Lecture Financial Accounting (15/e) - Chapter 6: Merchandising activities

Lecture Financial Accounting (15/e) - Chapter 6: Merchandising activities. After reading the material in this chapter, you should be able to: Describe the operating cycle of a merchandising company, understand the components of a merchandising company's income statement, account for purchases and sales of merchandise in a perpetual inventory system, explain how a periodic inventory system operates,...