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Financial Accounting – Merchandising Transactions

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Financial Accounting – Merchandising Transactions

Financial Accounting – Merchandising Transactions, Merchandising transaction including purchase and sale of inventory, discounts, and returns.

Created by Robert (Bob) Steele

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What Will I Learn?
  • Accounting fundamentals reveiw
  • Merchandising transactions
  • Record purchase of merchandise
  • Record the sale of merchandise
  • Perpetual and periodic inventory systems
  • Sales discount and purchase discount
  • Inventory shrinkage and sales returns
  • Financial statements for a merchandising company
  • Comprehensive problem of the entire accounting cycle
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