October 30, 2016 admin

Resale (HD Only)

Sales and Cost of Sales

RESALE (HD ONLY) ACCOUNT
4630

ACCOUNT EXPLANATION

Gross earned on heavy-duty trucks resold by dealerships with the Ford heavy-duty franchise only to regular-line Ford dealers.

*Refer to Chart of Accounts for current applicable Sales/Cost of Sales account numbers
TRANSACTIONS
  Jrnl. Dr. Cr.
  New HD truck purchased by an HD-franchise dealer and resold to a regular-line dealer for cash NV
    Cash Sales—Clearing 1010
      Resale (HD Only) 4630
             
  Incentive earned on resale
    Ford Receivables—Incentives 1170
      Resale Cost of Sales (HD Only) 4630
             
  Cost of Sales of HD truck resold to regular-line dealer VS
    Cost of Sales—Resale (HD Only) 4630
      Inventory—New Trucks 1310
COMMENTS
  • This account is to be used only by dealerships which hold the Ford Heavy-Duty Truck Franchise.