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Identify and State the Historical Significance of the Following

question 90

Short Answer

Identify and state the historical significance of the following:
-William and Mary


Definitions:

Net Method

An accounting method where sales and purchases are recorded at their net amounts after deducting any discounts, rather than recording the gross amount and then the discount separately.

Invoice Price

The original price listed by the manufacturer or a supplier on the invoice, before any discounts.

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