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Q. Example of sales cycle of company?
For several retailers a large percentage of their annual sales occur during the period from Thanksgiving to Christmas. They efforts to stock just the right amount of goods to meet demand. Since this is a difficult approximation to make accurately several retailers end up with a large amount of unsold goods at the end of this season. The only way they is able to unload these goods is to offer huge discounts during the following period.
Q. Explain about Gross margin method? The steps in computing ending inventory under the gross margin method are - Estimate gross margin based on net sales using the similar
Provided services on credit to Yamato P/L $5 900. How do we apply this in the t accounts
Carrying amounts of merchandise materials as well as supplies inventories are generally determined on a moving average cost basis and are stated at the lower of cost or market.
Q. What are Service companies? Service companies carry out services for a fee. This group comprise law firms, accounting firms and dry cleaning establishments. The early sectio
What is journal entry for Input CST which are paid at the time of purchases of goods from other state.
The ratio of __________ to __________ is an example of a __________ ratio. A. quick assets; current liabilities; leverage B. cost of goods sold; total assets; asset utilization
An asset or account of borrower, which has been classified by a bank or financial institution as sub-standard, doubtful or loss assets as per the guidelines issued by RBI. An
when creating a trial balance, which account balances carry over from previous months
Difference between Debit and Credit Debit- used to record employer's FICA taxes, state unemployment taxes and federal unemployment taxes incurred during an accounting period
explain accounting standard 14
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