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M3 - Accounting For Purchases

M3 - Accounting For Purchases

Author: Sean Crevier
Description:

Students will be able to apply the general concept of a contra account to the purchasing side of a merchandising business. Students will be able to identify the difference between buying and selling. Students will be able to record the financial transaction for buying merchandise, taking a discount on the purchase, and returning portions of the purchase.

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Ch 15 Purchases