Material Detail

Sales and Purchase Transactions

Sales and Purchase Transactions

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....

Show More

Quality

  • Peer Review
  • User Rating
  • Comments
  • Learning Exercises
  • Bookmark Collections
  • Course ePortfolios
  • Accessibility Info

More about this material

Comments

Log in to participate in the discussions or sign up if you are not already a MERLOT member.