Net Receivable Sales Formula In Cuyahoga
Category:
State:
Multi-State
County:
Cuyahoga
Control #:
US-00402
Format:
Word;
Rich Text
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Description
Accounts Receivable -Contract to Sale is a Contract to convey all accounts to a third party at a discount. The Seller agrees to sell to the Buyer all of Seller's right title and interest in all accounts as listed on the attached Exhibit, together with all invoices representing, and all money due or to become due on the assigned accounts and all other rights in the assigned accounts of any type. This Contract can be used in any state.
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To calculate net accounts receivable, you need: total accounts receivable, allowance for doubtful accounts, and sales returns and allowances. To calculate net credit sales, subtract any returns, allowances, or discounts from the total sales figure.