Explain each of the following terms:(i) Carriage inwards(ii) Carriage outwards(iii) Discounts allowed(iv) Discounts received(v) Purchase returns(vi) Sales returnsHow should each of the above items be accounted for in a set of financial statements?
Explain each of the following terms:(i) Carriage inwards(ii) Carriage outwards(iii) Discounts allowe
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