Payables and Cash Management - EBS (MOSC)

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Invoices with Discount

edited Jul 2, 2013 12:19AM in Payables and Cash Management - EBS (MOSC) 2 commentsAnswered
I have an invoice and will paying within the terms that provided me a discount. If the invoice amount is $500 and discount is $50, when I pay it , will it automatically pick up $450 only?. What is the standard process including the accounting entry?
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