Question: please explain: How to record a payment received for a sale on credit with discount terms? How and when cost of goods sold is used

please explain:

How to record a payment received for a sale on credit with discount terms?

How and when cost of goods sold is used and calculated in both perpetual and periodic inventory system?

What represents net sales?

How to calculate days in inventory?

How to determine cash balance per books?

What are internal controls and what purpose they have?

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