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  2. Matching principle - Wikipedia

    en.wikipedia.org/wiki/Matching_principle

    For example, if goods are supplied by a vendor in one accounting period but paid for in a later period, this creates an accrued expense. This adjustment prevents a fictitious increase in the receiving company's value equal to the increase in its inventory ( assets ) by the cost of the goods received but not yet paid for.

  3. Cost of goods sold - Wikipedia

    en.wikipedia.org/wiki/Cost_of_goods_sold

    Cost of goods sold (COGS) (also cost of products sold (COPS), or cost of sales [1]) is the carrying value of goods sold during a particular period. Costs are associated with particular goods using one of the several formulas, including specific identification, first-in first-out (FIFO), or average cost.

  4. Gross margin - Wikipedia

    en.wikipedia.org/wiki/Gross_margin

    To verify a unit margin ($): Selling price per unit = Unit margin + Cost per Unit To verify a margin (%): Cost as % of sales = 100% − Margin % "When considering multiple products with different revenues and costs, we can calculate overall margin (%) on either of two bases: Total revenue and total costs for all products, or the dollar-weighted ...

  5. Sales (accounting) - Wikipedia

    en.wikipedia.org/wiki/Sales_(accounting)

    In double-entry bookkeeping, a sale of merchandise is recorded in the general journal as a debit to cash or accounts receivable and a credit to the sales account. [3] The amount recorded is the actual monetary value of the transaction, not the list price of the merchandise.

  6. Unit of account - Wikipedia

    en.wikipedia.org/wiki/Unit_of_account

    In economics, unit of account is one of the functions of money. A unit of account [1] is a standard numerical monetary unit of measurement of the market value of goods, services, and other transactions. Also known as a "measure" or "standard" of relative worth and deferred payment, a unit of account is a necessary prerequisite for the ...

  7. Dollar Tree vs. Family Dollar: Where To Go for Top Household ...

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    Dollar Tree: $1.25 for one 451-sheet single-ply mega roll. ... Gain Original Scent Fabric Softener costs $0.13 cents per ounce at Dollar Tree and $0.11 per ounce at Family Dollar. The latter is ...

  8. Warren Buffett once called Peter Lynch to ask if he could use ...

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    Try these 5 easy money hacks to help you make and save thousands of dollars in the new year ... one of the biggest missteps is selling off a promising company, only to watch as it “doubles, it ...

  9. Sales - Wikipedia

    en.wikipedia.org/wiki/Sales

    Sales are activities related to selling or the number of goods sold in a given targeted time period. The delivery of a service for a cost is also considered a sale. A period during which goods are sold for a reduced price may also be referred to as a "sale". [1]

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