Accounting for merchandising operations quiz. Select the correct entries below. AFE Quiz 12: Accounting for Merchandise Operations Answer the questions in order, and when completed, click the Check Score button. A common rule of thumb is the acid-test ratio should have a value of at least 1. Find other quizzes for and more on Wayground for free! Study with Quizlet and memorize flashcards containing terms like What are merchandising companies?, what is the primary source of revenue for merchandising companies?, the cost of goods sold is the _______ _______ of merchandise sold during the period and more. The steps in the accounting cycle are different for a merchandising company than for a service company. Test your understanding of the accounting cycle for merchandising businesses. Chapter 4: Accounting for Merchandising Operations quiz for University students. Learn to differentiate between service and merchandising companies. The steps in the accounting cycle for a merchandising company are the same as those in a service company except: A. This document contains a multiple choice test with questions about accounting concepts related to merchandising businesses. vhaf icenshn 6tfc6 dmawf dkxz ho9k utcd jzh saz kwf