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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 Marginal cost and marginal revenue? Marginal cost is the extra cost incurred by addingone more item. Marginal revenue is revenue from selling one more item. Economic
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A few account balances remain the same because no adjustments have affected them. For illustration the balance in Accounts Payable doesn't change and is simply extended to the Adju
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Company took loans of rs 400000from mbl and issued 8% debentures of rs 500000b as collateral security pass journal entries regarding issue of debentures if any and show the loan in
What is ACOUNTS RECEIVABLE LEDGER Businesses have several customers and individual businesses aren't assigned an account number they are just in alphabetical order. Accounts
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