a) Explain the meaning of the following terms as used in business documents:
i) Trade discount
ii) Cash discount
iii) E. & O.E.
iv) Carriage forward (8 marks)
b) State FOUR pieces of information that must appear on a credit note and explain why a credit note is issued. (7 marks)
c) Why is it important for businesses to keep proper business documents? Give THREE reasons. (5 marks)

Question

a) Explain the meaning of the following terms as used in business documents:
   i) Trade discount
   ii) Cash discount
   iii) E. & O.E.
   iv) Carriage forward (8 marks)
b) State FOUR pieces of information that must appear on a credit note and explain why a credit note is issued. (7 marks)
c) Why is it important for businesses to keep proper business documents? Give THREE reasons. (5 marks)

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Answer

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Answer

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Answer

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Answer

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