How do I calculate credit sales on the income statement?

submitted by t bk

joepepsi

You take the total sales for the period and then subtract any sales that were paid in cash. The remaining sales are the credit sales.

swig

You can only make sales on cash or credit, so look at your total sales and subtract your cash sales.

prison mike

Look at your total sales for the period and subtract any cash sales. Or, if you have a sales journal, just pick out the sales made on credit.

Credit Sales = Total Sales - Cash Sales.