Section 4
Special Considerations for Merchandising Companies
Book
Version 3
By Boundless
By Boundless
Boundless Accounting
Accounting
by Boundless
3 concepts
![Thumbnail](../../../../../../figures.boundless-cdn.com/13227/square/2574254623-4c2c23bf96.jpeg)
Overview of Merchandising Operations
Merchandising is any practice which contributes to the sale of products to a retail consumer.
![Thumbnail](../../../../../../figures.boundless-cdn.com/13232/square/3995393830-d7a36e9da5.jpeg)
Recording Purchases
In merchandising accounting, purchases are the amount of goods a company buys in the course of a year, including the kind, quality, quantity, and cost.
![Thumbnail](../../../../../../figures.boundless-cdn.com/13230/square/5353030132-996b44ffba.jpeg)
Recording Sales
Net sales are gross sales minus sales returns, sales allowances, and sales discounts.