Computations
Additional Calculations
This calculates the difference between additions to income and deductions from income to determine the net additions and deductions.
Example:
|
Additions to income: Account 902, Bad Debts Recovered + Account 903, Cash Discounts Earned + Account 909, GM Reimbursements + Account 910,Document Handling Fees
|
$3,000 $200 $12,000 $10,000 $5,000 |
|
= Total Additions to Income |
$30,200 |
|
Less Deductions from Income: |
$0 $1,500 $17,500 |
|
= Total Deductions from Income |
$19,000 |
|
Total Additions to Income minus Total Deductions from Income = Net Additions and Deductions |
$11,200 |