會(huì)計(jì)英語10chap4merchandisingweek-文庫吧資料
2025-01-19 06:00本頁面
【正文】 4 Ine Statement Merchandising Firm Sales $150,000 Cost of Goods Sold 90,000 Gross Profit (Margin) $60,000 Operating Expenses 35,000 Net Ine $25,000 Merchandising Activities ? Sales revenue: revenue from selling merchandise. ? COGS: expense of buying merchandise inventory for resale. 5 Manufacturer Wholesaler Retailer Customer Merchandising Companies 6 C a s h 1 0 , 2 0 0$ A c c o u n t s p a y a b l e 1 , 2 0 0$ M e r c h a n d i s e I n v e n t o r y 1 , 2 0 0 N o t e s p a y a b l e 4 , 0 0 0 E q u i p m e n t 1 6 , 0 0 0 T o t a l l i a b i l i t i e s 5 , 2 0 0$ E q u i t y 2 2 , 2 0 0 T o t a l a s s e t s 2 7 , 4 0 0$ T o t a l l i a b i l i t i e s a n de q u i t y 2 7 , 4 0 0$ A s s e t s L i a b i l i t i e sM e r c h a n d i s i n g C o m p a n yB a l a n c e S h e e tD e c e m b e r 3 1 , 2 0 0 9Operating Cycle ?Begins with the purchase of merchandise and ends with the collection of cash from the sale of merchandise. Comparing Merchandising Activities with Manufacturing Activities 8 Merchandising Company Purchase inventory in readytosell condition. Manufacturing Company Manufacture inventory and have a longer and more plex operating cycle Two Approaches Used in Accounting for Merchandise Transactions 9 Perpetual Inventory System Periodic Inventory System Periodic and perpetual inventory system ? Periodic inventory system: 定期盤存制 ? Physically count inventory, usually at end of accounting period. ? No detailed records of the actual inventory are maintained during the accounting period. ? Less costly than perpetual inventory method, but provides less information. 10 永續(xù)盤存制 Perpetual Inventory System ? Continuous records are kept of the quantity and, usually, the cost of individual items as they are bought and sold. ? In a perpetual inventory system, each purchase and sale of merchandise is recorded in an inventory account. ? In this way, the inventory records always (perpetually) disclose the amount of inventory on hand and the amount sold. 11 Purchase, Sales revenue and COGS ? Key terms ? Merchandise inventory: 商品存貨 ? Net purchase: 凈購貨 ? Gross purchase: 總購貨 ? Purchase returns and allowance: 購貨退回和折讓 ? Purchase discount: 購貨折扣 ? Trade discount: 商業(yè)折扣 ? Credit terms: 付款條件 (信用條件 ) ? Invoice price: 發(fā)票價(jià)格 (list price: 商品標(biāo)價(jià) ) 12 Merchandise Purchases 13 ? On June, 20, Melton Company purchased $14,000 of merchandise inventory paying cash (or on credit). G E N E R A L J O U R N A L Pa g e 5 5D a t e D e s c r i pt i on PR D e bi t C r e di tJ un 20 M e r c ha nd i s e I nv e nt or y 1 4 , 0 0 0C a s h 1 4 , 0 0 0M ai n S ou r c e , I n c . I n voi c e6 1 4 T e c h A v e n u e D a t e N um be rN a s h v i l l e , T N 3 7 6 5 1 5 / 4 / 0 2 3 5 8 B ISold ToN a m e : B a r be e , I nc .A t t n: To m B e l lA dd r e s s : O ne W i l l ow P l a z aC oo k e v i l l e , Te nn e s s e e38501P . O . 1 6 7 S a l e s : 2 5 Te r m s 2 / 1 0 , n/ 3 0 S hi p: Fe dE x P r e pa i dI t e m D e s c r i pt i on Q ua ni t y P r i c e A m ou ntA C 4 1 7 2 5 0 B a c k up S y s t e m 500 5 4 . 0 0$ 2 7 , 0 0 0$ S ub To t a l 2 7 , 0 0 0 W e a pp r e c i a t e y ou r bu s i ne s s ! S hi p C hg . Ta x To t a l 2 7 , 0 0 0$ ?Seller ?Invoice date ?Purchaser ?Order number ?Credit terms ?Freight terms ?Goods ?Invoice amount ? ? ? ? ? ? ? ? Trade Discounts 15 ?Used by manufacturers and w
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