User Account

All Pages

Why is a physical count of inventory necessary

Assignment Help Accounting Basics
Reference no: EM13875512

Why is a physical count of inventory necessary in a periodic inventory system? Why is it still necessary in a perpetual inventory system?

Reference no: EM13875512

Questions Cloud

Write a paper relates to cognition : Write a paper in which you examine language as it relates to cognition.
Determine the magnitude and the point : A concrete foundation mat in the shape of a regular hexagon with 3-m sides supports four column loads as shown. Determine the magnitude and the point of application of the resultant of the four loads.
Prepare using operating approach an estimate of eva nopat : Prepare, using the operating approach, an estimate of EVA NOPAT. In addition to the above data, you discovered the following: increase during the year of the LIFO reserve.
Identified marketing concepts within society : Describe what marketing means to you. Next, describe the type of marketing concepts that attract you as a consumer. Explain the function of the identified marketing concepts within society overall
Why is a physical count of inventory necessary : Why is a physical count of inventory necessary in a periodic inventory system? Why is it still necessary in a perpetual inventory system?
A household would prefer a reduction in the tax : Is this true, false or uncertain ? A household would prefer a reduction in the tax on interest income and an increase in the tax on current labour income that would leave it able to afford the original consumption in the present and consumption in th..
Difference between fob shipping point and fob destination : What is the difference between FOB shipping point and FOB destination? How do these terms relate to the revenue principle?
Write the labor market equilibrium condition : Write the labor market equilibrium condition for the Specific Factors model. Use it to explain what happens to both real product wages when the price of the labor intensive good rises.
The federal trade commission (ftc) announced : 1. Why did the FTC introduce new guidelines in 2009?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepaid expenses vs unearned revenue

From this week's reading, you were introduced to the concept of unearned revenue and prepaid expenses. Imagine that you are CFO of a company that manufacturers picture frames.

  Find appropriate depreciation expense for the year

Fulfil all required journal entries for each of the long-term activities, which took place during 20x7. Keep in mind to account for the appropriate depreciation expense for the year on any of the long-term assets.

  Murray glass company beginning of year retained earnings

murray glass company beginning of year retained earnings balance was 113200. the corporation declared and paid 77600

  Positive intent and ability to hold the bonds

Lance Brothers Enterprises acquired $750,000 of 1% bonds, dated July 1, on July 1, 2011, as a long-term investment. Management has the positive intent and ability to hold the bonds until maturity.

  The method of evaluating financial data which change under

the method of evaluating financial data that change under different courses of action is calleda. financial statement

  Record the transactions on page 8 of a general journal

Record the transactions on page 8 of a general journal. You can Omit descriptions. You can use any General Journal template or the one attached.

  Prepare the journal entry to record income tax expense

the following facts relate to alschuler corporation. 1.deferred tax liability january 1 2010 40000. 2.deferred tax

  Consider a situation in which you or someone you know

consider a situation in which you or someone you know engaged in a written or oral contract containing specific

  The total of the individual customer account balances

the total of the individual customer account balances should equal the balance in accounts receivable which is

  Need for regulation in accounting problem

Comment on the appropriateness of this viewpoint. Prepare a report outlining the need for regulation in accounting and why a free market for accounting information is not ideal.

  How have the australian courts approached the issue of

discuss the following statement and provide your detailed analysisbased on cases covered in this coursehow have the

  Complete the first three rows of an amortization table

Complete the first three rows of an amortization table. (Hint: UseIllustration 9-14, except the dates for the first three rows will be 1/1/12, 12/31/12, and 12/31/13 since interest is payable annually rather than semiannually. Interest expense for..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd