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Over-the-counter indicates to me that this is a type of Merchandising business. The accounting is really Merchandising Accounting. Accounts such as Revenue, Cost of Goods Sold, Inventory, all come into play.
Merchandising company's also use such things as FIFO or LIFO inventory to keep track of the merchandise they are selling.
Some examples of a Merchandising Company is Wal-Mart, Fry's Electronics, Grocery Stores, Clothing Stores, etc. These companies purchase "Inventory" at whole-sale prices, mark up the price to Retail, sales the merchandise and make profit off the difference. Whole-Sale price would be the COGS (cost of goods sold).
What else can I help you with?
What are the effects of a counter offer?
The effects of a counter offer can be a sale. A counter offer is a response to another offer. Usually the other offer was reasonable but was rejected. A counter offer was given in hopes of it being accepted and a sale being made.
What division of the Department of Health and Human Services was created in 1936 to regulate the development and sale of all prescription and over the counter drugs?
fda
How many energy drinks do you have to take to give you heart failure?
Energy drinks do not give you a heart failure. If they did, they would not be on sale over the counter.
Is dydrogesterone over the counter drug?
Dydrogesterone is available to people in over 100 countries worldwide, however in most countries it is not available for sale over the counter. The drug requires a prescription from a doctor because it is considered an extremely potent and powerful progestogen, which can have side effects. Speak to your doctor to get their advice on the matter.
What country sells modafinil over the counter?
Modafinil is a lowered scheduled drugs in most countries, which means it still caries penalties for sale or use without a prescription. Due to the risk of certain severe adverse skin reactions, modafinil is not available over the counter.
What is the value of a Winchester Model 2200 12 gauge shotgun?
resale value is quite low 100.00 private sale 200-225 over the counter
What over the counter nasal spray compares to nasonex?
No. Nasonex and similar products such as Flonase are steroids. The FDA does not permit the sale of steroid-based drugs over the counter and therefore they are only available by prescription.
What are some slogans for over the counter drugs?
Don't buy over the counter drugs... Buy over the counter PUGS! (DOGS)
Is ipecac over the counter medicine?
yes, ipecac is over-the-counter
Where can you find over-the-counter salsalates?
where can you find over the counter salsalates?
What is similar to clotrimazole over the counter?
what is similar to clotrimazole that i can get over the counter
Can you biy benzodizepine over the counter?
can i biy benzodizepine over the counter
