10, n/30.  No discount was taken within the 10 days.  1.  is this a successful way to market and sell machinery.  2.  how is it recorded.   Is it a reduction in revenue or a cost of sale?

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is