Lecture Financial accounting (8/e): Chapter 6 - Robert Libby, Patricia A. Libby, Daniel G. Short
Lecture Financial accounting (8/e): Chapter 6 - Robert Libby, Patricia A. Libby, Daniel G. Short
Chapter 6 - Reporting and interpreting sales revenue, receivables, and cash. In this chapter, students will be able to understand: Apply the revenue principle to determine the accepted time to record sales revenue for typical retailers, wholesalers, manufacturers, and service companies; analyze the impact of credit card sales, sales discounts, and sales returns on the amounts reported as net sales; analyze and interpret the gross profit percentage.