Why are purchases of merchandise for resale not recorded in the same account as purchases of other

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Why are purchases of merchandise for resale not recorded in the same account as purchases of other items, such as supplies or equipment? Would it not be better to use one account to record all these purchases?

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Question Posted: Jan 11, 2017 09:56 AM

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Why are purchases of merchandise for resale not recorded in the same account as purchases of other

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Hence for the final analysis we can say that the reaso...View the full answer

Financial Accounting Tools for Business Decision Making

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