Finance & Accounting Online Course by Udemy, On Sale Here
This course explains accounting for inventory in merchandising companies.
An excellent training about Accounting & Bookkeeping
Accounting for Purchase and Sale of Inventory
In this course, the accounting for inventory in merchandising companies is presented. Both the purchase and sales sides of the transactions will be analyzed, along with sales tax and physical inventory practices. Differences in accounting for both Free On Board (FOB) points will be explained along with dealing with payment discounts. The Income Statement is expanded to a Multi-Step Income Statement to accommodate the additional information needed to be presented by a merchandising company. Additionally, contra-accounts are added to the list of accounting tools.
Udemy is the leading global marketplace for learning and instruction
By connecting students all over the world to the best instructors, Udemy is helping individuals reach their goals and pursue their dreams.
Study anytime, anywhere.
Reviews
There are no reviews yet.