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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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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Question Posted: Mar 03, 2023 11:41 PM

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Why are purchases of merchandise for resale not recorded in the same account as purchases of other

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Financial Accounting Tools For Business Decision Making

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