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Merchandising: Purchase Discounts, Purchase Returns, Purchase Allowances - Accounting video
 
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A purchase discounts and purchase returns and allowances example. Other videos in this series: Part 1 - Operating Cycle, Inventory, and Purchase Discount Terms Part 3 - Selling Inventory Part 4 - Adjusting and Closing Part 5 - Income Statements and Business Evaluation For more accounting/how to eLectures (and accompanying lecture notes), blog and a discount textbook-store visit www.TheAccountingDr.com Please note that videos may require Flash media and may not play on devices without Flash capabilities (i.e. iPad).
How to Account for Sales Returns and Allowances
 
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This video shows how to account for Sales Returns and Allowances using journal entries. A sales return occurs when a customer returns an item to the company. A sales allowance occurs when the company reduces the price paid by a customer because the customer received defective merchandise. Sales Returns and Allowances are subtracted from Gross Sales on the Income Statement to obtain Net Sales. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like Edspira on Facebook, visit https://www.facebook.com/Edspira To sign up for the newsletter, visit http://Edspira.com/register-for-newsletter Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin To follow Michael on Facebook, visit https://www.facebook.com/Prof.Michael.McLaughlin
Views: 8381 Edspira
Purchase Returns and Allowances- Ch. 5 Video 3
 
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Recording purchase returns and allowances
Views: 35553 mattfisher64
Perpetual Inventory System and How to Journalize Purchase Entries (FA Tutorial #30)
 
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75% OFF the Full Crash Course on Udemy: http://bit.ly/2oZIdcP So we've talked about the perpetual inventory for some time now. Well, now its time to learn how to journalize certain transactions in this system like purchases, returns, discounts along with shipping costs (Looking at FOB destination and FOB shipping). Merchandise inventory will be used in this inventory system and will include constant cost of goods sold changes as inventory is sold and returned. Watch the entire tutorial and understand this concept to our inventory chapter! ** Notepirate is privately owned and exclusive to Notepirate.com.** Website: http://www.notepirate.com Follow us on Facebook: https://www.facebook.com/pages/Note-Pirate/514933148520001?ref=hl Follow us on Twitter: http://twitter.com/notepirate We appreciate all of the support you guys have given us. Be apart of the mission to help us reach more students by subscribing, thumbs upping and adding the videos to your favorites!
Views: 43792 Notepirate
Tally ERP 9 Tamil Tutorial Part 12 Inventory Purchase,Purchase Return
 
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In this video i clearly explained How to enter purchase with Inventory How to enter Purchase return with inventory How to enter sales with inventory How to enter sales return with inventory And How to view closing stock in Difference ways and what are the different types of output statements in Tally Today sum: capital received by cash 100000 credit purchase from abc garments shirts 100 nos 250 per no shirt bit 100 meter 125 per mt pant 100 nos 525 per no pant bit 100 meter 275 per mt cash sales shirt 50 nos 375 per no shirt bit 60 mt 200 per mt. purchase return shirt and pant each 10 number credit sales abc customer shirt bit 25mt 200 per mt pant bit 50 mt 350 per mt. shirt 10 nos 375 per no sales return from abc customer shirt 10 numbers payment made to abc garments by cash.
Views: 516 Tech Veta
Purchase Return in AX 2012 R3
 
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It would explain how to make Purchase Return in AX 2012 R3.
Views: 443 Koenig Solutions
Dynamics NAV 2015: Sales Returns & Purchase Returns
 
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Learn how to create sales returns & Purchase returns in Microsoft Dynamics NAV 2015 with Johannes Gudmundsson in this coffee mug tutorial. Level: Intermediate Follow us Website: http://www.inecta.com/ Facebook: https://www.facebook.com/iNECTA/ Twitter: https://twitter.com/inecta_llc?lang=es LinkedIn:https://www.linkedin.com/company/inecta-llc. Contact us for ERP Software Email: [email protected] Contact us for more information and for a free demonstration of Microsoft Dynamics 365. We have several industry-specific solutions that we can show you.
Views: 6043 iNECTA University
Orderhive 2.0 Webinar Session 3: ‘How to Manage Purchase, Vendor Inventory Feed & Returns’
 
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Managing inventory and orders is a tedious and time-consuming task for any e-commerce seller or store owner. Orderhive - the smart and powerful order, shipping & inventory management software makes it easy, smooth and efficient. This is the recording of 3rd session of an instructive 3-part webinar series organized by Orderhive. In this webinar ‘How to Manage Purchase, Vendor Inventory Feed & Returns’, you’ll learn: 1. How to - Add and Manage Purchase Orders? 2. How to - Add and Manage Suppliers? 3. How to - Track Vendor's Inventory through Orderhive? 4. How to - Manage Returns in Orderhive? 5. How to - Use Printhive? Orderhive webinar session 3 was: Hosted by Bhumish Sheth, Marketing Manager at Orderhive Presented by Dipan Gajjar & Shikha Arora, Product Experts at Orderhive Date: 05/09/2018 More at: https://www.orderhive.com/ Sign up for free: https://my.orderhive.com/signup Support Center: https://intercom.help/orderhive Twitter: https://twitter.com/Orderhive Facebook: https://www.facebook.com/orderhive/
Views: 72 Orderhive
MaxxERP Software Session 3 -  Sales - Purchase - Returns - Register & Reports - Stock Summary
 
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MaxxERP | The World Class Business Management Software for more log on to http://maxxerp.com/ Cheers!
Views: 408 MaxxERP Software
Purchasing inventory: periodic and perpetual journal entries
 
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This video explains the differences between the periodic and perpetual methods for recording the purchase, return and payment of inventory. Purchase discounts and terms are also explained. For more help with accounting, please visit my website http://AccountingInFocus.com.
Views: 9172 Kristin Ingram
Purchase Return & Sales Return or Rejection Inward/ Outward Notes in Tally.ERP in Hindi
 
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How to use Purchase Return Sales Return , Rejection in Rejfection Out Entry in Tally.ERP9 How to enter Debit Notes Voucher. How to enter credit notes voucher, How to use interest calculation in tally, how to use VAT entry in tally Accounts, Inventory, Taxation, Banking, Investment, Insurance, Manufacturing, Payroll, job order, Vat, CST, TDS, TCS, Service Tax, Payment Voucher, Receipt Voucher, Journal Voucher, Contra Voucher, Sales Voucher, Purchase Voucher, Purchase Order, Sales Order, Delivery Note, Receipt Note, Rejection In, Rejection Out, Stock Journal, Physical Stock, Manufacturing Journal, Interest Calculation, Godown, Category, Currencies,Deprecation, Loss, Profit, Transfer of Godown, Queries, Report, Export of Data, Import of Data, Bank Reconciliation
Views: 31393 Daood Computer Centre
Introduction to Financial Accounting: Purchasing and Selling Inventory
 
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An explanation by Larry & Trisha on the purchase and sale of inventory. Topics we have fun with include the journal entries from the buyers and sellers perspective.
Views: 4828 Accounteam
GST Inventory Software | DEBIT NOTE/PURCHASE RETURN
 
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CREATING DEBIT NOTE/PURCHASE RETURN INVOICE
031. purchase return and sales return entry debit note  credit note part - 1
 
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www.study2videos.com you can learn many type computer courses on our website like as Tally erp 9 HTML photoshop corel draw pagemaker java internet ms excel 2007 ms power point 2007 ms word 2007 internet basic computer busy etc.
Views: 36841 Study 2 videos
AlignBooks Transaction Forms - Purchase Return
 
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Purchase return documents are required to be created in case purchase goods or items are returned back to the vendor. Purchase return memo is just like a purchase debit note with the difference being that in a simple debit note, your inventory records do not get affected. Whereas, in purchase return notes, these is impact in the inventory record also along with the financial posting. Explore more on https://alignbooks.com/home Claim your FREE Trial by logging in http://blog.alignbooks.com/gst-enabled-accounting-software-free-trial/ Or call our Support Team for a FREE Demo on Toll Free No. 18001208581
Views: 28 AlignBooks
How To Do Purchase & Sales Return Entry Using Debit & Credit Note In Tally.ERP 9 For GST - Lesson 15
 
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In This Easy Hindi Tutorial Of Tally, You Will Learn How To Do Sales And Purchase Return Entry Using Credit Note Voucher And Debit Note Voucher For GST Purpose, And How To Calculate GST On It. Tally.ERP 9 Ke Iss Tutorial Me Aap Janenge Tally.Erp 9 Me Debit Note Voucher Aur Credit Note Voucher Ka Upyog Karke Sales Return Aur Purchase Return Ki Entry Kaise Ki Jati Hai, Aur Un Per GST Kaise Calculate Kiya Jata Hai. Tally.ERP 9 के इस Tutorial में आप जानेंगे Tally.ERP 9 में डेबिट नोट वाउचर और क्रेडिट नोट वाउचर का उपयोग करके परचेस return और सेल्स return की एंट्री कैसे की जाती है, और उन पर GST कैसे कैलकुलेट किया जाता है | Quiz: https://goo.gl/forms/OfNUwhGD1YhOVH5a2 Exercise: https://goo.gl/iKTLY4 Tally ERP 9 - Basic Level Playlist - https://goo.gl/A6HKEK Tally ERP 9 - Intermediate Level Playlist - https://goo.gl/xSJvYe Tally ERP 9 - Advance Level Playlist - https://goo.gl/kzBDqq Tally ERP 9 - For GST - https://goo.gl/feazX6 Subscribe : https://goo.gl/tm11cl All Playlist : https://goo.gl/Y6wlrR Website :http://www.gyanyagya.info/
Views: 289544 Gyanyagya
521.Accounts XI - Journal entries - Purchase and purchase return
 
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Visit our website www.arinjayacademy.com for Hindi,  Maths, Accounts, CA Final International Tax, Direct Tax at following links  Hindi Class 6 Notes, click -  https://www.arinjayacademy.com/hindi-vyakaran-हिंदी-व्याकरण-class-6/ Hindi Class 7 Notes, click -  https://www.arinjayacademy.com/hindi-vyakaran-class-7/  Hindi Class 8 Notes, click -  https://www.arinjayacademy.com/hindi-vyakaran-class-8/ Hindi Class 9 and Class 10 Notes, click -  https://www.arinjayacademy.com/hindi-vyakaran-class-10/ Maths Class 3 Notes, click -  https://www.arinjayacademy.com/practice-maths-grade-3/ Maths Class 4 Notes, click -  https://www.arinjayacademy.com/maths-class-4/ Maths Class 5 Notes, click -  https://www.arinjayacademy.com/practice-maths-grade-5/  Maths Class 6 Notes, click -  https://www.arinjayacademy.com/practice-maths-grade-6/  Maths Class 7 Notes, click -  https://www.arinjayacademy.com/practice-maths-grade-7/  Maths Class 8 Notes, click -  https://www.arinjayacademy.com/practice-maths-grade-8/ Accounts Class 11 Notes, click - https://www.arinjayacademy.com/accounts_class-xi/ Accounts Class 12 Notes, click  -  https://www.arinjayacademy.com/accountancy-class-12/  CA Final International Tax Notes, click -  https://www.arinjayacademy.com/ca-final-elective-paper-6c-international-tax/ Transfer Pricing Notes, click -  https://www.arinjayacademy.com/transfer-pricing/ International Tax Article by Article Notes, Click -  https://www.arinjayacademy.com/international-tax-interpreting-tax-treaty/ Download Arinjay Academy app at : - https://play.google.com/store/apps/details?id=com.arinjayacademy You can access our content at https://www.arinjayacademy.com/learn Practice Accounts Exercise Class XII at - https://www.arinjayacademy.com/learn/Accounts-Class-XII?tab=3 Practice Maths Exercise Class VI at - https://www.arinjayacademy.com/learn/MathsClassVI?tab=3 Practice Maths Exercise Class VII at - https://www.arinjayacademy.com/learn/Maths--Class---7-?tab=3 Practice Hindi Exercise Class VI at - https://www.arinjayacademy.com/learn/Hindi---Class-6--?tab=3 Practice Economics Exercise Class XII at - https://www.arinjayacademy.com/learn/Economics---Class-12?tab=3 www.iedubook.com provides this video, which is one of our collections of ever increasing videos on Mathematics, Economics, Accounts, Physics, Chemistry and others meant for students of CBSE, ICSE, NCERT, aspirants of MBA, Bank exmas and any other area.
Views: 21120 Arinjay Academy
Purchase Discount (Net Method Vs Gross Method) Cash Discounts On Inventory Purchases
 
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Accounting for purchase discounts (gross discount method versus net discount method) and purchase returns and allowances, example is for recording a purchase made on credit on for purchase of $20,000 goods with terms 2/10, n/30, (2% purchase discount if paid within 10 days, gross amount due in 30 days), for the (1) gross method, enter the purchase and payable at the gross amount, record purchase discount only when payment is paid within the discount period and report purchase discount as a deduction from purchases in the Income Statement, for the (2) net method, record purchases and payables (at net amount assumming full discounts are taken), represents the cash price, purchase discounts not taken reflect penalties added to established price and considers purchase discounts lost as an "Other Expense" item on the Income Statement, purchase returns and allowances are recorded in the same manner gross and net amounts, detailed accounting example by Allen Mursau
Views: 11002 Allen Mursau
How to Create Purchase Returns - AcTouch Cloud ERP Solutions
 
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How to Create Purchase Returns AcTouch Cloud ERP Solutions AcTouch Technologies Pvt. Ltd - Cloud ERP Solutions. AcTouch is a leading Cloud-Based ERP Software Designed Specifically For Small Businesses, Providing Inventory Management, Billing & Invoicing, Payment Management, Manufacturing, Online Accounting,Sales and Purchases, Order Management,Budgeting, General Ledger etc. Accounting Software , Inventory Management Software , Billing & Invoicing Software , Payment Management Software , Manufacturing Software , Online #Accounting Software, #GST Software. Calibration on Cloud ,Calibration Management solution. Website: http://www.actouch.com GST Software - http://www.actouch.com/free-gst-softw... Retail and Distribution ERP Software - http://www.actouch.com/retail-and-dis... Manufacturing ERP Software - http://www.actouch.com/manufacturing-... Sales Force Automation - http://www.actouch.com/mobile-sales-f... Calibration On Cloud - http://www.actouch.com/calibration-on... AcTouch Technologies Pvt. Ltd. India. #19/1, 2nd Floor, S. Kariappa Road Model House Street, Basavanagudi. Bengaluru – 560004 Karnataka. India Email: [email protected] Tags: Creating Sales Order and Sales Invoice, delivery challan, What Are Sales Orders, How To Create & Invoice SO - AcTouch Technologies, Create a Sales Invoice or Sales Order, sales order vs invoice sales order vs purchase order, sales order vs invoice, purpose of sales order, sales order vs purchase order vs invoice, difference between sales order and proforma invoice, sales order example, GST Invoice, Sales Order V/S Sales Invoice Create sales invoices , Sales orders and invoices, Sales Quotes, Sales Orders, Sales Invoices, what is sales return purchase return, purchase return debit note purchase return debit or credit note purchase return format purchase return in trial balance is purchase return nominal account purchase allowance
MYOB - Purchase Entry with Inventory
 
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How to enter Purchase Entry with Inventory in MYOB. www.hkbookkeeping.com
Views: 10392 Kashyap Patel
Purchase Returns
 
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The purchase returns functionality allows the organization to keep track of all returns of goods to suppliers. The process when used properly will allow the company to keep track of the inventory being sent back as well as if the company has received any credit memos. Picking tickets, packing slips and bills of lading can also be generated to help with the warehousing and shipping processes.
Views: 283 Kevin Coulter
video # 9 :  Sales return and Purchase return
 
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This Bangla Video Tutorial we see how to record sales return and purchase return in QuickBooks
Views: 2418 MD.ANOWER HOSSAIN
How to Enter the sale and Purchase returns in tally
 
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This video clip desribes how to enter the sales returns and purchase returns in tally .Goods return inwards and goods return outwards, credit note and debit note. This is lesson 6 of tally self learning course Note :If any videos on youtube unable to here the voice follow these steps Open the youtube video copy the URl Open VLC Media Player Go to Media Select network team Paste the URL and click on play Increase the valume upto 400% thats it
Views: 145074 Subramanyam Gaddam
Tally Tutorials in Telugu- 17 ||Purchase & Sales Returns || www.computersadda.com||
 
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Click the below Link of Tally Problems --------------------------------------------------------------------------------------------------------- http://www.computersadda.com/2017/04/purchase-returns-sales-returns-in-tally/ ---------------------------------------------------------------- Tally Shortcut Keys ----------------------------------------------------------------- http://www.computersadda.com/2017/04/tally-shortcut-keys/ --------------------------------------------------------------------------------------------------- Facebook fan page ------------------------------- https://www.facebook.com/Computersadda-1958850927674191/ Youtube Channel page ------------------------------------ https://www.youtube.com/channel/UCBVo5w4Cvm3_AEEBqsHjXow ------------------------------------------------------------------------------------------------------------ Hi Friends. Welcome to our Adda. Complete Telugu Video Tutorials. Ms-office,Tally ERP 9, Accounts,Photoshop, Pagemaker, CorelDRAW, AutoCAD (2D & 3D), C Lang, Basics of Computers, Html, Tips & Tricks, Weekly QUIZ. All Courses Shortcuts keys, Theories, Abbreviations,What & Who is This ?
Views: 12817 Computers adda
Inventory Management - Batch Purchase Order & Supplier Return
 
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Batch tracking in Unleashed allows you to assign your products batch numbers and quantities so that you can view your products' journey as part of your inventory management. Before Products can be brought into Unleashed you need to assign them a batch number and quantity from the Purchase Order screen. For more Academy videos, check out www.unleashedsoftware.com
Views: 231 Unleashed Software
purchase return ledger create in tally
 
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1. create purchase return ledger in tally erp.9 2. purchase return ledger kese banaye 3. purchase return ledger kis group ke under banega 4. purchase return ledger comes under which account Thanks for watching my video !!
Sale _ Purchase return and refund
 
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Sale _ Purchase return and refund
Views: 137 baidaraka
Debit and Credit Notes in Tally (Purchase & Sales Returns)
 
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In this video I have explained you the real concept of debit and credit notes in tally. I have also explained how you can easily create debit and credit notes in Tally. Debit and Credit notes are generally used in case of purchase returns or sales returns. Links: To the Purchase and Sales Video - http://www.tallyschool.com/create-sales-and-purchase-vouchers-in-tally/ To the Post of this Video - http://www.tallyschool.com/create-debit-and-credit-note-in-tally/ Thanks for watching and please share if you liked the video.
Views: 38023 TallySchool
Purchase Discounts and Discount Terms - Ch. 5 Video 2
 
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Discount Terms and journal entries for purchase discounts
Views: 50623 mattfisher64
How to Record Purchase Return (Debit Note) under GST
 
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How to Record Credit Note under GST Learn Tally with GST Goods & Service Tax Tally.ERP9 Tutorials Stock Return in GST Purchase return in GST
Views: 4351 Tally Knowledge
Accounting for Purchase of Inventory | Financial Accounting | CPA Exam FAR | Ch 5 P 2
 
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Merchandising operation, purchase of inventory, FOB shipping, FOB destination, perpetual inventory, periodic, purchase discount, purchased invoice, discount terms, net purchased, freight in, purchase returns, purchase allowances, purchased returns and allowances,
How to manage inventory using Free Excel Template? Retail Inventory (Stock) Tracker
 
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Download a free Excel template to track inventory for your retail business. https://indzara.com/2017/02/free-retail-inventory-management-template/ A simple and effective way to manage orders and inventory for your retail business. If you are getting started with a retail business where you plan to buy products from your suppliers and then sell them to customers with a margin, then you would need a tool to track your business in an effective way. Why do we need an Inventory and Sales Management tool? 1. What is current inventory level? 2. When to order? 3. Which products to order? 4. Are we profitable? 5. Who are best customers and suppliers? In order to get to this information easily and quickly, we need some kind of software. There are several sophisticated and expensive cloud based software available to manage inventory and sales for retail businesses. For small and medium size businesses, especially when we are starting up, it is important that any software we choose is easy to use, customize and not expensive. This is why I am excited to present a free Excel template as a solution. Features of this template Order Management 3 types of orders (Sale, Purchase, Adjust) Handles product returns Auto-Populate product prices in orders Inventory Management Calculates current inventory of each product Set re-order points and know what to order Finance Handles tax Handles product level and order level discounts Calculates Cost of Goods Sold (COGS) and Profit Data Management Easily access Product, Partner (Customer and Supplier) and Order Lists Maintain history of Product price data Reporting 6 page interactive report of business metrics 12 month trends of key metrics Identify best products and partners Calculates Inventory value Overview of steps Initial Setup Enter Business Information in Settings sheet Enter Product Categories in Settings sheet Enter list of Products in Products sheet Enter current Prices of products in Prices sheet Enter list of customers and suppliers in Partners sheet Creating Orders Enter list of Orders in Order Headers sheet. Enter each order’s details (line items) in Order Details sheet. Viewing business report View summary of business performance in Report sheet Related Videos: Tips about Excel Template https://www.youtube.com/watch?v=bfSOeOnyo_E How to use Excel tables? https://www.youtube.com/watch?v=GcGUJB7fo0c Simple and Effective Excel Templates: http://indzara.com/ Free Excel Templates: http://indzara.com/free-excel-templates/ Premium Excel Templates: http://indzara.com/shop/ Small Business Management Templates: http://indzara.com/small-business-excel-templates/ Free Excel Course: http://indzara.com/useful-excel-for-beginners/ Social: Subscribe to YouTube: http://www.youtube.com/user/theindzara?sub_confirmation=1 Facebook: https://www.facebook.com/theindzara YouTube: https://www.youtube.com/user/theindzara LinkedIn: https://www.linkedin.com/company/indzara Twitter: https://www.youtube.com/user/theindzara
Views: 82473 Indzara
Sales Returns and Allowances - Ch. 5 Video 6
 
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Recording Sales Returns and Allowances - Contra Revenue Account
Views: 44153 mattfisher64
Journal entries of purchase,sales,purchase return, sales return Chapter2 lecture1 11th class series
 
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In this video we will discuss about the 2nd chapter of 11th accounts I.e. JOURNAL ENTRIES . In this video I will explain some basic entries like business commencement, purchase, sales etc. #entry_of_purchase #entries_of_sales #accounting Link for other videos Playlist of all classes chapterwise in hindi class 10th maths from ncert book/cbse in hindi chapterwise with solutions https://m.youtube.com/playlist?list=PLUsUBXYVOqdDs10r2RYPgYEfMYHZBCj-e Class 11th accounts lectures in hindi chapterwise https://m.youtube.com/playlist?list=PLUsUBXYVOqdCyPUEqE9TN3SzIkiO_gJDJ Class 11th Business studies lectures in hindi chapterwise https://m.youtube.com/playlist?list=PLUsUBXYVOqdDSZWPBpHY78okveJI4Bhrx All Basic terms of accounting https://m.youtube.com/playlist?list=PLUsUBXYVOqdAC3VKvwXWJr6X3oMZtbm-c Class 12th accounts lectures in hindi chapterwise https://m.youtube.com/playlist?list=PLUsUBXYVOqdATlcwk5xxuL9MTNAL9rYYx Learn all the general entries in 5 minutes: https://youtu.be/bRxRM6a12sA What is Asset? Expense? Capital? Liability? Income?????: https://youtu.be/S1iBPIR6umY you can join with me on: facebook page : https://www.facebook.com/Digeshshala.digeshsoni/ facebook : https://m.facebook.com/Digesh.soni.31 instagram : https://www.instagram.com/digesh.soni/ twitter : https://twitter.com/soni_digesh
Views: 13451 DIGESHSHALA
Purchase order and Sales Order Entry in Tally ERP9 in hindi
 
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How to use Purchase order or Sales order in Tally.ERP9 Accounts, Inventory, Taxation, Banking, Investment, Insurance, Manufacturing, Payroll, job order, Vat, CST, TDS, TCS, Service Tax, Payment Voucher, Receipt Voucher, Journal Voucher, Contra Voucher, Sales Voucher, Purchase Voucher, Purchase Order, Sales Order, Delivery Note, Receipt Note, Rejection In, Rejection Out, Stock Journal, Physical Stock, Manufacturing Journal, Interest Calculation, Godown, Category, Currencies,Deprecation, Loss, Profit, Transfer of Godown, Queries, Report, Export of Data, Import of Data, Bank Reconciliation
Views: 64534 Daood Computer Centre
Merchandising: Buyer/Seller Journal Entries
 
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Learn to journalize buyer/seller entries using the gross, perpetual method. Pay close attention to the differences and how the buyer and seller treat certain aspects of these transactions. If you struggle with journalizing in general, please see our journalizing videos in the accounting cycle series.
Views: 10923 TLC Tutoring
How To Buy And Resell Amazon FBA Returned Pallets (Buying Amazon Returns For Under  $99 Wholesale)
 
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Amazon FBA product returns. How to buy product return pallets from Amazon auctions at wholesale prices. Amazon FBA is a booming business for many and when it comes to sourcing products at auction you have many options. One of the best options is buying Amazon FBA product returns from a wholesale auction or an Amazon FBA broker at auction. If your getting started sourcing this could be the option for you. Check out a broker to start buying amazon return pallets. My Website ►http://www.codyhawk.com My Company ►https://www.ecommerceist.com My Podcast ►https://ecommerceist.com/cody-hawk-show/ My Company ► http://www.geekbuds.com My Coaching Program ► https://www.codyhawk.com/coaching GET SHOPIFY: https://www.ecommerceist.com/shopify FREE eCommerce And Amazon FBA course: http://www.free.ecommerceist.com eCommerce Training Academy ► http://www.freelancewrangler.com MUST HAVE AMAZON FBA SUPPLIES: https://ecommerceist.com/resources/ Content Creation Cameras I Use: Canon t6i: https://goo.gl/npVZCh Canon 80D: https://goo.gl/adtPjL Canon 5D MK4: https://goo.gl/G6z1y4 Follow Me On Instagram ►http://www.instagram.com/c0dyhawk Follow Me On Twitter ► http://www.twitter.com/c0dyhawk ▼▼▼ More Details Below ▼▼▼ Music By: https://www.epidemicsound.com ***All videos on this channel are for entertainment purposes ONLY, before starting a business of ANY kind you need to seek your own business, legal advice. Cody Hawk and his affiliates are in no way responsible for actions you take or money you spend. Links above are affiliate links.
Views: 7686 Cody Hawk
FIFO METHOD ( When purchase & sales return given)
 
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Full knowledge of purchase & sales return given with carriage https://youtu.be/m3sbnnTHQf8 Simple fifo method with average https://youtu.be/Z1FBi_Si3Lo Department accounting https://youtu.be/gsBNFninrLk Hire purchase
Views: 173 Shravan Nishad
Sage 50-Purchase Return
 
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Views: 1177 Sage Malaysia
CA - BASICS OF ACCOUNTING TERMS PART 8 - GOODS, PURCHASES, SALES, RETURNS, STOCK
 
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CA - BASICS OF ACCOUNTING TERMS PART 8 - GOODS, PURCHASES, SALES, PURCHASE RETURNS, SALES RETURNS, STOCK - KRFS CA ACADEMY CHARTERED ACCOUNTANT Education is an important medium of acquiring skills and knowledge. Our education begins at home. Thereafter, as we grow we go to schools, colleges and other educational institutes. Education bring positive changes in human life. It enhances the knowledge, skill, and intelligence of a person and enables him to lead a successful life. Children or kids start going to school to get the primary or elementary education. It is considered a human right for every child to get the opportunity for education. School education lays the foundation stone for the child’s future. A girl child is as important as a boy child. She too has the right to go to schools. Her rights to access education should not be compromised at any cost After completing education at schools, a student may consider joining a college, or a professional institute for higher studies. He can acquire a bachelors or a masters degree, or he can join a professional institute to acquire expertise in specific discipline. Education makes us humble. Education creates awareness and expands our vision. We become more aware about our-self, about the society, about everything that surrounds and affect our life.It helps us develop a disciplined life. And, discipline is essential for everything that a person wants to achieve in life.An educated person commands respect in the society.Education enables us to earn our livelihood. Education empowers us to get a good job.We need money to make our living. With the advancement of science and technology, our needs have increased. Besides the basic needs of life such as food, shelter and clothing, we also need other comforts such as mobile phones, air-conditioners, car, etc. A fulfilling career ensures a satisfied life.It is a known fact that an educated person gets better earning opportunities. After completing education, we can consider starting your own business. We can also become a consultant in the area of our expertise.The study of computer science, software, and information technology will empower us to make a choice in the field of fast growing IT and internet industry.We can help illiterate adults to learn the basic skills of reading, writing and arithmetic. A student must be familiar with the history, geography, religion, culture and tradition, through general education. Therefore, general education should aim at educating all students up to the secondary standard. Thereafter, depending upon the aptitude of the student, he should either opt for advanced academic education or join a vocational training institute for skill-based training., General Knowledge Questions and Answers given here. Practise the free General Knowledge tests. Check the latest GK Questions daily, weekly& update, General Knowledge questions and answers with explanation for Bank, SSC,UPSC and Competitive Exams. Practice online GK quiz for Free, General Knowledge 2016: Find GK Questions Answers (General Knowledge Quiz), General Studies / General Awareness for all competitive exams Here., General Knowledge (GK) , General Awareness and Current Affairs 2016 with Daily Current Affairs Quiz, Daily GK Quiz, News and Analysis for UPSC ,IAS, IBPS online study free online education free education education channel online learning online study point education adda online education courses online education business study iq education study iq online guruji education guruji golden era education what is online education shivam online education at education online jobs education for you tricky math education adda wifi study online preparation ama online education next exam career planet computer education
Views: 186 RECTV EDUCATION
Purchase Order Entry, Receipt, Return and Requisition [DEMO]
 
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Learn about Blue Link's Purchase Order functionality and specifically how to manage purchase order entry, review, receipt, returns, and requisition, as well as how to factor in landed costs with purchase orders. Ready to improve your business processes? www.bluelinkerp.com About Blue Link ERP Software: Blue Link ERP provides integrated inventory and accounting ERP software for small-medium size businesses and is best suited for those in the wholesale and distribution industry. As an all-in-one system, we help businesses streamline and automate their processes by providing inventory management, accounting, order entry, warehouse management, and customer relationship management. In addition, Blue Link provides various optional components such as eCommerce integration, barcode scanning, POS, lot tracking and landed cost tracking, and can be customized in order to meet the specific needs of clients. Blue Link ERP is offered as both a hosted (cloud-based) and on-premises solution. Follow us on social! Facebook: https://www.facebook.com/BlueLinkERP/ Twitter: https://twitter.com/BlueLinkERP LinkedIn: https://ca.linkedin.com/company/blue-link-associates-limited Google +: https://plus.google.com/+BlueLinkERP
Cost of Goods Sold (COGS) Formula | Calculation | Definition | Example
 
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Cost of goods sold Cost of goods sold, sometimes abbreviated as COGS or called "cost of sales". Definitions The cost of goods sold (COGS) is any direct cost related to the production of goods that are sold or the cost of inventory you acquire to sell to consumers. It does not include overhead expenses related to the general operation of the business, such as rent. Cost of goods sold is reported on a company's income statement. Cost of goods sold that measures the direct costs incurred in producing products that were sold during a period. To like us on Facebook, visit https://www.facebook.com/accountingPlusS/ Subscriber: https://www.youtube.com/accountingplus The simplest way to Definition cost of goods sold is the cost of the merchandise that a retailer, distributor, or manufacturer has sold. The cost of goods sold is the cost of the merchandise that a retailer, distributor, or manufacturer has sold. Let me explain this definition, Let say a manufacturer has sold its merchandise to a wholesaler. Then the cost of the inventory for the Manufacturer become a cost of goods sold. But distributor or wholesaler who bought this merchandise. Then cost of the merchandise become a current asset for a wholesaler. When wholesaler will sell this merchandise to a retailer. Then the cost of the inventory for the wholesaler will become a cost of goods sold. This merchandise will become a current asset for the retailer. After understanding the core concept of cost of goods sold. Now we are going to look the nature of cost of goods sold the account. Whether it an asset account or Expense account or Revenue account. The cost of goods sold in an expense account. The cost of goods sold is reported on the income statement and can be considered as an expense of the accounting period. By matching the cost of the goods sold with the revenues from the goods sold, the matching principle of accounting is achieved. The important point in this definition is that when anybody sale its inventory, then cost of the inventory will become a cost of goods sold only. Otherwise, it will remain as a current asset. Cost of goods Sold Formula Cost of goods Sold example We have a lot of formulas to find Cost of goods sold. I will discuss with you one by one. Gross profit is equal to sale less Cost of goods sold. Sometimes, we use this formula to calculate the cost of goods sold. We know that Cost of goods sold is equal to sale less gross profit. Another formula, We use to calculate Cost of goods sold. In this formula, Cost of goods sold is equal to opening inventory plus purchase less purchase returns less purchase discount plus freight-in less ending Inventory. In the statement’s form, we will start with opening inventory plus with purchases and freight-in costs and less purchases returns and purchases discounts. When we will add net purchases with opening inventory the balance amount we will say the cost of goods available for sale. Then we less ending inventory with total and get cost of goods sold amount. After the understanding, the cost of goods sold definition and formulas. Now, I will explain this important concept with the help of examples. Let say a shopkeeper had bought 100 footballs for $30 each. One football player comes and bought 10 footballs for $50 each. If we will calculate the cost of sale (COGS) for Shopkeeper as follows. Sales (10 x 50) Less: Cost of goods sold (10 x 30) Gross profit When Shopkeeper will multiply 10 sales footballs with sale price $50. The shopkeeper will get sales amount $500. When shopkeeper will multiply 10 sale football with football cost $30. He will get the cost of goods sold amount $300. When sales amount $500 less cost of goods sold amount $300. We will get gross profit amount $200. When the shopkeeper sales football to football player then cost the football become an expense and charge to cost of goods sold. The remaining 90 football keep in inventory. We know that inventory is also part of current assets. The current assets are shown on balance sheet only. So, the remaining 90 football cost will show on the balance sheet of the shopkeeper only. Let me explain another example, XYZ a company has Beginning inventory $100,000, New purchases $450,000 and Ending inventory $35,000. Here is how to find the cost of goods sold for XYZ company. In this situation, we will add Beginning inventory $100,000 with New purchases $450,000 and less Ending inventory $35,000. We will get the cost of goods sold amount $515,000. Today, I will explain to you cost of goods sold definition, a core concept of cost of goods sold, and also explain with the help of examples.
Views: 2748 Accountingplus
Manager SE - Inventory Transactions: Returns
 
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Overview of the inventory part return options and reporting
Views: 2776 Mitchell 1

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