What do you mean by "accounting treatment"? For instance, if someone asks me: what is...

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Accounting

What do you mean by "accounting treatment"? For instance, if someone asks me: what is the accounting treatment for price concessions? I
If a contract goes from $300 to $200 with a mutual agreement, the allocation of this new price would be considered an "accounting treatment"? Also, would you be allocating the new price or the difference between the the old price and the new price which would be in this case $200?

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