(a) State the difference between an ordinary invoice and a proforma invoice. (b) Explain the following terms used in connection with an invoice: (i) 5% trad...

(a) State the difference between an ordinary invoice and a proforma invoice.

(b) Explain the following terms used in connection with an invoice:
(i) 5% trade discount
(ii) net 3 months
(iii) E.& O.E.
(iv) carriage forward
(v) 21 % cash discount. 
 

Answer Details

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