NET CASH PAYMENT Flashcards

1
Q

Invoice price of merchandise sold or purchased XXX

A

Less: Invoice price of merchandise returned (XXX)

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2
Q

Less: Invoice price of merchandise returned (XXX)

A

Net invoice price XXX

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3
Q

Net invoice price XXX

A

Less: Sales or Purchase discount

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4
Q

Less: Sales or Purchase discount

A

Total collection or payment before freight XXX

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5
Q

Total collection or payment before freight XXX (If the term is FOB Destination, freight collect)

A

Less: Freight paid by the buyer

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6
Q

Total collection or payment before freight XXX (If the term is FOB shipping point, freight prepaid)

A

Add: Freight paid by seller -

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7
Q

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

A

Total Cash Collection or Payment after freight XXX

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8
Q

What’s first again?

A

Invoice price of merchandise sold or purchased XXX

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