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What is the difference between the sales return and purchase return?
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∙ 14y ago
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∙ 14y ago
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What is the journal entry for goods return?
If sales goods returned: [Debit] Sales account xxxx [Credit] Sales Return account xxxx if purchase goods returned: [Debit] Purchase return xxxx [Credit] Purchases account xxxx
What is the difference between a purchase on account and a sale on account?
Purchase on account means purchases from vendors on credit while sales on account means selling to customers on credit.
'What is the difference between sales forecast and sales quota?
what is sales forecast
What is the difference between sales tax and vat?
Sales Tax is a tax charged on Sale of any item whereas VAT is value added tax charged on both sale & purchase.
Is purchase return is contra account?
Purchase return is a contra account because it reduces the balance in the Purchase account in an attempt to determine cost of goods sold. This is like sales returns and allowances being used to determine net sales on an entity's income statement.
What is the difference between sale sand sales return?
sales is when u sale it dimwitt and sales return is when u return it dumbie
What is the difference between hire purchase and installment sales?
Whd0
What is difference between sales book and purchase book?
A sales book is for recording sales (money you receive) a purchase book is for recording your purchases (money you pay).
How can you calculate average cost during each transaction such as purchase purchase return sales and sales return in moving-average-cost-method in inventory?
dfs
What is the journal entry for goods return?
If sales goods returned: [Debit] Sales account xxxx [Credit] Sales Return account xxxx if purchase goods returned: [Debit] Purchase return xxxx [Credit] Purchases account xxxx
If you purchase a new vehicle and trade one in is the 6 Pennsylvania sales tax calculated on the full purchase price or with the trade in amount deducted?
Sales tax in Pennsylvania is calculated on the difference between the sales price of the car and the trade-in amount. This is usually called the "money difference"
What is the difference between property tax and sales tax?
Property tax is a tax imposed on the value of real estate properties, levied by local governments to fund services like schools and infrastructure. Sales tax, on the other hand, is a tax placed on goods and services at the point of sale, collected by the merchant and remitted to the government. Property tax is a recurring tax based on property value, while sales tax is a one-time tax based on the transaction value.
If a corporation sells certain capital equipment for more than their initial purchase price the difference between the sales price and the purchase price is called a?
A profit.
What is the difference between the sales objectives and communication objectives?
difference between sales objectives and commuicatio objectives?
'What is the difference between sales forecast and sales quota?
what is sales forecast
What is the difference between a purchase on account and a sale on account?
Purchase on account means purchases from vendors on credit while sales on account means selling to customers on credit.
What is the difference between sales executive and sales officer?
The difference between a sales executive and sales officer will depend upon the company. Most times, a sales executive will have a higher position than a sales officer.
