Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
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.
Q. Consistency in accounting principle? Consistency necessitates that a company use the same accounting principles and reporting practices through time. Consistency makes possi
An accounting is a service function. The main accounting executive through whatever name he is termed as holds a staff position except inside his own department where he exerts aut
Lower of Cost or Market Inventory Bob's Jewelry Company's inventory records indicates the fol
Q. Economic substance of the transaction? In a few business transactions the economic substance of the transaction conflicts with its legal form. For instance a contract that i
Q. What is current ratio in terms of accounting? The current ratio specifies the short-term debt-paying ability of a company. To find the current ratio we divide current assets
A sweep account is actually a grouping of two or more accounts at a bank. It is useful in managing a steady cash flow among a cash account where scheduled payments are made from an
Finance Officer: the life blood of business is Finance. Procuring financial resources and their judicious utilization are the two significant activities of financial management. F
Determine the Income Statement columns of Worksheet Income Statement columns of the worksheet would comprise the amounts from Adjusted Trial Balance columns which are expenses
Ask queshow to be an experttion #Minimum 100 words accepted#
Q. Describe about Capital? Capital -- money invested in a business by its owners. On the right side or bottom of a balance sheet. Capital also denotes to machinery, buildings a
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd