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         Retail Prices, Use Actual Sale Price
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Retail Prices, Use Actual Sale Price

Retail Prices, Use Actual Sale Price

Retail Prices, Use Actual Sale Price

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  • 000001.gif The Use Actual Sale Price option is only suitable for accounting firms that do not have access to their customers' complete records! The balance from these movements could differ from the actual value of stock by retail price!

     

    In this case the discount that the customer received on the retail price will not appear anywhere, because this information cannot be discerned from the daily proceeds. The actual value of the stock (by retail prices) and the value of the of the stock according to the commercial records report will therefore differ by the difference between the retail price in the Pricing and the retail price given to the customer (that is, the price minus any discounts). For an example of this type of commercial report, see Record on Retail Purchases and Sales by Daily Proceeds.

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