Does the choice of periodic pr perpetual systems have any impact on the COS for a year? Explain?
Answer to relevant QuestionsGrocery stores usually use bar code scanners for ringing up prices at check out. Does the use of bar code scanners necessarily mean that the store has a perpetual inventory system for measuring cost of sales?What is an involuntary conversion?What is done with the insignificant parts that are not treated as a separate component?Why might the term “income” mean different things?Developing Ltd. spends $ 46,700 on development. Under what circumstances will this cash outflow be reported in operating activities in the year of the expenditure, and in what circumstances will it be shown as a cash outflow ...
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