Why are purchases of merchandise for resale not recorded in the same account as purchases of other
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Why are purchases of merchandise for resale not recorded in the same account as purchases of other items, such as supplies or equipment? Would it not be better to use one account to record all these purchases? Explain.
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Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9781119594574
8th Canadian Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine, Christopher D. Burnley
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