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LESSON 9-1

LESSON 9-1. Journalizing Purchases Using a Purchases Journal. New Vocabulary. Merchandise: Goods that a business purchases to sell Merchandising business: A business that purchases and sells goods Retail business: A merchandising business that sells to those who use or consume the goods

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Chapter 9

Chapter 9. Objectives: Define accounting terms related to purchases and cash payments for a merchandising business Identify accounting concepts and practices related to purchases and cash payments for a merchandising business Journalize purchases of merchandise using a purchases journal

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FINANCIAL STATEMENTS

Corporation Financial condition is Public information Posted on the internet Posted Quarterly and yearly Company financials: Posted in the millions or the thousands Financial reports will list which format is used Means rounded to the nearest million

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CHAPTER 9

CHAPTER 9. Vocabulary terms for Corporate Accounting. merchandise merchandising business retail merchandising business wholesale merchandising business corporation share of stock capital stock stockholder. special journal cost of merchandise markup vendor purchase on account

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Journal amount column headed - PowerPoint PPT Presentation

LESSON 9-1

Chapter 9

FINANCIAL STATEMENTS

CHAPTER 9