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Q. Taking a physical inventory in periodic inventory procedure?
Taking a physical inventory in periodic inventory Procedure Company personnel determine ending inventory cost by taking a physical inventory. Taking a physical inventory consists of counting physical units of every type of merchandise on hand. To compute inventory cost they multiply the number of each kind of merchandise by its unit cost. Then they merge the total costs of the various types of merchandise to provide the total ending inventory cost.
In taking a physical inventory company personnel should be careful to count all goods owned regardless of where they are located and include them in the inventory.
Q. What is Variable cost? Variable cost -- a cost which changes as production or sales change. If a business is producingnothing and selling nothing, variable cost must be zero
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how can i determine the total debt of a commercial bank? Which financial statement do i need to look?
How would I do this make it and adjustment account revenue 300.00 of supplies on hand 100.00 of unearned revenue is still unearned at the end of the month Accured salaries are 280
what is the matching rule applied?
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