会计学原理-约翰·J·怀尔德版-上海交通大学-05.pptVIP

Chapter 5 Accounting for Merchandising Operations Conceptual Learning Objectives C1: Describe merchandising activities and identify income components for a merchandising company C2: Identify and explain the inventory asset of a merchandising company C3: Describe both perpetual and periodic inventory systems C4: Analyze and interpret cost flows and operating activities of a merchandising company Analytical Learning Objectives A1: Compute the acid-test ratio and explain its use to assess liquidity A2: Compute the gross margin ratio and explain its use to assess profitability Procedural Learning Objectives P1: Analyze and record transactions for merchandise purchases using a perpetual system P2: Analyze and record transactions for merchandise sales using a perpetual system P3: Prepare adjustments and close accounts for a merchandising company P4: Define and prepare multiple-step and single-step income statements P5: Appendix 5A: Record and compare merchandising transactions using both periodic and perpetual inventory systems Merchandising Activities Merchandising Activities Reporting Income of a Merchandiser Operating Cycle for a Merchandiser Inventory Systems Merchandise Purchases Trade Discounts Purchase Discounts Purchase Discounts Purchase Discounts Purchase Discounts Purchase Discounts When Discount is Not Taken Purchase Returns and Allowances Purchase Returns and Allowances Purchase Returns and Allowances Purchase Returns and Allowances Transportation Costs Transportation Costs Quick Check ? Cost of Merchandise Purchased Accounting for Merchandise Sales Sales of Merchandise Sales Discounts Sales Discounts Sales Returns and Allowances Sales Returns and Allowances Sales Returns and Allowances Step 1: Close Credit Balances in Temporary Accounts to Income Summary. Step 2: Close Debit Balances in Temporary Accounts to Income Summary. Step 3: Close Income Summary to Owner’s Capital Step 4: Close Withdrawals to Owner’s Capital Income Statement Formats Multiple-Step