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in store use - cash cale / credit memo for trade in's

edited Jun 20, 2011 6:28PM in Accounting / ERP 9 comments

I run a store and sometimes we accept trade in's. How do I use a cash sale and then deduct the trade in? I have previously did a cash sale for the new stuff and then a credit memo for the traded in merchandise to show the items coming into my inventory and also the total $ adjustment. Is that the correct method?

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