Sales and Purchase Transactions
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MERLOT II




        

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Sales and Purchase Transactions

        

Sales and Purchase Transactions

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This problem-based learning activity helps students practice recording a business-to-business sales/purchase transactions that included credit terms from both perspectives. The problem applies the gross method for recording sales and purchases for a perpetual inventory scenario.  Faculty who foster the traditional approach to teaching principles of financial accounting may find this activity useful. 
Material Type: Assignment
Technical Format: HTML/Text
Date Added to MERLOT: August 18, 2010
Date Modified in MERLOT: March 22, 2011
Author:
Submitter: Susan Moncada
Keywords: credit sales, credit terms, purchases on account with credit terms

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  • Peer review 4.5 rating
    Peer Reviews: 4.5 rating
  • User Rating (not rated)
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About

Primary Audience: High School, College Lower Division
Mobile Compatibility: Not specified at this time
Technical Requirements: Word 2007 to open downloadable files.
Language: English
Cost Involved: no
Source Code Available: yes
Accessiblity Information Available: unsure
Creative Commons: Creative Commons License
This work is licensed under a Attribution-NonCommercial 3.0 United States

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