ACCT 201 at Towson University

5. Transportation In

in Topic 5 (Video 5 of 11)
Transportation in matters, but transportation out never really gets talked about. What's the deal with that?

This Video Mentioned Some Formulas

Sales Revenue
– Sales Returns and Allowances
– Sales Discounts
Net Sales
Purchases
– Purchase Returns and Allowances
– Purchase Discounts
Net Purchases
+ Transportation In
Cost of Goods Purchased

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