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Retail Accounting Interview Questions & Answers
Below we have listed all the Retail Accounting Interview Questions and answers. Feel free to comment on any Retail Accounting Interview Questions or answer by the comment feature available on the page.
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Retail Accounting is a method of accounting to account for inventory using retail prices only for sales, purchases, beginning inventory, and ending inventory.
It is an accounting procedure for estimating the value of a store's merchandise. This method calculates a store's total inventory value by taking the total retail value of the items that were originally in inventory, subtracting the total sales, then multiplying that dollar amount by the cost-to-retail ratio (the percentage by which goods are marked up from their wholesale purchase price to their retail sales price).
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