(Answered) Please tell us about purchases discounts and purchases

Accounting

Please tell us about purchases discounts and purchases returns and allowances.

Please indicate the purpose of these accounts. Do they appear on the financial statements?

Question two. Please tell us about sales discounts. Why are they necessary ? Does this discount appear on the financial statements?

Question three. How are sales to customers using credit cards recorded? Please provide reference thank you.

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Financial Accounting, Accounting

Category:- Financial Accounting
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