What activities are unique to merchandise businesses

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Reference no: EM131499925

Discussions

Please make sure each response is at least 100 words and if you would like the reading material I was given, just let me know

• What activities are unique to merchandise businesses?

• How does management account for the additional task unique to a merchandise operations?

• What are the pros and cons of reversing entries?

• Describe some of the aspects of sales under a perpetual inventory system.

• What are the closing entries? What is the purpose?

• What are the calculations and major components of cost of goods sold?

• Identify differences in merchandise and service operations

• Interpret financial statement ratios.

Reference no: EM131499925

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