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11 Cards in this Set
- Front
- Back
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net purchases
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Purchases + Transportation In - Purch Discounts - Purch Ret & Allow
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net sales
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Sales - Sales discount - Sales ret. & allow
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Cost of Delivered Merchandise
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Purchases + Transportation In
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Cost of Merchandise Available
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Beg. Inventory + Net Purchases
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Cost of Merchandise Sold or
Cost of Goods Sold |
Beg. Inventory + Net Purchases - Ending Inventory
or Cost of Merdandise Available - Ending Inventory |
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Gross Profit on Sales
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Net Sales - Cost of Merchandise Sold
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Net Income
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Net Sales - COMS - Expenses + Other Income
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New Capital
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Beg. Capital + Net Income - Drawing
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Transporation In
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Increases Purchases
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FOB Shipping Point
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buyer pays the shipping charge
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FOB destination
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supplier pays the shipping cost
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