Advantages and disadvantages of fifo, Advantages and disadvantages of FIFO ...

Advantages and disadvantages of FIFO The FIFO method has four main advantages (a) it is easy to apply (b) the assumed flow of costs corresponds with the normal physical flow o

Explain about depreciation, Q. Explain about Depreciation? Depreciation...

Q. Explain about Depreciation? Depreciation Just as prepaid rent and prepaid insurance indicate a gradual using up of a previously recorded asset thus does depreciation. But th

Fundermentals of accounting, differenciate between a cash book and a ledger...

differenciate between a cash book and a ledger

Accounts payable, what is Accounts payable process?

what is Accounts payable process?

Misstatement of accounting information, Q. Misstatement of accounting infor...

Q. Misstatement of accounting information? The FASB describes materiality as the magnitude of an omission or misstatement of accounting information that in the light of surroun

Actual operating Cost,

Type of assets, what is assets and its type ?

what is assets and its type ?

The t/p bill for this month was 200, The t/p bill for this month was 200,th...

The t/p bill for this month was 200,the company will pay it next month what is the journal entry for this?

Basic elements of financial statements, Q. Basic elements of financial stat...

Q. Basic elements of financial statements? Therefore far we have discussed objectives of financial reporting and qualitative characteristics of accounting information. A third

A baker makes 500 cream-filled eclairs at a cost of $0.72 e, A baker makes ...

A baker makes 500 cream-filled eclairs at a cost of $0.72 each. He estimates that 10% of the eclairs will be sold the following day at a reduced price of $0.80 each. Find the mar