Explain each of the entries in the following inventory account: Inventory 4,500 6,300 Trading a/e 4,600 Trading
Question:
Transcribed Image Text:
Inventory 4,500 6,300 Trading a/e 4,600 Trading a/e Trading ale
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (17 reviews)
Certain entries are required in respect of inventory in each period These are as follow...View the full answer
Answered By
Sidharth Jain
My name is Sidharth. I completed engineering from National Institute of Technology Durgapur which is one of the top college in India. I am currently working as an Maths Faculty in one of the biggest IITJEE institute in India. Due to my passion in teaching and Maths, I came to this field. I've been teaching for almost 3 years.
Apart from it I also worked as an Expert Answerer on Chegg.com. I have many clients from USA to whom I teach online and help them in their assignments. I worked on many online classes on mymathlab and webassign. I guarantee for grade 'A'.
4.90+
3+ Reviews
10+ Question Solved
Related Book For
Introduction To Financial Accounting
ISBN: 978-0077138448
7th edition
Authors: Anne Marie Ward, Andrew Thomas
Question Posted:
Students also viewed these Accounting questions
-
Explain each of the following terms: authorized ordinary shares, unissued ordinary shares, issued ordinary shares, outstanding ordinary shares, and treasury shares.
-
Explain each of the following terms: (a) Authorized capital stock, (b) Issued capital stock, and (c) Outstanding capital stock.
-
Explain each of the following preferred stock dividend preferences: (l) Current dividend preference, (2) Cumulative dividend preference, (3) Participating dividend preference.
-
1. Calculate the density of O2, in g/L, at STP. 1.62 g/L b. 0,714 g/L 1.43 g/L. d. 1.14 g/L e. 0.810 g/L a. .
-
Bovine Company, a wholesale distributor of DVDs, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement below: Sales . . . . . . . . . ....
-
The following model was fitted to a sample of 25 students using data obtained at the end of their freshman year in college. The aim was to explain students weight gains: y = 0 + 1x1 + 2x2 + 3x3 + ...
-
William Stem filed an action against Gary Braden, seeking to rescind a contract for the sale of an automobile and to obtain the return of the purchase price plus interest. The trial court granted...
-
Adirondack Paper Mills, Inc., operates paper plants in Augusta, Maine, and Tupper Lake, New York. Warehouse facilities are located in Albany, New York, and Portsmouth, New Hampshire. Distributors are...
-
Interest I, Shakira Wishes To Barrow 8230,000 Eroun A Bank To Buy A House. The But It Is Compounded Monthly. She Wants To Know What Ber Monthly Payment 4.8% Per Year In Order To Pay Off The Loan In...
-
Explain why a router using link-state routing needs to receive the whole LSDB before creating and using its forwarding table. In other words, why cant the router create its forwarding table with a...
-
Explain the relevance of inventory in the determination of gross profit.
-
A company has 100 units in inventory at the start of the year valued at 1,000. During the year it purchases a further 500 units for 5,000 and sells 400 units for 8,000. Required a. What is the...
-
The responses of 1254 voters to a survey about the way the media conducted themselves in the 2016 presidential campaign are shown in the Pareto chart. Find the probability of each event. (a) Randomly...
-
Consider the nature of bullying/incivility and its impact on the victim in contemporary organizations.
-
From the payroll summary of Henry M Thomas for the week ended 7 October 2022, prepare a payroll register. Ordinary hours are 35 hours per week. Assume all employees have provided a tax file number...
-
Comment on the management of confict with reference to styles of confict management, the use of superordinate goals, and formal negotiations.
-
Identify the distinctive features of appreciative inquiry.
-
What is meant by the transactional model of stress and how does it differ from the approach to the analysis of stress known as the job demandshuman resource model?
-
Timothy Gates and Prada Singh decide to form a new company, TGPS LLC (a multimember LLC that will report its operations as a partnership). Timothy is married, and Prada is single. Each contributes...
-
Use the graphs of f and g to graph h(x) = (f + g) (x). To print an enlarged copy of the graph, go to MathGraphs.com. 1. 2. y 24 8. 2. -2 -2 4 6
-
Use the format of Exhibit 1-2 to analyze the following transactions for April of Marymount Services, Inc. Then prepare a balance sheet as of April 30, 20X1. Marymount Services was founded on April 1....
-
Consider the following January transactions: 1. On January 1, 20X1, three persons, James, Bosh, and Wade, formed JBW Corporation. JBW is a wholesale distributor of electronic equipment. The company...
-
Suppose you began a business as a wholesaler of Auto Parts In Lisbon . The following events have occurred (the symbol represents the euro, the European currency): 1. On March 1, 20X1, you invested...
-
During Year 3, Jordan Corporation reported after-tax net income of $3,580,000. During the year, the number of shares of stock outstanding remained constant at 10,000 of $100 par, 10 percent preferred...
-
XYZ is a company based in Pune that offers financial courses to students. It has a system which has trading screens so people can learn using live markets. Its system and financial courses will be...
-
what ways do supranational organizations such as the World Trade Organization (WTO) shape and regulate the global economic landscape, and what are the implications for national sovereignty?
Study smarter with the SolutionInn App