Fundamentals of Acctg T&P 1B - ACTG-6153-2013T(UGRD Fundamentals of Acctg T&P 1B Quiz 1 Cost of transporting goods from supplier to the buyer

Fundamentals of Acctg T&P 1B - ACTG-6153-2013T(UGRD...

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ACTG-6153-2013T(UGRD) Fundamentals of Acctg T&P 1BQuiz 1Cost of transporting goods from supplier to the buyerFreight-inPurchases of merchandise debited to Merchandise inventoryPeriodic Inventory SystemThe discount that is not recorded in the books of the business isTrade discount_____-is the cost of the merchandise that the merchandiser has sold.Cost of goods sold or cost of salesBuy and Sell businessMerchandisingIt is the cost of transporting the goods from the merchandiser to the ultimate consumer.If merchandise sells his goods on credit, his operating cycle will be a little longerCashOn March 1, 2017, Mr. A bought 10 units of cell phones with a listed price of P 10,000 each, less 2%, 4%, for resale. Terms of payment: 2/10, n/30. The total Term for revenue of a merchandiserThe following items can be found in the income statement of a merchandising firm except

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