Is the same thing as Net Sales.
Net credit margin is net interest income minus net credit losses, as a percentage of average managed outstanding balances
Net Sales is the the Total Sales less the Cost of Goods Sold. ========================================= Net sales refers to revenues earned by businesses after selling a product/service. Sales less discounts, returns and allowances for damages/losses equals sales.
it is credit P&l Dr TO net loss
The difference between net credit and net debit in financial transactions is that net credit means the total amount of money received or credited to an account, while net debit means the total amount of money paid out or debited from an account.
Adjusted Net Bank Credit is Net Bank Credit added to investments made by banks in non-SLR bonds (in held-to-maturity (HTM)) or it is the credit equivalent of off-balance-sheet exposures, whichever is higher.
Total sales - cash sales - sales return
yes they do but if the cash sales and credit sales ar the same number they equal subsales
Net credit sales are the revenues generated from the extension of an A/R account to an individual (or other entity), as modified by any allowences, returns, etc... You could also find it by taking the Net Revenue and subtracting everything except credit sales.
One can find a lot of information regarding Net Credit Sales from many financial institutes and businesses and Ask also has information regarding this topic.
Sales discount is subtracted from gross sales in arriving at net sales. It is a contra revenue account, so it is ALWAYS debit.
Uncollectable accounts may be estimated as a certain percentage of net credit sales or may be estimated on basis of past experiance as well as un-payable time by making uncollectable aging schedule.
That is correct. Sales and returns allowances is what is called a "Contra" account because it exists to reduce the net balance of an account. Sales is a credit account, so you debit sales returns and allowances in order to reduce your net sales.
Net sales and Net Income are not of the same thing. Net sales is sales less its contra accounts (sales returns and allowances, sales discounts). On the other hand, net income or profit is net sales less the expenses.
Formula for net sales is as follows: Net sales = Actual sales - sales returns and discount allowed
NET SALES: Gross sales minus returns, discounts, and allowances. GROSS SALES: Total invoice value of sales, before deducting for customer discounts, allowances, or return.No. The sales tax is posted as a credit to the Sales Tax Payable Account. So, if you had a $100 sale plus $5 sales tax, you would debit cash $105, credit Sales $100 and credit Sales Tax Payable $5...
Net sales = Total sales - Sales returns and allowances
Net Sales..