Goyo
  • Hola
  • Family
  • Biz
  • Leadership
  • Profile

Gross Method and Net Method In The Same Page

5/19/2018

0 Comments

 
Expanding on Previous Posts: 
Gross Method
Net Method

Gross Method: 
  • Dr. AR
  • Cr. Sales Revenue
Then:
  • Dr. Cash
  • Dr. Sales Discount
  • Cr. AR

Net Method: 
  • Dr. AR (Net of Discount)
  • Cr. Sales Revenue
Then:
  • Dr. Cash
  • Cr. AR
Then (if they forfeited a sales discount): 
  • Dr. Cash
  • Cr. AR
  • Cr. Sales Discount Forfeited
0 Comments



Leave a Reply.

    Archives

    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    March 2017
    February 2017
    January 2017
    December 2016

    Categories

    All

    RSS Feed

Proudly powered by Weebly
  • Hola
  • Family
  • Biz
  • Leadership
  • Profile