It means that 60% of sales and purchases are done on cash basis while 40% of purchases and sales are done on credit basis.
Purchase journal only records and deals in with purchases and don't deal with sales items.
Cost of sales = opening stock + purchases-closing stock Cost of sales = opening stock + purchases-closing stock
what is the sales tax on a purchase of $264.00
Direct cost of sales is that cost which directly identifiable with sales like purchases etc.
It means that 60% of sales and purchases are done on cash basis while 40% of purchases and sales are done on credit basis.
Yes purchase returns are deducted from purchases to calculate the net amount of purchases and that's why included in cost of sales.
Purchase journal only records and deals in with purchases and don't deal with sales items.
Cost of sales = opening stock + purchases-closing stock Cost of sales = opening stock + purchases-closing stock
what is the sales tax on a purchase of $264.00
There is no sales tax on real estate purchases.
Direct cost of sales is that cost which directly identifiable with sales like purchases etc.
credit sales
Yes. Generally people started spending less and delaying purchases. That affects retail sales and manufacturing.
Sales assistants work in a shop and help customers with their purchases. This could include guiding customers to merchandise, stocking shelves, and ringing up purchases. These are only a few of the sales assistant's potential duties.
credit sales are sales you have made on credit, so they still owe you the money for that item. credit purchases are things you have purchased from your suppliers on credit and therefore you owe the money for
No