When an item is sold it is important that both parties know what the price of the item and the timing of payment is. If there is a provision that applies to the return of goods, it is also good to know what it is. Another company quotes the price using various methods. Many merchants generally quote prices that they sell it. On the other hand, some merchants such as manufacturers or wholesalers usually price their prices as a percentage of their catalog's price, generally around 30%, for example, 30% as something $ 1,500 or $ 450 trade discount and list If so, the seller will write the sale as $ 1050, the buyer will note it as $ 1050, from which the seller can raise or lower the price according to the quantity being sold. Sales conditions are usually stated on the sales invoice, and the type of condition is stated in the contract. In many companies payment is expected within a short time of purchase. If it is a 15th day, the invoice has "n / 15" (net 15) or "n / 20" (net 20) and the amount will be after 15th or 20th. Discounts are usually provided for early payment in most companies. This type of discount has a purpose to increase the seller by reducing the amount of money associated with the accounts receivable, an invoice with a discount called a sale discount, the purchaser within 3 days It may look like "3/10, n / 20" which can receive payment and 30% discount. If you are aware that the amount of discount is decreasing, one is to the very expensive seller, and to the customer, even though they may be in some industries, the seller It is expected to pay some fee. An example is the cargo industry. FOB shipping point basically means that the buyer pays all shipping costs. So if you buy something heavy, the sales contract says FOB and you are in charge of the shipping fee. However, the destination of FOB is opposite, meaning that when delivered, the seller will pay for shipping and shipping costs. Many retailers will give buyers the opportunity to charge shipping costs to the dome type of service of the third division. Tsutsu niece "Tsuzu" Tsuzuki Tsuzuki:
American Express
Mebiza
Disability card
Diners Club
MasterCard
Customers are trusted by creditors or issuers of credit cards and shiny plastic shoppers to satisfy the purchase will accept the card, the invoice will be prepared automatically and the seller will be able to spend money on their account I will accept it. If the seller offers a discount, the discount is charged to the seller as an expense. The seller merchant also deducts the money for each transaction and that something that is known as a cargo also reminds that that deducted money is also recorded as an expense Let's not forget, also called transportation. This is the shipping cost related to receiving a specific item and is included in the cost of products sold generally. Many companies prefer to include the cost of goods and the cost of goods as it is a relatively small amount of money. Sometimes buyers are expected to pay cargo and are reported as an increase in accounts payable. Also, if the seller has experienced a return of the wrong item shipped due to, or damaged / poor quality products, then the buyer cash or in his or her account permanent system the purchased item returned is the item stock account It will be deleted from. Sometimes the seller pays for delivery or cargo expenses that he wishes to raise their sales. These costs are collected at the cargo cost or are generally known as the delivery costs. This will be displayed as selling expense on the income statement. If the customer is dissatisfied with the product, usually return it, these expenses gather at the return of sale, and this account deducts sales from the income statement to keep what product and what products. Md company records accounting incorrectly etc. Experience the accounting record of reliability leading to big loss profit. Management is what I charge to make a system for internal control. Internal control is a policy that management will take action to confirm that financial information is reliable. This is the process necessary for management to protect assets. In addition, it may be possible for the company to do the best job by confirming that the employees comply with the legal requirements. Because the manager is the charge of the structure of the business, they must report shareholders their own goals and progress to "report management" of the company's annual report In order to realize internal control, I use five parts of internal control. They are the control environment, risk assessment, information communication, control activities, and monitoring. The control environment deals with the overall attitude, and the actions of the management system. It also includes management ethics, integrity and philosophy. Employees should also be properly trained and very familiar with their participation areas. Risk assessment is to analyze environmental risks and how to monitor them. This includes screening thieves at retail stores or employees who may steal from the company. Next, by establishing management and reporting the company's transactions, information and communication correlates with the accounting system. Control activities are constraints for management to ensure that instructions are being executed properly. Last year, confirming periodic evaluation of monitoring, all policies will be implemented.
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