Stack #38800
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| Cost of Merchandise Sold | The cost is reported as en expense when merchandise is sold.
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| Gross Profit | Sales - CMS
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| Merchandise Inventory | Unsold merchandise at end of an acctg period.
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| Net Income | Gross Profit - Operating expenses
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| Sales | The total amt charged customers for mdse sold, including cash sales and sales acct.
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| Sales Ret. & Allow. | From the seller's view, returned mdse or an adjmnt. for defective mdse.
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| Sales Discount | From the seller's view, discounts that a seller may offer the buyer for early payment.
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| Net Sales | - sales ret. & allow. and sales discounts from sales.
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Created by:
Jaime4
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