Inventory cards

Sales

• FIFA

• LIFO

• FIFO

• LOFI

Sales return

• FIFO

• FIFA

• LIFO

• LOFI

Owner donates 100 magic potions to the Hogwart School and receives publicity

• Debit Drawings

  Credit Inventory

• Debit Inventory

  Credit Advertising

• Debit Advertising

  Credit Inventory

• Debit Advertising

  Credit Bank

Owner returned 5 invisibility cloaks to the supplier cuz they don't make you disappear

• LIFO

• FIFO

• Supplier's price

• LOFI

Credit sale

• Credit note

• Invoice

• Check

• Memo

Cash sale

• Credit note

• EFT

• Check

• Memo

Advertising/Donation

• Credit note

• EFT

• Check

• Memo

Purchase return

• Credit note

• EFT

• Check

• Memo

Match the following

• Cash Sale

  Cash purchase

• Invoice

• Credit sale

  Credit purchase

• Check/EFT/Rec

• Sales return

  Purchase return

• Credit note

• AdvertisingDonation

  Inventory gain

  Drawing

• Memo

Organize these options into the right categories

Groups:

(a) FIFO

,

(b) LOFI

,

(c) Supplier's price

,

(d) Highest price

• Sales return

• Sales

• Advertising/Donation

• Inventory gain

• Purchase

• Drawings

• Purchase return