Available under Creative Commons-NonCommercial-ShareAlike 4.0 International License.
| LO3 – Analyze and record sales transactions for a merchandizer. |
In addition to purchases on account, a merchandizing company’s operating cycle includes the sale of merchandize inventory on accountor on credit as highlighted in Figure 5.3.
Figure 5.3 Sales and Collection Portion of the Operating Cycle
There are some slight recording differences when revenue is earned in a merchandizing company. These are discussed below.
- 1779 reads
