To calculate net accounts receivable, you need: total accounts receivable, allowance for doubtful accounts, and sales returns and allowances. Calculating net accounts receivable involves subtracting allowances and discounts from the total accounts receivable.(E) The records should be complete and adequate and all sales and purchases should be properly accounted for in the records. Here is the AR turnover formula: Accounts Receivables Turnover Ratio. Funds received from the Los Angeles County Metropolitan Transportation Authority. The trailers are built out-of-state and delivered in California. You may click on one or more of these buttons as you fill out the form at any time. You don't have any Studylists yet.