'Purchased merchandise' presentation slideshows

Journalizing Purchases & Cash Payments

Journalizing Purchases & Cash Payments. Chapter 11. Ch.11 game. Partnerships/Merchandising Business. What is a proprietorship? Partnership: a business owned by 2 or more people. What is a service business? Merchandising business: a business that purchases and sells goods.

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LESSON 9-1

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Kamran Kardan University Kabul Email: kamranuni@yahoo.com

Kamran Kardan University Kabul Email: kamranuni@yahoo.com . Journal. Journal is a book containing the original record of a transaction in order of occurrence. OR Journal is a chronological (day-by-day) record of business transactions.

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Sample Problem

Sample Problem. Chapter 8. Transaction 1. Purchased merchandise for $3,000; the terms are 2/10, n/30. This transaction will be recorded in the purchases journal.

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