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Q. What is Gross selling price?
When a sale is on account it credits the Sales account as well as debits Accounts Receivable. The following entry records a USD 20000 sale on account. Typically a seller quotes the gross selling price as well called the invoice price of goods to the buyer.
But sometimes a seller quotes a list price of goods along with available trade discounts. In this latter situation the buyer should calculate the gross selling price. The list price less every trade discount is the gross selling price. Merchandising companies that trade goods use the gross selling price as the credit to sales.
Your report must include at a minimum the following items. 1. Calculate the following ratios based on the 2011 financial statement: * Current ratio * Quick ratio * Total asset
Q. Describe about adjunct account? The Transportation-In account files the inward freight costs of acquiring merchandise. Transportation-In is an adjunct account in that it is
What careers can i do with these subjects?
The balance sheet account as of July 31, 1995 for altona company are as follows: Capital: (fix lib) 35,630 Office Equipment (ass) 16730 Delivery Truck
Super stockist is one who supply product to n no. of distributor in area. Distributor is one who supply to dealers in the area
hi I was wondering you use provide the solution of the back of the book for advance accounting theory by Craig Deegan 4 edition ISBN - 13: 978-007101314 - 7 ISBN - 10: 007101314
Concept of Flow of Funds : It refers to the 'Change in Funds' or 'Change in Working Capital'. That is, any increase or decrease in Working Capital. In business, daily, numerous t
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Bear Market Bear market is a market in which stock prices are expected to fall.
Q. Explain about Accounting period? As those interested in the activities of business need timely information companies must prepare financial statements periodically. To organ
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