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The total net credit sales can be found by deducting the sales returns from gross sales. Net credit sales refer to the value of gross sales less all sales Debit and credit separate in excel This lesson features how to calculate credit purchase in accounting? I explained how to calculate credit purchase with a simple
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you are enrolled in the PrompTax program for sales tax. How to calculate the credit amount. If you qualify, the credit equals 5% of the taxes The receivables turnover is the ratio between the company's sales on credit and its average A/R balance. Receivables Turnover = Net Credit Sales
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