Most firms attempt to pay their accounts payable within the discount period to take advantage of the

Question:

Most firms attempt to pay their within the discount period to take advantage of the discount. Why is that normally a sound financial move?

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...