Merchandising operations

  1. Distinguish between service and merchandising operations.
  2. Explain the differences between periodic and perpetual inventory systems.
  3. Analyze purchase transactions under a perpetual inventory system.
    4.Analyze sales transactions under a perpetual inventory system.
    5.Analyze sales of bundled items under a perpetual inventory system.
  4. Prepare and analyze a merchandiser’s multistep income statement.