0
What can go to Expense Account Choose ccounts payable interest revenue accounts receivable merchandise inventory accumulated depr - building mortgage payable accumulated depr - equipment office?
Wiki User
∙ 13y ago
Accumulated Depreciation Building and
Accumulated Depreciation Equipment office
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Is merchandise inventory less liquid than store equipment?
Merchandise inventory is more liquid than store equipment. Merchandise inventory can change daily and be readily sold where equipment does not change daily and is not normally sold unless it is being replaced or the company is going out of business.
Question about accounts receivable and inventory?
account receivable and inventory
In terms of liquidity merchandise inventory is more liquid than accounts receivable?
No according to my test reviews and checking the order in the statements
What is merchandise inventory system?
Merchandise inventory:
When merchandise is returned under the perpetual inventory system the buyer would credit a. Accounts Payable b. Merchandise Inventory c. Purchases Returns and Allowances...?
The Buyer would likely perform the following transaction: DR- Account Receivable CR - Merchandise Inventory The Buyer would probably debit CASH if they receive CASH from the Seller instead of having to WAIT on it. The Merchandise Seller would perform the following transaction: DR - Merchandise Inventory CR - Accounts Payable, OR CASH
Is merchandise inventory less liquid than store equipment?
Merchandise inventory is more liquid than store equipment. Merchandise inventory can change daily and be readily sold where equipment does not change daily and is not normally sold unless it is being replaced or the company is going out of business.
Question about accounts receivable and inventory?
account receivable and inventory
In terms of liquidity merchandise inventory is more liquid than accounts receivable?
No according to my test reviews and checking the order in the statements
What is merchandise inventory system?
Merchandise inventory:
When merchandise is returned under the perpetual inventory system the buyer would credit a. Accounts Payable b. Merchandise Inventory c. Purchases Returns and Allowances...?
The Buyer would likely perform the following transaction: DR- Account Receivable CR - Merchandise Inventory The Buyer would probably debit CASH if they receive CASH from the Seller instead of having to WAIT on it. The Merchandise Seller would perform the following transaction: DR - Merchandise Inventory CR - Accounts Payable, OR CASH
What are in assets accounts?
Assets in Accounting is all cash, accounts receivable, inventory, merchandise, property, equipment that is owned by a business and/or company.According to investorwords.com the meaning of Assets in Accounting is...Any item of economic value owned by an individual or corporation, especially that which could be converted to cash. Examples are cash, securities, accounts receivable, inventory, office equipment, real estate, a car, and other property.
When using a perpetual inventory system why are discounts credited to merchandise inventory?
The discounts reduce the cost of the merchandise inventory.
What is theMerchandise Inventory?
Merchandise Inventory is a stock of products on hand of a merchandise company intended for sale.
Under a perpetual inventory system acquisition of merchandise for resale is debited to?
Merchandise Inventory account
What type of account is Merchandise Inventory?
Merchandise Inventory is an asset account that shows up on the balance sheet.
How do you spell inventory?
That is the correct spelling of the word "inventory" (stock of merchandise).
Merchandise Inventory is found on the income statement. True or false?
It is true that merchandise Inventory is found on the income statement.
