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What are the accounting journal entries to record the adjusting entry in a periodic system with an ending inventory of 15000 and a starting inventory of 20000?
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∙ 9y ago
Debit inventory expenses 5000
Credit inventory account 5000
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∙ 9y ago
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Provide answer to question 8.6a in business accounting volume 1-10th edition by frank wood Alan sangster?
F. Flint is starting a business. Before actually starting to sell anything, he bought fixtures for £1,200, a van for £6,000 and an inventory of goods for £2,800. Although he has paid in full for the fixtures and the van, he still owes £1,600 for some of the inventory. B. Rub lent him £2,500. After the above, Flint has £200 in the business bank account and £175 cash in hand. You are required to calculate his capital.
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There are a lot of accounting jobs reaching high and starting on the entry level. Good jobs to start with are audit accountant, audit associate, payroll associate, account clerk associate.
Bachalors accounting entry pay?
The entry pay for an individual holding their Bachelor's degree in accounting can vary greatly depending on their prior experience, location, and type of company they are working for. The average starting salary for an accountant with their BS degree is roughly $50-60,000 per year.
Is bad debt reported on the income statement as a contra revenue account?
It depends on when the Accounting period too place. From2011 onward, it was reported as an Expense. Starting in 2012, bad debt expense is reported as a contra Revenue account.
Where are lanthanides on the periodic table?
Top row, of the bottom two rows on the Periodic Table. (Period 6, starting at group 4)
What is the starting wage for a first year graduate in accounting in Venezuela?
35.60
Which is most needed in the early stage of business financial or managerial accounting?
Financial accounting should be used first when starting a new business.
Provide answer to question 8.6a in business accounting volume 1-10th edition by frank wood Alan sangster?
F. Flint is starting a business. Before actually starting to sell anything, he bought fixtures for £1,200, a van for £6,000 and an inventory of goods for £2,800. Although he has paid in full for the fixtures and the van, he still owes £1,600 for some of the inventory. B. Rub lent him £2,500. After the above, Flint has £200 in the business bank account and £175 cash in hand. You are required to calculate his capital.
What is a Science word starting with y?
yttrium. An element on Periodic Table
How do you calculate the cost of goods sold without an beginning or ending inventory?
It is ok with there is no opening or closing inventory in that case where company is starting business first month and also there would be no beginning inventory if in last month there were no closing inventory in that case purchases are considered as cost of goods sold.
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Charles Xavier Thomas, of France, is credited with starting the calculating and accounting machines industry when he introduced the arithmometer in the 1870s.
Frank Wood business accounting 1 answer to 33.10A question?
f.flint is starting a business. before actually starting to sell anything,he brought fixtures for $1,200, a van for $6,000 and an inventory of goods for $2,800.although he has paid in full for the fixture and the van, he still owes $1,600for some of the inventory.B.Rub lent him $2,500. After the above, flint has $200 in the business bank account and $175 cash in hand. what is the capital?
What does red ink entry mean?
it is a intrest which is calculated for the period starting from closing of accounting period to the date of maturity of the bill of exchange issued during accounting period. it is reversal entry
Does hoop mountain's initial franchise fee cover a starting inventory of supplies and products?
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Definition of accounting according to PICPA?
accounting is the process of counting starting from the letter A.
