TAILIEUCHUNG - Lecture Principles of Accounting: A focus on analysis and interpretation (8th edition): Chapter 5 - Hillman, Kochanek, Barsky

Chapter 5 - Accounting for a merchandising business. This chapter presents the following content: Merchandising income statement, net sales, merchandise inventory systems, cost of goods sold: periodic, purchases,. | Merchandising Business Merchandising Income Statement Net Sales Cost of Goods Sold Gross Margin Operating Expenses Net Operating Margin Merchandising Income Statement Other Revenues and Expenses Net Income before Taxes Income Tax Expense Net Income Net Sales Sales Total or gross sales of merchandise Trade discounts Percentage reduction from list price Sales returns and allowances Reduction of price after sale Return of unacceptable merchandise Net Sales Sales Discounts Discount for payment within a stated period 2/10, n/30 2% discount if paid within 10 days Gross amount due in 30 days Net Sales Gross sales revenue Deduct: Sales returns and allowances Sales discounts Net sales revenues Merchandise Inventory Systems Periodic inventory system Determine cost of goods sold and inventory balance only at end of each accounting period Perpetual inventory system Determine cost of goods sold and inventory balance after each sale. Cost of Goods Sold: Periodic Merchandise inventory, beginning .

• Kế toán - Kiểm toán
• Principles of accounting
• Accounting information
• Lecture Principles of Accounting
• Merchandising business
• Merchandising income statement
• Merchandise inventory systems
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Accounting information systems
• Fundamental system principles
• Technology based accounting systems
• Financial accounting
• Managerial accounting
• Managerial cost
• Reporting manufacturing activities
• Merchandising operations
• Accounting cycle
• Completing the accounting cycle
• Classified balance sheet
• Accounting for partnerships
• Partnership form of organization
• Basic partnership accounting