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Q. Determine the cost of ending inventory?
The company suppose that the 20 units in inventory consist of 10 units purchased December 21 and 10 units purchased October 12. The overall cost of ending inventory is USD 179 and the cost of goods sold is USD 511.
We show the relationship among the cost of goods sold and the cost of ending inventory under FIFO using periodic inventory procedure. The 80 units in cost of goods accessible for sale consist of the beginning inventory and all of the purchases during the period. In FIFO the ending inventory of 20 units consists of the most recent purchases 10 units of the December 21 purchase and 10 units of the October 12 purchase costing USD 179. We suppose the beginning inventory and other earlier purchases have been sold during the period, representing the cost of goods sold of USD 511.
Acquired a shop on monthly rent for Rs. 3,000 after paying cash Rs. 36,000 as advance rent ??
Q. Describe the accounting procedures? The demand for college professors differ greatly by discipline. In fields such like Fine Arts, English, Philosophy and Psychology there i
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Investments by owners are raise in equity of a particular business enterprise resulting from transfers to it from other entities of something valuable to gain or increase ownership
1. What are financial accounting, management accounting, and finance? What are their similarities and differences? 2. What information does a balance sheet provide? How do acco
Company A has only been in existence for two full years as a public company. Prior to this, it was a segment of large multinational and was spun off as stand-alone, public company.
Service revenue earned on account Metro performed courier deliverance services for a customer who agreed to pay USD 900 at a later date. The company approved credit rather tha
stpes to be taken prepaing for final accounts
Q. Explain about pegboard system? One more innovation in manual systems was the one write or pegboard system. Beside creating one document and aligning other records under it o
At the end of this assignment, you will have: Identified the facts and accounting issues at AVE. Researched the appropriate accounting literature. Analyzed, interpreted,
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