Stephanie Zubiri for HUROM SLOW JUICER

One of the country’s reputable Chef, Lifestyle Columnist and Business Entrepreneur Ms. Stephanie Zubiri recently inked a contract of endorsement for Zinven International Corporation, the exclusive distributor of HUROM Slow Juicer in the Philippines.

A woman of style and substance, Stephanie’s reputation complements the endorsement for HUROM Slow Juicer, on how it is to get the best, natural nutrition for maintaining the balance in your lifestyle. The new paradigm in juicers, HUROM Slow Juicer has the patented Low Speed Technology System. Unlike blenders and traditional juicers which rips the nutrients, HUROM Slow Juicer’s Low Speed Technology System allows slow and gentle pressing out of the juice,  preserving  most of the nutritious enzymes, minerals, vitamins and flavors alive and well. HUROM Slow Juicer has continuous extraction system, operates on low-noise and is easy to clean and maintain. HUROM Slow Juicer is available at Rustans, The Landmark, S&R, Wilcon Builders and Shop TV. Like us on Facebook For Hurom Slow Juicer  product inquiries, call 9268009. Photo shows: (L) Cathy S. Dy, General Manager, ZInven International Corporation, and Ms. Stephanie Zubiri.


Installment sales method is used and allowed by General Accepted Accounting Principles (GAAP) when receivables are collected over an extended period of time, and when there is no reasonable basis for estimating the degree of collectibility. Revenue shall be recognized at the time of collection and installment sales method allows revenue to deferred and recognized each year in proportion to the receivables collected during that year.

We can determine gross profit rates for prior years and current year, recognition of gross profit, and determining deferred gross profit using the T-Account.

Determining gross profit rates:

Prior year sales: Deferred Gross Profit, beginning of current year / Installment Accounts Receivable, beginning of current year

Current year: Gross Profit / Installment Sales

Realized Gross Profit on installment sales = Collections X Gross Profit Rate or Installment Accounts Receivable (IAR), beginning of the current year less IAR, end of the current year equals Decrease in IAR less Defaults, unpaid balance (if any) equals Collections in current year multiply by Gross Profit Rate.

Deferred Gross Profit, end of the current year = Installment Accounts Receivable, end of the current year X Gross Profit Rate or Deferred Gross Profit before adjustment for RGP Less Realized Gross Profit on Installment Sales

Moreover, you can use the T-Account form in analyzing and solving problems related to Installment Sales in general.