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Q. Advantage of a pre-inventory sale?
Have you still taken advantage of a pre-inventory sale at your favourite retail store Many stores offer bargain prices to decrease the merchandise on hand and to minimize the time and expense of taking the inventory. A smaller inventory as well enhances the probability of taking an accurate inventory since the store has less merchandise to count. From section 6 you know that companies use inventory amounts to determine the cost of goods sold this main expense affects a merchandising company's net income. In this section you learn how important inventories are in preparing a correct statement of retained earnings, income statement and balance sheet.
Honolulu Cookie Company provides the following information in order for you to prepare the company's bank reconciliation: Balance per company
procedure followed in government system of accounting in india
on 1st july,2008,machinery purchased rs10,000 for cash from bhim.give journal entry and prepare ledger accounts.
Scenario Sara Jones opened a technical consulting business called Hi-Tech For the Future earlier in the year. So far, she has been successful in providing services and selling
what is implication wrongly application of accounting concept#
As discussing the scope of accounting you should have observed here the accounting involves a sequence of activities connected with each other, starting along with the collecting,
Q. Describe about Cash role in balance sheet? Cash includes deposits in banks obtainable for current operations at the balance sheet date plus cash on hand consisting of un-dep
J Green''s financial position at 1 May 2008 was as follows bank 2,910 cash 160 equipment 5,900 premises 25,000 creditors R smith 890 t thomas 610 debtors j car
Desrocher Ltd. issued an instalment note on January 1, 2014 (with a required yield of 9%), in exchange for land that it purchased from Safayeni Ltd. Safayeni's real estate agent
Q. Explain Weighted-average inventory? Weighted-average: Ensuing inventory is priced using a weighted-average unit cost. In perpetual inventory procedure a new weighted-average
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