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Net is the final figure after you've taken expenses off.
For instance net wages is wages after tax and other deductions.
Net interest is after tax is taken off.
Net profit is gross profit after overheads have been deducted.
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What does retail mean in accounting?
Net value of an item
What does debit mean in accounting terms?
take away from
What does appreciation mean in accounting terms?
Great value.
What does Terms - Net mean on an invoice?
I understand that "Net 30" means "due in 30 days" (Net15 & Net60 mean due in 15 or 60 days, respectively, etc), but sometimes invoices simply say "NET" with no number. In my accounting classes (25 years or so ago) I was taught that "NET" means "NET 30", so I have always assumed this to be the case. Recently a vendor demanded payment for an invoice with "NET" terms that was less about 2 weeks old. He contended that "NET" means "due immediately" Who's right?
What is 2 15th prox net 30 terms?
The term 2 15th prox net 30 terms is an accounting term indicating when payment is due. The payment for this would be that half is due on the 15th of the month and the balance due in 30 days.
What does retail mean in accounting?
Net value of an item
What does debit mean in accounting terms?
take away from
What does appreciation mean in accounting terms?
Great value.
What does Terms - Net mean on an invoice?
I understand that "Net 30" means "due in 30 days" (Net15 & Net60 mean due in 15 or 60 days, respectively, etc), but sometimes invoices simply say "NET" with no number. In my accounting classes (25 years or so ago) I was taught that "NET" means "NET 30", so I have always assumed this to be the case. Recently a vendor demanded payment for an invoice with "NET" terms that was less about 2 weeks old. He contended that "NET" means "due immediately" Who's right?
What does the abbrevition'NOCG' mean in accounting?
NOCG for cash flow analysis is Net Operating Cash Generated.
What is 2 15th prox net 30 terms?
The term 2 15th prox net 30 terms is an accounting term indicating when payment is due. The payment for this would be that half is due on the 15th of the month and the balance due in 30 days.
What does CO PG mean in accounting terms?
There are a number of things that CO PG may mean in accounting. In most cases, these are used to mean controlling page. The meanings may vary depending on the context.
What is Dr and Cr stnd for?
In accounting Dr stands for Debit Cr stands for credit the terms literally mean Debit (left side of the accounting equation) Credit (right side of the accounting equation)
What does duality mean in accounting terms?
Every transaction has a dual effect (where the money came from, where the money goes to).
What does Net 30 Prox mean?
The phrase Net 30 prox is used in the accounting field. It means that a buyers payment is due 30 days from the day they receive the shipment.
What does it mean for a customer if they purchase 250.00 worth of supplies on the 3rd day of the month and terms are net 30 days?
What does it mean for a customer if they purchase $250.00 worth of supplies on the 3rd day of the month and the terms are Net 30 Days?
What does it mean for a customer if they purchase 250.00 worth of supplies on the 3rd day of the month and the terms are Net 30 Days?
What does it mean for a customer if they purchase $250.00 worth of supplies on the 3rd day of the month and the terms are Net 30 Days?
