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sofa and table (fixtures and fittings)

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Receipt

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Invoice

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Trade discount - Encourage bulk purchase,

Encourage customer loyalty

Cash discount - encourage early repayment, reduction off listed price

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Objective theory

This principle emphasizes that accounting records should be based on objective and verifiable evidence, such as invoices, receipts, bank statements, and contracts, rather than personal opinions or estimates.

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The business should buy shoes from a supplier that uses environmentally friendly materials and put it at a cheaper price.

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Increase Sales Revenue: This can be done by improving marketing efforts, launching new products, expanding to new markets, or offering promotions to attract more customers.Reduce Operating Costs: Cutting unnecessary expenses, improving operational efficiency, negotiating better deals with suppliers, or automating processes can help lower costs and increase profit margins.

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Increase Sales Revenue: This can be done by improving marketing efforts, launching new products, expanding to new markets, or offering promotions to attract more customers.Reduce Operating Costs: Cutting unnecessary expenses, improving operational efficiency, negotiating better deals with suppliers, or automating processes can help lower costs and increase profit margins.

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Sales return Debit 28 dollars

Cash at bank credit 28 dollars

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cash at bank 28 debit

sales revenue28 credit