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. Example of perpetual inventory procedure?
The Perpetual inventory procedure Companies use perpetual inventory procedure in a range of business settings. In the past companies that sold merchandise with a high individual unit value such as furniture, automobiles and appliances used perpetual inventory procedure. Today computerized cash scanners, registers and accounting software programs automatically keep track of inflows and outflows of each inventory item. Computerization composes it economical for many retail stores to use perpetual inventory procedure even for goods of low unit value such like groceries.
Under perpetual inventory method the Merchandise Inventory account provides close control by showing the cost of the goods that are imaginary to be on hand at any particular time. Companies debit the Merchandise Inventory account for every purchase and credit it for each sale therefore that the current balance is shown in the account at all times. Habitually firms as well maintain detailed unit records showing the quantities of each kind of goods that should be on hand. Company personnel as well take a physical inventory by actually counting the units of inventory on hand.
meaning of accounts receivable
Q. Describe about Net sales? Sales -- amounts received or due for services or goods sold to customers. Gross sales aretotal sales before any returns or adjustments. Net sales a
Q. What do you mean by bookkeeping? Accounting is frequently confused with bookkeeping. Bookkeeping is a mechanical procedure that records the routine economic activities of a
Q. General-purpose financial statements? Accountants prepare general-purpose financial statements at usual intervals to meet many of the information needs of external parties a
Fundamental of Accounting 1. Explain the concept of accrued income with the help of an example. 2. Explain the five disadvantages of Single Entry System? 3. Explain the s
Q. Advantages and Disadvantages of FIFO? FIFO: Advantages (a) FIFO is easy to apply (b) the assumed flow of costs habitually corresponds with the normal physical flow of goods
Adjustments for financial reporting - Explain the basic characteristics of the cash basis and the accrual basis of accounting. - Recognize the reasons why adjusting entries
Q. What is Depreciation? Depreciation -- an expense which is supposed to reflect the loss in value of a fixed asset. Forinstance if a machine will entirely wear out after ten y
This is due to every organization wants profit to operate, and as results the fmcg gods turn to have a moving market than that of the hardware goods, because the products does not
Assignment Comments – Debt-to-assets ratio: 50% Current Ratio: 1.8x Total assets turnover: 1.5x Days sales outstanding: 36.5 days* Gross profit margin
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: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd