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1 year ago

Where will your transactions take place? Is the purchaser the user of your product/service?

1 answer:

8 0

The transactions take place in the clothing store at the payment counter of the store. The purchaser act as the user of the product bought from the store.

<h3>What is a transaction?</h3>

A transaction is an event where a person buys or sells the product for which he/she makes or gets the payment in return.

When an individual buys a product from a clothing store, then he/she goes to the payment counter for paying the bill. This shows a transaction at the where he/she got the product and the clothing store got the money for it. The individual who buys the clothing product act as a user of a product because he/she takes it for his/her personal use.

Therefore, after paying the bill for the product at the counter, the transaction initiates and the purchaser becomes the user of the product.

Learn more about a transaction in the related link:

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Answer:

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Particulars Amount

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Beginning finished goods inventory $48,100.00

Add: Cost of goods manufactured $212,290.00

Cost of goods available for sale $260,390.00

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Adjusted cost of goods sold $205,300.00

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