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  • Merchandising (DLP)

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    Renon Oliver
    25 views20 pages
    The document outlines the accounting cycle which includes journalizing transactions, posting to ledgers, preparing trial balances, making adjusting entries, preparing financial statements including the income statement, capital statement, balance sheet, and cash flow statement, and closing entries. It also discusses merchandising, types of journals like general, combination, and special journals, and provides a sample transaction for a merchandising company purchasing inventory and making a sale.

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    DLP

    Original Title

    merchandising(DLP)

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    The document outlines the accounting cycle which includes journalizing transactions, posting to ledgers, preparing trial balances, making adjusting entries, preparing financial statements including the income statement, capital statement, balance sheet, and cash flow statement, and closing entries. It also discusses merchandising, types of journals like general, combination, and special journals, and provides a sample transaction for a merchandising company purchasing inventory and making a sale.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    25 views20 pages

    Merchandising (DLP)

    Uploaded by

    Renon Oliver
    The document outlines the accounting cycle which includes journalizing transactions, posting to ledgers, preparing trial balances, making adjusting entries, preparing financial statements including the income statement, capital statement, balance sheet, and cash flow statement, and closing entries. It also discusses merchandising, types of journals like general, combination, and special journals, and provides a sample transaction for a merchandising company purchasing inventory and making a sale.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 20

    Fundamentals of

    Accountancy,
    Business, and
    Management 1
    Accounting Cycle
    1. Journalizing Transactions
    2. Posting to Ledger or Ledgering
    3. Prepares Unadjusted Trial Balance
    4. Adjusting Entries
    5. Prepares Adjusted Trial Balance
    6. Preparation of Financial Statements
     Income Statement
     Capital Statement
     Balance Sheet
     Cash Flow Statement
    7. Closing the books / Closing Entries
    8. Prepares Post Trial Balance
    MERCHANDISING
    •the practice and process of buying
    and selling products to customers.
    Types of Journals
    • General Journal
    • Combination Journal
    • Special Journal
    Cash Receipt Journal
    Cash Payment Journal
    Purchase Journal
    Sales Journal
    Service VS Merchandising
    On May 9, 2022, ABC company purchased merchandise worth
    Php 20,000 from Samsung.
    On May 15, 2022, ABC company sold merchandise
    worth Php 25,000 to Bentong.
    Sample for the New Account Titles

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