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!
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
dude seriously you rock. I wish my teacher was more like you.
thank you
just discovered this right before my midterm! Thank god, more information, and a great go-to place for a refresher!
Short and easy to consume, love it.
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!
Great video!! Easily explained! Thank you!!
you're such a good teacher :)
man thanks a bunch that really helped!
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
how would you account for rebates to a customer? would they be considered discounts (contra sales account) or a reduction to cogs?
why we did not credit sales return provision. we simply credited A/R?
Great video. Thank you so much.
Well, if you can cover under which account title each entry goes so that accounting equation is in balance, that would be nice.
the COGS should still be $600.00 when you give customer the $100.00 discount.
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
I should off found this long time ago I would off done bad but thanked God I did awesome in my test.
Easy to understand!
Thx useful
zakhu ins't a problem I have to do some work on apache attack sydney 2:47
lol