Accounting 2

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The side and the book where cash sale is record

The amount record as sale=

• List price-trade discount

• Invoice price - cash discount

• Cash discount

• Total amount paid

Give two examples for debit side and two examples for credit side

The source for credit purchase

The source for information for purchase return

Give a simple comparison for subsidiary ledger and General ledger

Discounts that record in accounting and it for specified period