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Q. What do you mean by Supplies on hand?
Supplies on hand approximately each business uses supplies in its operations. It may classify supplies merely as supplies to include all types of supplies or more specifically as office supplies paper, stationery, floppy diskettes, pencils and selling supplies gummed tape, string, paper bags, cartons, wrapping paper, or training supplies transparencies, training manuals. Often companies buy supplies in bulk. These supplies are an asset till the company uses them. This asset possibly called supplies on hand or supplies inventory. Although these terms indicate a prepaid expense the firm doesn't use prepaid in the asset's title.
uses of accounting as a software enginner
I am requesting for literature review and past studies on CDS.
Q. What is FOB destination? FOB destination signifies free on board at destination. The seller ships the goods to their destination with no charge to the buyer. Therefore the s
On June 1st, Green Pea, Inc. purchased $1,200 worth of supplies on account. How does this transaction affect Green Pea's accounts? a. Increase supplies and accounts payable by $
State about the Cash payments journal A special journal used to record any payment of cash. There would be a check number given to be recorded in journal as well. Source docume
what are the implications of applying accounting concepts wrongly
Q. Interest rate implied in cash discounts? Interest rate implied in cash discounts to decide whether you should take benefit of discounts by using your cash or borrowing makes
Please explain I'm so lost Chandler Ltd. estimates sales for the second quarter of 2014 will be as follows. Month Units April 2,550 May 2,475 June 2,390 The t
What is the implication of applying accounting concepts wrongly
what is the implication of applying accounting concepts wrongly
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