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Q. Example of sales cycle of company?
For several retailers a large percentage of their annual sales occur during the period from Thanksgiving to Christmas. They efforts to stock just the right amount of goods to meet demand. Since this is a difficult approximation to make accurately several retailers end up with a large amount of unsold goods at the end of this season. The only way they is able to unload these goods is to offer huge discounts during the following period.
what will be the journal entry for this: A debit memo from the bank was received for bank charges P200.00
What steps would you take before approving an invoice for payment? Ans) Following steps should be taken.. ? Certify the invoice once it is matched for checking any holds..
What is Purchase Returns?
Explain the Recording employer's payroll taxes Debited to an expense account-Payroll Tax Expense. Credited to individual Tax Payable accounts These amounts are then sent
Lego Toys is planning to produce new toys at its factories. The setup cost of the production facilities, production costs and profits for each toy are given below: Toy Setup c
A recent cash budget showed estimated cash receipts of $159,000, estimated cash disbursements of $155,000, and a desired ending cash balance of $6,000, with no borrowing of funds
explain the separate set of books method for maintaining joint venture accounts
Q. Describe about ledger? A ledger (general ledger) is the absolute collection of all the accounts of a company. The ledgers are feasibly in a bound volume in, loose-leaf form
Based on the financial statements for Jackson Enterprises (income statement, statement of owner's equity, and balance sheet) shown below, prepare the following financial ratios.
How to create account for barter transactions? As My Company is providing a service to another company and that company is reimbursing us with his service.
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