Title: ACC 290 Week 4 Discussion question DQs Sample content: Week 4 DQs Discussion Question # 1 What are the journal entries a merchandising organization would use to record the purchase and subsequent sale of merchandise? How would these transactions differ with a periodic versus a perpetual inventory system? What are the journal entries a merchandising organization would use to record the purchase and subsequent sale of merchandise? The journal postings used to document the buy and future sale of products would be Selling, Documenting Purchases of Products, Documenting Sales of Products, Revenue Report Presentation Functions, and Assessing Profitability How would these transactions differ with a periodic versus a perpetual inventory system? A continuous inventory method decides the price of products sold every time a sale takes place. It also needs extra office work as well as additional cost to preserve inventory reports, a computerized method can reduce this price. These records continuously perpetually demonstrate the inventory which must be available for each and every product. In a routine inventory method, businesses dont maintain thorough inventory records of the products available all through the period. They decide the price of products sold only at the conclusion of the accounting period-that is, routinely. At that stage, the business has a actual inventory count to decide the price of products available (Selling Operations and also the Multiple-Step Revenue R

1. ACC 290 Week 4 Discussion question DQs
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2. ACC 290 Week 4 Discussion question DQs
Sample content:
Week 4 DQs Discussion Question # 1 What are the journal entries a
merchandising organization would use to record the purchase and subsequent sale
of merchandise? How would these transactions differ with a periodic versus a
perpetual inventory system? What are the journal entries a merchandising
organization would use to record the purchase and subsequent sale of
merchandise? The journal postings used to document the buy and future sale of
products would be Selling, Documenting Purchases of Products, Documenting
Sales of Products, Revenue Report Presentation Functions, and Assessing
Profitability How would these transactions differ with a periodic versus a perpetual
inventory system? A continuous inventory method decides the price of products
sold every time a sale takes place. It also needs extra office work as well as
additional cost to preserve inventory reports, a computerized method can reduce
this price. These records continuously perpetually demonstrate the inventory which
must be available for each and every product. In a routine inventory method,
businesses dont maintain thorough inventory records of the products available all
through the period. They decide the price of products sold only at the conclusion of
the accounting period-that is, routinely. At that stage, the business has a actual
inventory count to decide the price of products available (Selling Operations and
also the Multiple-Step Revenue R
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