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Chapter 7

The books of prime entry, discounts and

sales tax

Outcome

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

 account for sales tax and discounts

 prepare entries for the books of prime entry

 understand that the books of prime entry are not part of the double-entry
accounting system

and answer questions relating to these areas.

The underpinning detail for this chapter in your Integrated Workbook can
be found in Chapter 7 of your Study Text

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