NET CASH PAYMENT Flashcards
Invoice price of merchandise sold or purchased XXX
Less: Invoice price of merchandise returned (XXX)
Less: Invoice price of merchandise returned (XXX)
Net invoice price XXX
Net invoice price XXX
Less: Sales or Purchase discount
Less: Sales or Purchase discount
Total collection or payment before freight XXX
Total collection or payment before freight XXX (If the term is FOB Destination, freight collect)
Less: Freight paid by the buyer
Total collection or payment before freight XXX (If the term is FOB shipping point, freight prepaid)
Add: Freight paid by seller -
Less: Freight paid by the buyer -(If the term is FOB Destination, freight collect) (XXX)
Add: Freight paid by the seller - (If the term is FOB shipping point, freight prepaid) XXX
Total Cash Collection or Payment after freight XXX
What’s first again?
Invoice price of merchandise sold or purchased XXX
