Seller disallows discount deduction

discount deduction | discount expenses | discount allowanceDear Sirs

We thank you for your letter of yesterday and your cheque for £292.50, which you sent in full settlement of our May statement.

We regret that we cannot accept this payment as a full discharge of the £300 due on our statement. The terms of payment allow the 2,5% cash discount only on accounts paid within ten days of statement, whereas your present payment is re than a nth overdue.

The balance still owing is £7.50 and to save you the
trouble of making a separate payment we are agreeable to your including this amount in your next payment and will prepare our July statement accordingly.

Yours faithfully

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