Accounting




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General Accounting Discussions: Trade in

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  1.  
    • CommentAuthorbob5568
    • CommentTimeSep 30th 2007
     
    Can anyone advise me how one accounts for the portion of revenue that a car dealership "earns" when a trade-in is received? Since the trade-in gets sold later, it can't be counted as revenue twice.

    Thanks for the help.

    Bob

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