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Is tax based on the price of goods and paid at the time purchased?
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What are the differentiate freight-in from freight out?
Frieght in is when paid at time of goods purchased while freight out is when paid at the time of sales of products.
When goods are shipped FOB destination and the seller pays the transportation charges what journal entry does the buyer make?
Journal entry in the books of the buyer: [Debit] Goods Purchased xxxx [Credit] Cash/bank xxxx As buyer has not paid the freight charges, he will only record the transaction with original goods purchased amount.
What will be the cost of goods sold for a car dealer?
If you make or buy goods to sell, you can deduct the cost of goods sold from your ... An automobile dealer must record the cost of a car in inventory reduced. A car dealers cost of goods sold is the price they paid for the car plus any improvements or repairs that were added to the inventory value.
Example of Paid-Up Capital?
The amount of money received by shareholders that have paid for the shares they purchased is paid-up capital. An example is the shares a company offers to shareholders that are paid for and not shares that have not been purchased but have been bid on.
What is the journal entry if goods received but invoice is not received?
i received goods but not invoice so i have not actually paid for my goods? help
What is a tax based on the price of goods and paid at the time of purchase?
A tax based on the price of goods and paid at the time of purchase is a sales tax.
What is money colonists paid for goods purchased from other countries?
The colonists were forced to pay tariffs on many of their goods which were imported from other countries. This drove up the price of the items and hurt the colonies financially.
A or duty is money colonists paid for goods purchased from other countries?
A tariff is a tax on imported goods that colonists paid for purchases from other countries.
What are Goods purchased for future use in the business such as supplies called?
pre paid expenses
What are the differentiate freight-in from freight out?
Frieght in is when paid at time of goods purchased while freight out is when paid at the time of sales of products.
What is the effect of an import tariff charged on particular goods?
The price paid by consumers is increased.
What is the total goods and services in the economy available at all possible price levels?
Consumer Price Indexes is monthly data on changes in the prices paid by consumers for a goods and services.
What is the price paid for copper wiring in san Jose?
depends on the size, type of insulation, quantity purchased?
When goods are shipped FOB destination and the seller pays the transportation charges what journal entry does the buyer make?
Journal entry in the books of the buyer: [Debit] Goods Purchased xxxx [Credit] Cash/bank xxxx As buyer has not paid the freight charges, he will only record the transaction with original goods purchased amount.
What does imposing tariffs mean?
A tariff is a tax paid on goods brought into a colony or country; tariffs protect internal production by raising the price of imported goods.
Dimitri paid the same price for five different stocks. The table shows the change in the price of the stocks since he purchased them.What is the magnitude of the change of Stock A–4–4.1544.15?
4.15
What is commission sales?
When you are paid on a commission basis, you receive a certain percent of the price of the goods/services you sold, rather receiving a wage or salary.
