The version we learned from my Russian grandma was:

"Abie had a dry goods store
Business was so bad
Asked his wife for advice
This is what she said
Take a lot of kerosene
Spritz it on the floor
Take a match, give a scratch
Dry goods store no more."

Sang with a proper Yiddish accent and forgive possible lapse of memories aroundv60 years later. : )