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Sales return is that portion of finished goods which once sold but refund back by customers so as finished goods are assets same way sales return is asset as well because it increase the finished goods inventory.
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∙ 9y ago
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Is return inward a current asset?
No, return inwards is not a current asset. It is sales returns and comes on the debit side of profit and loss account. otherwise, lessened from the sales on credit side
Is sales asset?
NO
What is a sales returns day book?
Sales returns day book only record the sales returns in any day and no other entry is recorded in it.
Is sales revenue an expense or asset?
Sales is a revenue not an expense or asset while difference between sales and expense is profit which is liability for business.
Is sales return an income account?
Yes, sales returns does appear in the income statement:Revenues:Sales 250,000less Sales returns 25,000
Is return inward a current asset?
No, return inwards is not a current asset. It is sales returns and comes on the debit side of profit and loss account. otherwise, lessened from the sales on credit side
Is sales asset?
NO
The Sales Returns and Allowances account is classified as a?
Sales Returns and Allowances are contra revenue accounts because they reduce that total amount of sales. [Sales-Sales returns and allowances=Net sales]. They are reported on the income statement.
What is a sales returns day book?
Sales returns day book only record the sales returns in any day and no other entry is recorded in it.
Is sales revenue an expense or asset?
Sales is a revenue not an expense or asset while difference between sales and expense is profit which is liability for business.
Is net sales a asset?
no
Is turnover calculated by first deducting items like carriage in and sales returns from sales or is it total sales without deductions?
it is sales less sales returns
Is sales return an income account?
Yes, sales returns does appear in the income statement:Revenues:Sales 250,000less Sales returns 25,000
Is sales returns and allowance a current liability?
Sales returns and allowances is not a liability rather these are expenses or reduction in actual sales
How do you calculate risk on a two asset portfolio?
For a two-asset portfolio, the risk of the portfolio, σp, is: 2222p1122112212222p11221212121212σ=wσ+wσ+2wσwσρorσ=wσ+wσ+2wwcovcov since ρ=σσ where σi is the standard deviation of asset i's returns, ρ12 is the correlation between the returns of asset 1 and 2, and cov12 is the covariance between the returns of asset 1 and 2. Problem What is the portfolio standard deviation for a two-asset portfolio comprised of the following two assets if the correlation of their returns is 0.5? Asset A Asset B Expected return 10% 20% Standard deviation of expected returns 5% 20% Amount invested $40,000 $60,000
How do you calculate risk on a two-asset portfolio?
For a two-asset portfolio, the risk of the portfolio, σp, is: 2222p1122112212222p11221212121212σ=wσ+wσ+2wσwσρorσ=wσ+wσ+2wwcovcov since ρ=σσ where σi is the standard deviation of asset i's returns, ρ12 is the correlation between the returns of asset 1 and 2, and cov12 is the covariance between the returns of asset 1 and 2. Problem What is the portfolio standard deviation for a two-asset portfolio comprised of the following two assets if the correlation of their returns is 0.5? Asset A Asset B Expected return 10% 20% Standard deviation of expected returns 5% 20% Amount invested $40,000 $60,000
Is sales reveune a business asset?
No.
