Section 4
Special Considerations for Merchandising Companies
Book
Version 3
By Boundless
By Boundless
Boundless Accounting
Accounting
by Boundless
3 concepts
Overview of Merchandising Operations
Merchandising is any practice which contributes to the sale of products to a retail consumer.
Recording Purchases
In merchandising accounting, purchases are the amount of goods a company buys in the course of a year, including the kind, quality, quantity, and cost.
Recording Sales
Net sales are gross sales minus sales returns, sales allowances, and sales discounts.