Journal Entries Solution | Chapter 5 Exercise 5-2 | Perpetual Inventory System (Larson)
Автор: Professionals Accounting
Загружено: 2026-02-04
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Описание:
Lecture 24. In this Lecture, we solve Chapter 5 – Exercise 5-2 from Fundamental Accounting by Larson (18th Edition), focusing on journal entries under the Perpetual Inventory System.
You’ll learn how to correctly record merchandising transactions such as:
Purchases of merchandise
Freight-in costs
Purchase returns and allowances
Purchase discounts
Sales transactions
Sales returns and allowances
Each journal entry is explained step by step in a simple and exam-oriented manner, making this video ideal for **B.Com, BBA, MBA, CA, CMA, and accounting beginners**.
If you’re preparing for exams or struggling with **Exercise 5-2**, this video will help you understand the logic behind every entry 📒
Like, share, and subscribe for more solved accounting exercises and concepts!
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