Describe about net sales, Accounting Basics

Assignment Help:

Q. Describe about Net sales?

Sales -- amounts received or due for services or goods sold to customers. Gross sales aretotal sales before any returns or adjustments. Net sales are after accounting for returns andadjustments.


Related Discussions:- Describe about net sales

If on the opening day of business, If on the opening day of business, you p...

If on the opening day of business, you put in supplies worth $250 and $3000 cash, would that be considered a transaction OR would it be considered your beginning balances because

Prepare a narrative describing the transaction cycle process, Assignment: ...

Assignment: This assignment will be to describe and document the internal controls over a transaction cycle at a local business. A transaction cycle could be the sales process,

Difference between income statement and balance sheet, Difference between I...

Difference between Income Statement and Balance Sheet Difference between the amounts of the columns in Income Statement and Balance Sheet should be the same amount. Words "Net

Overestimate the profitability of the business, In Exhibit the accurately s...

In Exhibit the accurately stated ending inventory for the year 2009 is USD 35000. As a result Allen has a gross margin of USD 135000 as well as net income of USD 50000. The stateme

Journal, Ledger is said to be the principal book entry and the transactions...

Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.” Elaborate and explain why journal is necessary.

EM131231605L27, My assignment was due to me by 9:52 my time.

My assignment was due to me by 9:52 my time.

Evaluate process controls and organizational system, Purpose To assess y...

Purpose To assess your ability to:  •apply REA ontology concepts to an organization  •prepare diagrams for the identification of the flow of data through an organization

Example on closing process, Q. Example on closing process? This problem...

Q. Example on closing process? This problem engross using a work sheet for Green Hills Riding Stable Incorporated for the month ended 2010 July 31 and performing the closing pr

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd