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Unformatted text preview: 16. Merchandise inventory 17. Cost of goods sold 18. Multiple-step income statements 19. Sales discounts 20. Damaged and obsolete goods 21. Goods and transit 22. Internal controls 23. Inventory shrinkage 24. FIFO method, LIFO method, and Weighted-average method 25. Consistency concept 26. Inventory turnover ratio 27. lower of cost or market (LCM) 28. sales journal 29. subsidiary ledger 30. Accounts receivable ledger/accounts payable ledger 31. deposits in transit/outstanding checks 32. NSF check 33. prepare a bank reconciliation...
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This note was uploaded on 08/29/2011 for the course ACCT 106 taught by Professor A during the Spring '11 term at Ohio State.
- Spring '11