Page 67 - F3 -FA Integrated Workbook STUDENT 2018-19

Chapter 5

Returns, discounts and sales tax

Outcome

By the end of this session you should be able to:

 understand and record sales and purchase returns

 understand how trade and settlement discounts are dealt with

 understand how to record sales tax on transactions

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Notes can be found in
Chapter 5 of your Study Text

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