It is important for both parties to know that if the goods are sold, the price of the item and the date of payment. It's also good to know what are the possible requirements applicable to the return of goods. Several companies provide their rates using different methods. Many dealers will offer a rule, the price they sell them to you. On the other hand, some dealers and manufacturers or wholesalers often quote their prices as a percentage of list price, usually around 30 percent or more, and this reduction as a trade I know. For example, if a little over $ 1,500 to trade at a discount of 30 percent or $ 450 requires the seller for sale from $ 1050, and the buyer is marked as $ 1050th Since then the seller can raise or lower the price, depending on the amount sold. The conditions of sale are usually on the sale of the bill and tell the nature of the terms of the agreement. In many industries the payment within a short time the purchase is expected. If it for 15 days on the bill "N/15" (net 15) or "N/20" (Net 20) that the debt is 15 or 20 days later. In most industries, is usually a discount offered for early payment. This kind of deals will sell as a discount, the feeling of increase, the seller is fluid connected by reducing the amount of money in financial assets. An invoice with a discount as 10.03, N/20 look ", which means that the buyer can pay within 20 days and receive a discount of 30 percent, or they can be paid within twenty days and pay full price. If you've noticed, the amount of the discounts because it is quite expensive from the seller, and two, to the customer, it seems that they do not get a bargain, even if they do. In some industries, the outlook for the seller to pay certain fees, and others not. An example is in the freight sector. FOB shipping point means in effect that the buyer pay for shipping. So if you buy something heavy and the purchase contract, FOB says it means that you are responsible for shipping costs. However, FOB destination means the opposite and that the seller of the shipping and transport costs, as it is delivered paid. Many retailers give shoppers the option of shipping to dome, the third service charge. The five most commonly used credit cards are:
- American Express
- Visa
- Discovery Card
- Diners Club
- Master Card
The customer credit by the creditor or credit card company and get a certain shiny plastic card to charge their purchases. Once the seller accepts the card, the account is automatically created and the seller gets money for her account. If the seller is offering a discount, the discount is recorded as an expense for the seller. One should not forget that the seller, every merchant transaction moves with money, and money is deducted, which was also covered as a burden. Let us not forget that you also have something known as freight, also called in. This is the transportation costs associated with the receipt of certain goods are combined, and is usually included in cost of goods sold. Many companies want the freight costs in the cost of the product, because a relatively small amount of money. Sometimes the buyer is expected that the charge in pay and it is recorded as an increase in liabilities. Even if the seller delivered a return of experienced due to wrong item, or a damaged and / or products of lower quality than the buyer a cash refund or credit deposited into your account issued. The returned goods are purchased from the inventory account is deleted under the perpetual system. Sometimes sellers will pay the delivery or freight-out costs in the hope that they can increase sales. These costs are in the hold of the charges collected or generally known as delivery. This is considered a selling expense in the profit and loss account. If a customer is dissatisfied with a product, they go back in general and those costs are sales and payments account, which is more flexible to better assess the products to keep and what to dispose of collected offers. This account debits the sales from the profit and loss account. A company may have merchandising incorrect data, and experienced a huge loss of profits if they do not have reliable accounting. Management is the one I am responsible for the production of the system of internal control. Internal control is a policy that a government will act to ensure that financial information is reliable. This is the process that the government should protect their assets. It also confirms that employees who have fulfilled the legal requirements so they may not be the best job for the company. Since the managers are the ones in the bill structure of the company's objectives and progress of the "Management Report" of a company's annual report to shareholders to report. To be successful with the internal control, management of the five parts of the system of internal control. They are: control environment, risk assessment, information and communication, control activities and monitoring. Control environment is concerned with the attitude and actions of management.It also includes the management of ethics, integrity and philosophy. The staff are also trained and experienced in participating in. The risk assessment is the analysis of risks to the environment and how to control them. These thieves are screening in a store or employees who steal from a company expected. Next, information and communications correlates with the records management and reporting through the creation of intermediary for transactions of a company. Control activities, constraints, the administration is to ensure that the instructions correctly. Finally, the management of regular review to ensure that all policies are enforced.
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June 2nd, 2010 | 
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Posted in Enterprise Management