Download free eBooks at bookboon.comCurrent Assets © 2009 Larry M.. The Merchandising Operation - Sales 1.1 Sales 1.2 Sales Returns and Allowances 1.3 Trade Discounts 1.4 Credit Cards 1
Trang 1Larry M Walther; Christopher J Skousen
Current Assets
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Current Assets
© 2009 Larry M Walther, under nonexclusive license to Christopher J Skousen & Ventus Publishing ApS All material in this publication is copyrighted, and the exclusive property of Larry M Walther or his licensors (all rights reserved)
ISBN 978-87-7681-485-4
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Contents
Part 1 Special Issues for Merchants
1 The Merchandising Operation - Sales
1.1 Sales
1.2 Sales Returns and Allowances
1.3 Trade Discounts
1.4 Credit Cards
1.5 Cash Discounts
2 Purchase Considerations for Merchandising Business
2.1 Merchandise Acquisition
2.2 Periodic Inventory System
2.3 Purchase Returns and Allowances
2.4 Cash Discount
2.5 Gross Recording of Purchases/Discounts
2.6 Net Recording of Purchases/Discounts Lost
2.7 Comparison of Gross vs Net
2.8 Freight Charges
2.9 The Calculation of Net Purchases
2.10 Cost of Goods Sold
2.11 Detailed Income Statement for Merchandise Operation
2.12 Closing Entries
3 Alternative Inventory System
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4 Income Statement Enhancements
4.1 Analysis of a Detailed Income Statement
5 The Control Structure
5.1 Internal Control in the Merchandising Environment
5.2 Internal Control and the Purchasing Cycle
5.3 Generalizing About Control
Part 2 Cash and Highly-Liquid Investments
6 Cash Composition
6.1 Cash Equivalents
7 Cash Management
7.1 Strategies to Enhance Cash Flows
8 Bank Reconciliation
8.1 Comprehensive Illustration of Bank Reconciliation
8.2 Proof of Cash
9 Petty Cash
9.1 Replenishment of Petty Cash
9.2 Cash Short and Over
9.3 Increasing the Base Fund
10 Trading Securities
10.1 An Illustration
10.2 Rationale for Fair Value Accounting
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