Thank you so very nice for the very, very nice comment. I truly appreciate it. And thank you for viewing my video. I hope it was helpful! Very best regards, Mike.
Hi Ms. Aulia. I am so happy you found the video useful! Thank you for your comment and kind words! I hope I get more views too! It takes time to build up views and "Likes" and comments like the one you made are most helpful. Again, thank you. I wish you a Happy New Year and very best regards, Mike
Hi Has. I just saw this comment and I'm not sure if I replied or not. Just in case I didn't, you are most welcome! I thank you for watching my video and for your comment. Please comment if you have any questions and to keep in touch! Best regards, Mike Werner
Thanks you sir but I have a question. When calculating product cost, what returns and discount are deducting. Are they return outward or return inward, discount received or discount allowed. Thanks
Hi Kayiza. Thank you for another comment and for your question. When calculating product cost, the returns that should be deducted are the product returns from the company to the supplier of the product. And the discounts that are deducted from product cost are the discounts that supplier of the product provides to the company. Returns from customers to the company and discounts provided to customers are not factored into product cost, but rather these amounts are deducted from sales revenue to arrive at net sales. I hope this information is helpful, but if further clarification is needed, please let me know in the comments. Keep in touch, Kayiza! Best regards, Mike Werner
