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Purchases Transactions for Merchandising Business | Accounting How To is an accounting tutorial explaining purchase transactions in a merchandising business, purchase terms like net 30 and 1%/10, net 30, purchase discounts, and purchase returns. This is an accounting tutorial for accounting students, business owners, and bookkeepers to explain accounting basics for beginners. Featuring Terrance the T-Account Rex and accounting educator, Caroline Grimm, this accounting tutorial is part of two playlist series: How to Pass Accounting Class and Merchandise Businesses and Inventory Cost Methods. ⏰ Accounting How To Time Stamps: 00:00 Emotional Support Dinosaur (ESD) Warning 00:24 Introduction to Purchase and Sales Transactions 01:14 Introduction to Terms 03:06 Assume Discounts Are Always Taken? 04:39 Basic Purchase Transaction 05:08 Adding New Details to Purchase Transactions 05:54 Purchase Transactions Example 07:19 Purchase Transaction with Discount 09:37 Purchase Return 12:41 Next Steps & Free Homework Helper 🏋 Download the spreadsheet here: https://docs.google.com/spreadsheets/... 🎥 Playlists: 🎥 How to Pass Accounting Class Playlist: https://youtube.com/playlist?list=PLP... 🎥 Merchandise Businesses and Inventory Cost Methods: https://www.youtube.com/playlist?list... 🔥 Smoking Hot Deal! Use this link https://quickbooks.grsm.io/accounting... to access special pricing for new QuickBooks customers. Accounting How To receives a small commission if you sign up through this link. That helps keep this channel going and makes sure Terrance gets enough snacks so he doesn’t get hangry. Nobody likes a hangry T-Rex. 👹 📚 Get Caroline’s books on Amazon: Strength in Numbers: Fast and Easy Accounting Basics for Business Owners https://www.amazon.com/gp/product/B09... Solving the Cash Flow Puzzle: Practical Solutions for Common Financial Problems in Your Business https://www.amazon.com/gp/product/B09... 🔗 Associated Links YouTube: https://www.youtube.com/channel/UCQP3... Website: https://accountinghowto.com/ Facebook: / accountingho. . LinkedIn: / caroline-. . Caroline’s Historical and Contemporary Fiction site: https://talesofoldnewengland.com/ and http://magicofacadia.com/. Caroline’s Amazon Author Pages: Fiction books: https://www.amazon.com/Caroline-D-Gri... Business books: https://www.amazon.com/Caroline-Grimm... #accountinghowto #accounting #accountingbasics