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When merchandise is purchased to resell to customer's it is recorded in the account entitled?
Wiki User
∙ 10y ago
merchandise inventory
Wiki User
∙ 10y ago
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Assets purchased for resale are recorded in which of the following accounts?
Merchandise Inventory
How should a return of merchandise purchased on account be recorded?
As a debit to the accounts payable account and a credit to the purchases returns and allowances account
Is a trade discount on a purchased merchandise recorded in the accounts?
Trade discounts are not entered in the accounting records. They are not considered to be a part of the sale because the exchange agreement was based on the reduced price.
Is inventory shrinkage recorded as an expense?
As a reduction to merchandise inventory
When purchasing merchandise for resale what journal is the transaction recorded in?
journal
Assets purchased for resale are recorded in which of the following accounts?
Merchandise Inventory
How should a return of merchandise purchased on account be recorded?
As a debit to the accounts payable account and a credit to the purchases returns and allowances account
Is a trade discount on a purchased merchandise recorded in the accounts?
Trade discounts are not entered in the accounting records. They are not considered to be a part of the sale because the exchange agreement was based on the reduced price.
Inventory shortage is recorded when?
merchandise is returned to seller
Is inventory shrinkage recorded as an expense?
As a reduction to merchandise inventory
When purchasing merchandise for resale what journal is the transaction recorded in?
journal
In a perpetual inventory system a return of defective merchandise by a purchaser is recorded by crediting what?
inventory
In which special journal would a purchase of merchandise for cash be recorded?
A company that uses special journals should record a transaction involving the purchase of merchandise for cash ia a: Answer: Cash Payments Journal
Cash received from customers as payment for their bills is recorded by a?
cash discount
In which journal is the return of supplies purchased on account recorded?
General Journal
Can you burn something onto pre-recorded CD?
No, not if it is a purchased 'pressed' CD.
Real time tracking of customers actions?
Every action a customer makes when visiting a transactional website may be recorded. A database on the website server will store every item purchased or deleted. Real time means that actions are recorded instantly they occur. It is important for businesses to know customers' preferences and habits in order to best market their products. Details may also be stored about where the customer lives, how long they stay on line, what operating system they are using, what time of the day etc.
