Explain the following with examples in context of financial accounting used in Sage50: (a) Accrual & Entity
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Question:
Explain the following with examples in context of financial accounting used in Sage50:
(a) Accrual & Entity concept
(b) HST
(c) Purchases & Sales invoice
(d) Trade Discount & Cash discount *
Expert Answer:
Answer rating: 100% (QA)
A Accrual Entity Concept In Accrual Basis of Accounting we have to recognize income wheth... View the full answer
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