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# CHAP6 - MERCHANDISING
# --------------------------------
# VOCAB : merchandiser = revendant
# Inventory = biens en stock
# Cost of Goods Sold (COGS) =
# cout des marchandises vendues
# --------------------------------
# FORMULES ESSENTIELLES
# Gross Profit = Net Sales - COGS
# Net Sales = Sales - Returns
# - Allowances - Discounts
# COGS = Beginning Inv
# + Purchases - Ending Inv
# --------------------------------
# TYPES DE COMPAGNIES
# Service : pas de inventory
# Merchandising : inventory + COGS
# --------------------------------
# INVENTORY SYSTEMS
# Perpetual :
# chaque achat/vente met a jour
# Inventory et COGS
# Periodic :
# COGS calcule a la fin :
# COGS = beg inv + purchases
# - end inv
# --------------------------------
# JOURNAL ENTRIES (PERPETUAL)
# Achat marchandise :
# Dr Inventory ; Cr Cash/AP
# Retour achat :
# Dr AP/Cash ; Cr Inventory
# Vente marchandise :
# Dr Cash/AR ; Cr Sales
# Dr COGS ; Cr Inventory
# --------------------------------
# SALES RETURNS (perpetual)
# Dr Sales Returns ; Cr Cash/AR
# Dr Inventory ; Cr COGS
# --------------------------------
# DISCOUNTS
# Purchase discount :
# Dr AP ; Cr Cash ; Cr Inventory
# Sales discount :
# Dr Cash ; Dr Sales Discount
# Cr AR
# --------------------------------
# MULTI-STEP IS
# Net Sales
# - COGS = Gross Profit
# - Operating Exp = Op Income
# + autres gains ou pertes
# = Net Income
# --------------------------------
# POINTS IMPORTANTS
# Inventory = asset
# COGS = expense (IS)
# Gross Profit = marge brute
# Sales Returns = contra-revenue