TAILIEUCHUNG - Lecture Accounting fundamentas (7e): Chapter 12 - Curran

Chapter 12 - Introduction to merchandising businesses: Purchases. After completing this chapter, students will be able to: Apply the procedure for checking the accuracy of invoices; use an unpaid invoice file; explain the difference between FOB shipping point and FOB destination; demonstrate the procedure for handling purchases returns and allowances; compute purchases discounts. | CHAPTER TWELVE INTRODUCTION TO MERCHANDISING BUSINESSES: PURCHASES 1. Apply the procedure for checking the accuracy of invoices. 2. Use an unpaid invoice file. 3. Explain the difference between FOB shipping point and FOB destination. 4. Demonstrate the procedure for handling purchases returns and allowances. 5. Compute purchases discounts. INTRODUCTION TO MERCHANDISING BUSINESSES: PURCHASES Objectives: 12- Purchasing Merchandise Businesses that purchase merchandise must have orderly procedures for checking the accuracy of invoices and for making prompt payments. 12- Transportation Charges When a business purchases merchandise, it may be required to pay transportation charges from the supplier’s warehouse. These charges are an added cost of the merchandise. 12- Purchase Returns and Allowances When a business returns goods or receives an allowance, there is a decrease in the cost of its merchandise purchases. 12- Purchase Discounts Cash discounts are called sales .

• Kế toán - Kiểm toán
• Accounting fundamentas
• Lecture Accounting fundamentas
• Nguyên lý kế toán
• Merchandising businesses
• Unpaid invoice file
• Purchases returns
• Trial balance
• Accounting errors
• Accounting terminology
• Accounting for purchases
• Purchases discounts
• Freight in
• Accounting equation
• Balance sheet
• Principles of accounting
• Analyze business transactions
• Net income
• The worksheet
• Financial statements
• Business transactions
• Closing the ledger
• Closing entries
• Postclosing trial balance
• Accounting cycle
• Accounting for sales
• Sales discounts
• Sales returns
• Purchases journal
• Recording transactions
• Worksheet adjustments
• Uncollectible accounts
• Owner’s equity accounts
• Form of accounts
• Account balances
• Expense accounts
• Recording revenue
• Transaction analysis
• Income statement
• General journal
• Chart of accounts
• Business’s transactions
• General ledger
• Posting reference
• Correcting errors
• Charge account
• Cash discount
• The sales journal
• Special journal
• Cash receipts journal
• Memorandum entry
• Cash payments journal
• Cash purchases
• Accounts receivable ledger
• Accounts receivable
• Statement of account
• Accounts payable ledger
• Schedule of accounts payable
• Notes payable
• Goods sold
• Cost of goods sold
• Ten column worksheet
• Classified balance sheet
• Adjusting entries
• Banking procedures
• Deposit slips
• Check stubs