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Considering yourself an Owner of a Merchandizing Business, Answer the following Questions Mention The Name Of The Business Things which you buy and sell, and
Considering yourself an Owner of a Merchandizing Business, Answer the following Questions
- Mention The Name Of The Business
- Things which you buy and sell, and what is the term used for those things
- Who are the stakeholders of your business
- Explain the operating cycle of your business
- Which inventory system is used in your business:(Perpetual or Periodic) and Why
- How your Income Statement is Different from the Income Statement of a Services based Business.
- When your Inventory is Considered as an expense, and what is the name for this Expense. (Accounting)
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
