Financial Accounting – Merchandising Transactions

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Coupon Online Course Details

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

Requirements

• We should have a basic understanding of financial accounting and debits and credits.

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