1

Submitted to: Respected

Submitted by: Roll # Batch # B.S honors IT

(Second Semester) Govt. Post Graduate College for Women, SKT
3

Merchandise: A commodity offered for sale

Business: Trade

Business Merchandise is a commercial enterprise dedicated to the purchase of finished goods and their resale for a profit.
5

Merchandising Business Accounting Terms

Cost of Goods Sold
(the costs related to these purchases)

Merchandise Inventory
(the items that are sold in a merchandising business)

Purchase Returns and Allowances

(receive merchandise inventory that is defective and is placed for sale on the sales floor)

Free on Board
( (FOB) determines which party of a business transaction is responsible for shipping charges and also refers to the location where ownership of merchandise inventory is transferred from the seller of an item to the purchaser.)
6

Role in Market:
A merchandising business will generally buy their products from a wide range of distributors domestically and internationally and market their products in huge consumer shopping facilities.
7

Procedural Steps:Purchasing Handling Returning Of Goods Purchased Selling. Returning Of Goods Sold

Maintaining Adequate Stocks On Hand: In order to satisfy orders of customers at all times, a stock of merchandise must be maintained on hand. This is called Merchandise Inventory or Inventory on Hand
8