资源描述：
《会计学原理英文ppt课件Chapter_05AccountingforMerchandisingOperations.docx》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。
1、ÅCCOUNTINGFORERCHANDISINGOPERATIONSChapter52009Th•McGraw—HillComputøs›ERVICECOMPANIESServiceorganizationsearnrevenue.Examples:Accountingfirms,lawfirmsandMinusRevenuesplumbingservicesExpensesNetincomeMcGraw-Hilf/IrwinMERCHANDISINGÅCTIVITIESMerchandisingCompani
2、esMcGraw-Hilf/IrwinMerchandisingCompanyIncomeStatementForYearEndedDecember31,2009REPORTINGINCOMEFORAMERCHANDISERMerchandisingcompaniessellproductstoearnrevenue.Examples:sportinggoods,clothing,andautopartsstoresNetSalesMinusCostofGoodsSoldNetsales$150,000Costo
3、fgoodssold80,000Grossprofit$70,000Operatingexpends46,500Netincome$23,500McGraw-Hilf/IrwintQPERATINGCYCLEFORAMERCHANDISERBeginswiththepurchaseofmerchandiseandendswiththecollectionofcashfromthesaleofmerchandise.CashsalesMcGraw—Hill/IrwinPurchasesMerchandiseinv
4、entoryCashcollectionAccountreceivablePurchasesCreditsalesMerchandiseinventorySlideoINVENTORYÛ›YSTEMSMcGraw-Hilf/IrwinPERPETUALANDPERIODICINVENTORYSYSTEMSMcGraw-Hilf/IrwinERCHANDISEPURCHASESOnNovember2Z-Martpurchased$1200ofmerchandiseinventoryforcash.Nov2Me
5、rchandiseInventoryCashPurchasemerchandiseforcashD.1,2001,200McGraw-Hilf/IrwinTRADEIISCOUNTSUsedmanufacturersandwholesalerstoofferbetterpricesforgreaterquantitiespurchased.Z-Martoffersa30°otradediscountonordersot1,000unitsormoreoftheirpopularproductRacer.EachR
6、acerhasalistpriceof$5.25.QuantitysoldPriceperunitTotalLess30%diuountInvoiceprice1,000$5.255,250(1,575)$3,675McGraw-Hilf/IrwinInvoiceMcGraw—Hill/IrwinMoranSource,Inc.614Name:Barbae,Inc.Attn:TomBellAddress:OriaWillowPlazaCookavllla,TannersRSeller&InvoicedateOP
7、urchaser&OrderdateeCreditterms&FreighttermsMcGraw—Hill/IrwinSalaeperw›4/25/2005#25TarmeFreightFOB0eSinadon250BackupSy&emShlpViaFed6TotalinvoiceMcGraw—Hill/IrwinMcGraw—Hill/IrwinWeappreciateyourbutnewsSubTotalShipChg.McGraw—Hill/IrwinPURCHASEIISCOUNTSAdedu
8、ctionfromtheinvoicepricegrantedtoinduceearlypaymentoftheamountdue.DiscouIPeriodCreditPeriodDue:InvoiceDue:FullInvoicePricepriceminusdiscountCfédltTermsTimeAmountDueDateofInvoiceMcGraw-Hil
