Gross Method vs. Net Method (Recording Journal Entries for Sales)

Published: 03 October 2022
on channel: TLC Tutoring

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You can follow along with this video by downloading the Excel spreadsheet available on our website: https://www.tlctutoringcompany.com/gr...

This video explores the differences between the gross method and the net method when accounting for sales. Credit terms, discounts, payments received within the discount period, and payments received outside of the discount period are discussed.

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