Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Finance & Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=411)
-   -   How to record merchandise transactions using the perpetual gross method? (https://www.askmehelpdesk.com/showthread.php?t=567386)

  • Apr 2, 2011, 09:50 AM
    khead
    How to record merchandise transactions using the perpetual gross method?
    Purchased 12,000 of merchandise on 2/1, subject to a trade disount of 10% with credit terms of 3/15, n/60, returned $3000 gross price before trade or discounts on 2/4. invoice paid on 2/13. Using perpetual method, record merchandise transactions, record purchase, and payment using gross method

  • All times are GMT -7. The time now is 06:25 PM.