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Accounting Questions and Answers | AccountingCoach
Definition of Net Sales Under the accrual basis of accounting, net sales is the total amount of goods shipped/delivered to customers during a specified period of time minus any early payment discounts (if offered by the seller) and minus allowances for goods Read MoreAccounting Basics Q&A · Course Outline · 01. Accounting Basics · 10. Balance Sheet
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FUNDAMENTALS OF ACCOUNTING AND AUDITING – The Institute Of FUNDAMENTALS OF ACCOUNTING LESSONS LEARNING OBJECTIVES In today’s business world, accounting is considered as ‘the universal language of business’ because it is the vehicle for reporting fundamental to the usefulness of financial accounting information.
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Fundamentals of Accounting 1 FUNCTIONS OF ACCOUNTING v) Communicating Finally, the accounting function is to communicate the financial data to the users. wwwlur 12. Fundamentals of Accounting Financial Transactions or Events RecordingJournal 1. Cash Book 2. Purchase Book 3. Sales Book 4. Purchases Return Book 5. Sales Return Book 6.
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