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. LIFO under periodic inventory procedure?
The LIFO (last-in, firstout) method of inventory costing presume that the costs of the most recent purchases are the first costs charged to cost of goods sold when the company actually sells the goods. In Exhibit 53 we illustrate the use of LIFO under periodic inventory procedure. Ever since the company charges the latest costs to cost of goods sold under periodic inventory procedure the ending inventory always consists of the oldest costs. Consequently when determining the cost of inventory under periodic inventory procedure the company lists the oldest units as well as their costs. The first units catalogued are those in beginning inventory then the first purchase and so on until the number listed agrees with the units in ending inventory. Therefore ending inventory in Exhibit consists of the 10 units from beginning inventory and the 10 units purchased on March 2. The overall cost of these 20 units USD 165 is the ending inventory cost the cost of goods sold is USD 525.
Q. Describe about Cash role in balance sheet? Cash includes deposits in banks obtainable for current operations at the balance sheet date plus cash on hand consisting of un-dep
Q. What is Net realizable value? Companies must not carry goods in inventory at more than their net realizable value. Net realizable value is the approximate selling price of a
What is the Fair labor standard act Fair labor standard act (Wages and Hours Law) establishes standards for minimum wages, child labor, overtime pay, required payroll record
hi i am lookimg forword someone to do my assignmet plz as i am not feeling weel to do it by myself
Goodwill is an intangible asset of a organization which contains company reputation, fame etc., By goodwill company share value may enhances
Accrual Concept The accrual concept makes a distinction among the receipt of cash, and the right to obtain it, and the payment of cash and the legal obligation for pay it. In
Q. Dividends paid to owners? Stockholders' equity is (a) improved by capital contributed by stockholders and by revenues earned through operations and (b) decreased by expenses
Periodic Review
State unemployment tax This is referred to as SUTA (State Unemployment Tax Act). The taxes are paid to the state in which employer conducts business. This rate varies from stat
Q. Explain about pegboard system? One more innovation in manual systems was the one write or pegboard system. Beside creating one document and aligning other records under it o
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