{"id":47402,"date":"2025-11-19T14:06:06","date_gmt":"2025-11-19T14:06:06","guid":{"rendered":"https:\/\/certifeka-edu.com\/programs\/finance-for-strategic-managers-accounting-professional-certificate-3\/lessons\/lesson-4-record-sales-under-a-perpetual-inventory-system-3\/"},"modified":"2025-11-19T14:06:06","modified_gmt":"2025-11-19T14:06:06","slug":"lesson-4-record-sales-under-a-perpetual-inventory-system-3","status":"publish","type":"lesson","link":"https:\/\/certifeka-edu.com\/ar\/programs\/finance-for-strategic-managers-accounting-module\/lessons\/lesson-4-record-sales-under-a-perpetual-inventory-system-3\/","title":{"rendered":"Lesson 4: Record sales under a perpetual inventory system"},"content":{"rendered":"

\"\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Lesson 4: Accounting For Merchandize Operation
\n<\/h2>\n

Record sales under a perpetual inventory system
\n<\/h3>\n

Record sales under a perpetual inventory system will cover 4 points (sales returns and allowances, sales Discounts, Adjusting Entries and Closing Entries).<\/h5>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Sales Returns and Allowances (contra revenue account to Sales Revenue) In case the seller either accepts goods back from the buyer (a return) or grants a reduction in the purchase price (an allowance) so the buyer will keep the goods and the entry will be as follows.<\/h5>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

In case the goods are not returned and the seller grants the buyer an allowance by reducing the purchase price the seller will debit Sales Returns and Allowances and credit Accounts Receivable for the amount of the allowance.<\/h5>\n
An allowance has no impact on Inventory or Cost of Goods Sold.<\/h5>","protected":false},"comment_status":"open","ping_status":"closed","template":"","class_list":["post-47402","lesson","type-lesson","status-publish","hentry"],"yoast_head":"\nLesson 4: Record sales under a perpetual inventory system - Certifeka-edu<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/certifeka-edu.com\/ar\/programs\/finance-for-strategic-managers-accounting-module\/lessons\/lesson-4-record-sales-under-a-perpetual-inventory-system-3\/\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lesson 4: Record sales under a perpetual inventory system - Certifeka-edu\" \/>\n<meta property=\"og:description\" content=\"Lesson 4: Accounting For Merchandize Operation Record sales under a perpetual inventory system Record sales under a perpetual inventory system will cover 4 points (sales returns and allowances, sales Discounts, Adjusting Entries and Closing Entries). 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