Wholesale items for resale purchases
[DOC File]FINANCIAL ACCOUNTING 1
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Purchases: Buying of goods meant for resale. Purchases can also be for cash or on credit. For cash purchases: Debit purchases. Credit cash at bank/cash in hand. For credit purchases, we: Debit purchases. Credit creditors for goods. A new account is also opened for purchases where both cash and credit purchases are posted. NOTE
[DOC File]UNIFORM SALES & USE TAX …
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15. Minnesota: A. Does not allow a resale certificate for purchases of taxable services for resale in most situations. B. Allows an exemption for items used only once during production and not used again. 16.
[DOC File]Available Reports
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-- Purchases by advertising agencies of paper, ink, and other tangible personal property that become a part of tangible personal property sold by advertising agencies at retail or wholesale, including purchases for resale in the same form, are exempt from sales or use taxes when the purchases are supported by properly completed Streamlined ...
[DOC File]UNIFORM SALES & USE TAX …
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25. Texas: Items purchased for resale must be for resale within the geographical limits of the United States, its territories and possessions. 26. Washington: Resale certificates will be replaced by reseller permits issued by Department of Revenue, effective January 1, 2010. 27.
[DOC File]Solutions for Homework ** Accounting 311 Cost ** Winter 2009
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Purchases $155,000. Add transportation-in 7,000. 162,000 Deduct: Purchase return and allowances $4,000. Purchase discounts 6,000 10,000. Cost of goods purchased $152,000 (2) Marvin Department Store. Schedule of Cost of Goods Sold. For the Year Ended December 31, 2008 (in thousands)
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