Recording Sales Returns and Allowances - Contra Revenue Account
Пікірлер: 21
@Staycee3310 жыл бұрын
dude seriously you rock. I wish my teacher was more like you.
@rizzoli7 Жыл бұрын
thank you
@YeZhik513 жыл бұрын
just discovered this right before my midterm! Thank god, more information, and a great go-to place for a refresher!
@michelleg.99347 жыл бұрын
GREAT VIDEO! Thank you very much. I've watched a few of your vids and the way you explain everything is so simple and easy to understand. Again, thank you so much!
@Salvation19843 жыл бұрын
Great video!! Easily explained! Thank you!!
@abdulr11042 жыл бұрын
Thx useful
@ivonnelopez82033 жыл бұрын
you're such a good teacher :)
@sisikalay11 жыл бұрын
The previous entry - we sold 600 worth of inventory Cr side, reducing the inventory level,,, and with return, we are getting back 300 worth of inventory.. Increasing inventory level Dr side
@rocamia200111 жыл бұрын
I should off found this long time ago I would off done bad but thanked God I did awesome in my test.
@monkeybananaize9 жыл бұрын
man thanks a bunch that really helped!
@kmatsumoto1268 жыл бұрын
Easy to understand!
@1key1112 жыл бұрын
the COGS should still be $600.00 when you give customer the $100.00 discount.
@ThinkPinkMK13 жыл бұрын
Great video. Thank you so much.
@lynn-leeciano42954 жыл бұрын
how would you account for rebates to a customer? would they be considered discounts (contra sales account) or a reduction to cogs?
@rkrehal93293 жыл бұрын
why we did not credit sales return provision. we simply credited A/R?
@intansapinoso60983 жыл бұрын
How about Sales Return which are unsalable?Do we need to record them? What accounts are to be debited and credited?Thank youuu for future response
@krisea38075 жыл бұрын
Well, if you can cover under which account title each entry goes so that accounting equation is in balance, that would be nice.
@dannyvas111 жыл бұрын
zakhu ins't a problem I have to do some work on apache attack sydney 2:47 lol