Content Principle of Permanence of Method What are some critiques of accounting principles? Generally Accepted Accounting Principles This is the concept that a business will remain in operation for the foreseeable future. This means that you would be justified in deferring the recognition of some expenses, such as depreciation, until later periods. Otherwise, you would […]

Content How to calculate net sales Understanding Net Sales Using Net Sales And Gross Sales Tracking Net Sales and Cost of Sales Get a free trial to test out and track sales metrics Gross Profit vs Net Profit – How are they different Gross sales can be defined as the sum-total of the sales that […]