Examlex
Explain the rules regarding totals and subtotals in the construction of text tables.
Sales
The transactions involving the exchange of goods or services for money.
Accounts Receivable Turnover
A financial metric that measures how many times a business collects its average accounts receivable amount within a period, indicating the efficiency of credit and collections.
Net Sales
The total revenue from sales transactions after deducting returns, allowances for damaged or missing goods, and any discounts offered.
Allowance Method
An accounting technique used to estimate and account for bad debts, where a portion of receivable accounts is deemed uncollectable.
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