acct2301 at UT Arlington

2. Net Sales

in Chapter 4 (Video 2 of 7)
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There are a couple of things that can be taken out of sales to get us down to "Net Sales". You'll need to pay close attention, because these exact same things will apply to purchases too.

This Video Mentioned Some Formulas

Beginning Inventory
+ Net Purchases
Goods Available for Sale (Some professors care about this... some don't)
Sales Revenue
– Sales Returns and Allowances
– Sales Discounts
Net Sales

The Rest Of The Videos

1 COGS and Inventory 2:57
2 Net Sales
You are here. 		10:03
3 Perpetual vs Periodic 7:10
4 Transportation In 8:41
5 COGS 6:18
6 Drawbacks to Periodic 6:07
7 Estimating with Gross Profit 7:23
Chapter 5 →

Chapter 4 Practice Problems

Click Here to View All Chapter 4 Problems at Once View
1 Loss On Inventory Easy
2 The Effect of Inventory Errors Hard
← Chapter 3

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