What is the retail method of accounting

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What is the retail method of accounting? Why is the retail method of accounting commonly used for apparel and other fashion/seasonal goods? What is the fundamental purpose of a merchandise budget? In retail settings, why does a reduction of price also reduce the total value of the inventory?

Reference no: EM131228806

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What is the retail method of accounting : What is the retail method of accounting? Why is the retail method of accounting commonly used for apparel and other fashion/seasonal goods? What is the fundamental purpose of a merchandise budget? In retail settings, why does a reduction of price als..

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