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26 February, 19:29

The unearned discounts represents a loss in collections from accounts receivable, which is what percent of accounts receivable? %

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  1. 26 February, 21:12
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    The percentage of non-discounted sales

    Explanation:

    To find out the percent of account receivable we will have to carry out the following mathematical calculations:

    1. The amount of discount given of on the total sales:

    Discount % on a single product multiplied by the total sales.

    2. Total sales minus the answer in 1 will give us the amount receivable.

    Total sales minus total discount given.

    3. Divide the answer in 2 by total sales and then multiply by 100.

    Account receivable % = Total sales - (total discount given) * 100

    Total Sales
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