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What else can I help you with?
When services are sold on account?
Services are sold on account by which, when you receive revenue or income, it will be receivable if the revenue or income are not earned when the services is/or/are already performed
Cost of goods sold in cost accounting?
Cost of goods sold.
Cost of goods sold is determined only at the end of the accounting period in?
The inventory system used to determine the cost of goods sold at the end of accounting period is called Periodic Inventory System. This requires physical inventory check.
What is gasoline sold by?
At the pump station services Gasoline is sold by the gallon.
What is consignment arrangement in financial accounting?
when the consignor has ownership until goods are sold to a customer
What is indirect services?
services produced and then sold to other people in need of them
Are stocks considered assets in financial accounting?
Yes, stocks are considered assets in financial accounting because they represent ownership in a company and have value that can be traded or sold.
What is required for the law of one price to hold exactly?
The law of one price holds exactly when identical goods are sold in different markets at the same price after accounting for exchange rates and transportation costs.
Why do consumers directly benefit from greater productivity?
Goods and services are produced faster and can be sold more cheaplyGoods and services are produced faster and can be sold more cheaply.It is easier to compare prices. Goods and services are produced faster and can be sold more cheaply.
When does the cost of inventory become an expense?
The cost of inventory becomes an expense when the inventory is sold to customers, at which point it is recorded as Cost of Goods Sold (COGS) on the income statement. This transition reflects the matching principle in accounting, where expenses are recognized in the same period as the revenues they help generate. Until the inventory is sold, it remains an asset on the balance sheet.
What is the commercial value of Mexico City?
I gues you mean "Gross Domestic Product", or total value of products and services sold throughout the city in a year. That would be of some US$ 168 billion for 2006, accounting for 21.5% of Mexico's total GDP.
If items are sold before probate do they have to be returned?
It is not necessary to return items sold before probate. But there must be a full accounting and all monies put to the estate.
