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Gross Method (of Recording Sales) Definition | Becker

Accounting Dictionary

Gross Method (of Recording Sales)

The gross method of recording sales records sales without regard to an available cash discount. If payment is received within the discount period, a sales discount (contra?revenue) account is debited to reflect the cash discount. See also cash discount and net method (of recording sales).

Related Terms:

Cash Discount [FARBAR]Net Method (of Recording Sales) [FAR]Back to Dictionary

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