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How to Evaluate the Various Inventories of the Automobile Dealership
The Income and Expense Section Explained
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Accessories Department account includes account on line account represents account titled Accounts Payable Accounts Receivable amount entered Asset accounts Asset side automobile average month's Balance Sheet body shop capital car department cars and trucks cars sold cash COMMENTS Cost of Sales creditor Current Assets Current Liabilities Current Month customers Date dealer's cost dealership operations deducted depreciation determine divide earned entered on line excessive figure finance agency finance company financial statement analysis financial statement form Fixed Assets Fixed Expense Fixed Gross Profit Fixed Net Loss Fixed Overhead Expense fleet sales floor planned Formula liability side line 12 line 27 line 30 line 78 MEASUREMENT GUIDE operating departments Operating Profit past due Payable percentage profit or loss reconditioning retail Retained Earnings salaries sample financial statement SCALING VALUE Service Department shown on line subtract total of lines trade-ins Truck Department Variable Gross Profit Variable Net Profit Variable Selling Expense vehicle sales