Created by Zulaikha

46118025

Accounting
for merchandising
operations
01 Merchandising Operations
02 Merchandise
Recording Purchases of

Recording Sales of
03 Merchanside

04 Forms of Financial
Statements
 01
Merchandising
Operations
 Merchandising Companies
Buy and
sell goods

STEP 1 STEP 2 STEP 3

The primary source of
revenues is referred to as
sales revenue or sales

Wholesaler Retailer Consumen

 Sales Net
Revenue
Gross Income
Profit (loss)
Cost of
Goods Sold Operating
Expenses

Income Measurement
 02
Recording
Purchases of
Merchandise
Recording Purchases of Merchandise
Made using cash
or credit

Normally recorded
when gooods are
received

Purchase invoice should

support each purchase
—Journal Entry To Record The
Transaction

(Perpetual Inventory System)

Merchandise Inventory
accounts payable
 Purchase Return Purchase Allowance

Purchase Return And Allowances

 03
Recording Sales
of Merchanside
Recording Sales of Merchandise
Made for cash or
credit

Normally recorded when

earned, usually when goods
transfer from seller to buyer

Sales invoice should

support each seles
—Journal Entry To Record The
Transaction

(Two Journal Entries Of Merchandise)

Cash/Accounts receivable
Sales
cost of goods sold
Merchandise inventory
 04
Forms of Financial
Statements
Profit statement
Balance sheet
Cash Flow Statement
Inventory Report
THANKS