Sale and purchase of goods should be recorded at their list price,before any trade discount is recorded.
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Q25: When a customer returns goods,the company increases
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Q28: With the periodic inventory system,goods available for
Q29: A sale takes place when title to
Q29: When the buyer bears the transportation charge,it
Q31: If insured goods are shipped FOB destination,the
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Q35: Sales Discounts and Sales Returns and Allowances
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