Ph4DB ExpandingIntoMerchandising - Phase 4 Discussion Board...

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Phase 4 Discussion Board 1 Running Head: PHASE 4 DISCUSSION BOARD: EXPANSION INTO MERCHANDISING Phase 4 Discussion Board: Expansion into Merchandising Chris Normand Colorado Technical University Accounting 201-02 Prof. Steven Horan March 20, 2010
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Phase 4 Discussion Board 2 Phase 4 Discussion Board: Expansion into Merchandising Professor Horan and Classmates, 1. Danny and Mary Jane are considering adding a gift shop to their business. What do I think about this idea? 2. How will this change the accounting system and what additional accounts will be needed? 3. How will the financial statements change? I will answer the first three questions here. You well know that in the beginning, they were a service company only which made their bookkeeping a little simpler. Now, with the addition of of a business strategy called merchandising, they will add the selling of inventory as an additiona means of income potential along with the existing service company they already were. They are going to have to take a few things into consideration. I know these two chapters are dealing with the bookkeeping end of merchandising only, but I
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This note was uploaded on 08/22/2010 for the course ACCOUNTING Acct 201 taught by Professor Horan during the Spring '10 term at Colorado Technical University.

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Ph4DB ExpandingIntoMerchandising - Phase 4 Discussion Board...

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