advantages of price level accounting
merit and demerit of price level accounting
Weighted average or first in first out
it is also known as general price level accounting. under this method all items in the financial statements are restated in terms of constant unit of money.
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
advantages of price level accounting
what is the advantages and disadvantages of price legistlation
merit and demerit of price level accounting
There are quite a few advantages and disadvantages of fuel price hikes. One disadvantage is that less fuel is purchased bringing in less money.
price mechanism is hte demand and supply of goods and services
It means your mom can sell herself cheaper to me.
Helps one to become a smarter shopper, by doing accurate price comparison
E. R. Farmer has written: 'Accounting for inflationand price level changes' -- subject(s): Accounting and price fluctuations
lowers the supply of good creates a shortage
The advantages of bride price is that it shows appreciation from the groom and may also improve the financial status of the bride's family. The main disadvantages is that if it is not properly handled, it might cause strife between the two families.
Advantages: competition sells products at the lowest price and the best qaulity good Disadvantages: No government involved means some products could be harmful to people
Weighted average or first in first out