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Principles of Accounting 1 Asset turnover   Cost of merchandise sold   Gross profit   Merchandise inventory   Operating cycle   Sales   Inventory Shrinkage/Shortage   Question 2Cash refund   Credit memorandum   Credit...

Accrual   Accrual Basis of Accounting   Adjusting Entries   Adjusting Process    Cash Basis of Accounting   Deferral    Expense Recognition Principle   Matching Principle   A concept of accounting...

Principles of Accounting 1 Accrual   Accrual Basis of Accounting    Adjusting Entries   Adjusting Process   Cash Basis of Accounting   Deferral   Expense Recognition Principle   Matching Principle   A...