ACCT 284 at Iowa State University

2. Net Sales

in Topic 5 (Video 2 of 11)
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

Did I miss anything in Topic 5?

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