6590-6699 Series: Goods Purchased for Resale & Credit
| 6597 - Goods Purchased Resale Freight | |
|---|---|
| (Optional) Use only if you desire to track freight costs on purchases for goods for resale. | |
| 6598 - Credit Memos | |
| Credits given by outside vendors that are applied against vendor invoices for items such as short shipments, damaged merchandise or incorrect pricing of the original product. | |
| 6599 - Goods Purch Resale Cash Discnt | |
| (Optional) Use only if you desire to track discounts on purchases of goods for resale. | |
| 6600 - Goods Purch For Resale Perpetu | |
| For computerized perpetual inventory systems that utilize the automated payable reduction feature designed for this account including acquisition and assembly costs (labor, freight, etc.), coal and fuel oil for inventory, and equipment (purchased for resale). (Call Accounting & Financial Reporting if you have any questions about this account.) |
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| 6605 - Goods Prch For Resale Periodic | |
| For either periodic or perpetual inventory systems not utilizing the automated payable reduction feature designed for goods classified under 6600 -- GOODS PURCHASED (RESALE)-PERPETUAL including coal and fuel oil for inventory, equipment (purchased for resale), and food and beverage.
(Call Accounting & Financial Reporting if you have any questions about this account.) |
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| 6610 - Cost Of Goods Sold | |
| The total direct cost of goods sold.
(Call Accounting & Financial Reporting if you have any questions about this account.) |
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| 6650 - Facilities Services Group Jobs | |
| For Facilities Services Group use only. | |