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Cost of goods sold , Accounting Basics
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Posted Date: 12/2/2012 8:04:05 PM | Location : United States
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Learning objectives of current ratio, Q. Learning objectives of current rat...
Q. Learning objectives of current ratio? - Analyze the transactions by examining source documents. - Journalize the transactions in the journal. - Post the journal entrie
What is periodic inventory procedure, Q. What is periodic inventory procedu...
Q. What is periodic inventory procedure? In the periodic inventory procedure the Merchandise Inventory account is updated periodically subsequent to a physical count has been m
Assets, paid rent $200 by cash
paid rent $200 by cash
Explain what is meant by business, Business is an activity performed with t...
Business is an activity performed with the only intention of earning profit. The activity may differ according to the scope and volume.
When a not-for-profit facility receives a contribution from, When a not-for...
When a not-for-profit facility receives a contribution from a member of the community, the cost of the capital is inconsequential when deciding how to use the contribution, becau
Example of adjustments for accrued items, Q. Example of Adjustments for acc...
Q. Example of Adjustments for accrued items? For instance assume Micro Train Company has some money in a savings account. On 2010 December 31 the cash on deposit has earned one
Explain about statement of cash flows, Q. Explain about statement of cash f...
Q. Explain about statement of cash flows? Retained earnings usually consist of the accumulated net income of the corporation minus dividends distributed to stockholders. We exa
Cost sheet-orientation, Cost sheet is sheet Where all the cost should be re...
Cost sheet is sheet Where all the cost should be recorded which related to the produc.
Journal entry, What are the golden rule of accounting how to pass journal e...
What are the golden rule of accounting how to pass journal entry when strating bussines what
How to figure the discount using calculator, How To figure the discount usi...
How To figure the discount using calculator 1. Be sure that decimal selector is on 2 decimal places 2. Key in amount of the sale 3. Multiply by percent (use the percent key)
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