What accounts are used in a periodic inventory system but not in a perpetual inventory system?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
Accounts that are used only in ...View the full answer
Answered By
Sarah Khan
My core expertise are:
-_ Finance
-_ Business
-_ Management
-_ Marketing Management
-_ Financial Management
-_ Corporate Finance
-_ HRM etc...
I have 7+ years of experience as an online tutor. I have hands-on experience in handling:
-_ Academic Papers
-_ Research Paper
-_ Dissertation Paper
-_ Case study analysis
-_ Research Proposals
-_ Business Plan
-_ Complexed financial calculations in excel
-_ Home Work Assistance
-_ PPT
-_ Thesis Paper
-_ Capstone Papers
-_ Essay Writing etc...
5.00+
91+ Reviews
92+ Question Solved
Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Question Posted:
Students also viewed these Managerial Accounting questions
-
What is the difference between a periodic inventory system and a perpetual inventory system? Discuss.
-
What accounts are used to record inventory purchase transactions under the periodic inventory system? Why aren't these accounts used in a perpetual inventory system?
-
A company uses a periodic inventory system on august 1, the company had 6 items of beginning inventory with a cost of $7 per unit on August 3, the company purchased 16 units at $14 per unit then, on...
-
} S 1995 the # of Farms Century, data year 1935 1990 19.50 Aumcon people living on declined steadily during the shown by the Follow g as (in milion of persons) from 1935 19.55 1960 1965 11975 1980...
-
Determine the standard heal of each of the following reactions at 25(C: (a) N2(g) + 3H2(g) ( 2NH3(g) (b) 4NH3(g) + 5O2(g) ( 4NO(g) + 6H2O(g) (c) 3NO2(g) + H2O(l) ( 2HNO3(l) + NO(g) (d) CaC2(s) +...
-
A certain gas occupies \(0.1 \mathrm{~m}^{3}\) at 1 bar pressure. It is compressed adiabatically to a pressure of \(7 \mathrm{bar}\). Find the new volume, and change in internal energy. The density...
-
While completing this homework, imagine the study space you are using employs a space heater with a rating of \(30 \mathrm{~kW}\), a refrigerator (for snacks) that is rated for \(5 \mathrm{~kW}\),...
-
For the previous month, the Ellram Lounge served 1,500 customers with very few complaints. Their labor cost was $3,000; material cost was $800; energy cost was $200; and building lease cost was...
-
Discuss the concept of thread safety and the role of immutable data structures in multi-threaded applications. How can the use of immutable data help reduce synchronization overhead and prevent data...
-
What are the two elements that an employee must show to make a successful Title VII claim? Do you think the motivating factor standard is appropriate for discrimination claims based on national...
-
What guidance does the accounting constraint of conservatism offer?
-
Refer to Apples financial statements in Appendix A and compute its cost of goods available for sale for the year ended September 26, 2009.
-
In problem, use a calculator to evaluate each expression. Round your answer to three decimal places. In 4 + In 2 log 4 + log 2
-
Hellriegel et al. define management as 'the process of getting things done, effectively and efficiently, through and with other people'. This makes it seem that management is a simple task, but it is...
-
Many families rent their living quarters. So how much does it cost to rent an apartment? Find TWO apartments in the same zip code. Compare and contrast each unit. Supply the following information:...
-
How do you '' sell yourself ''? I mean.... You personally. What do you do that makes you a defining difference maker in the art of sales? Your explanation can be the way you dress, talk, prepare, etc
-
What type of analysis is usually performed when considering a facility expansion?
-
Glenvale Furniture has projected sales of its product for the next six months as follows. January 80 units February 180 units March 200 units April 160 units May 60 units June 140 units The product...
-
Assume that TCP implements an extension that allows window sizes much larger than 64 kB. Suppose that you are using this extended TCP over a 1-Gbps link with a latency of 100 ms to transfer a 10-MB...
-
A sprinkler head malfunctions at midfield in an NFL football field. The puddle of water forms a circular pattern around the sprinkler head with a radius in yards that grows as a function of time, in...
-
What is the output of the following when run as java FirstName Wolfie? (Choose two.) A. FirstName B. Wolfie C. The code throws an ArrayIndexOutOfBoundsException. D. The code throws a...
-
Enter the number for the item that best completes each of the descriptions below. 1. General ledger 2. Chart a. The ___________ is a record containing all accounts used by a company. b. A _________...
-
The expanded accounting equation consists of assets, liabilities, capital, withdrawals, revenues, and expenses. It can be used to reveal insights into changes in a companys financial position....
-
What is the purpose of accounting in society?
-
An investor put 60 percent of his money into a risky asset offering a 10 percent return with a standard deviation of return of 8 percent, and he put the balance of his risk-free asset offering 5...
-
Ida Company produces a handcrafted musical Instrument called a gamelan that Is similar to a xylophone. The gamelans are sold for $949. Selected data for the company's operations last year follow:...
-
There is a bonus with the following characteristics: nominal value $98.650.000 annual coupon rate 4.5% term 5 years, tir 6.5% A) Calculate the price of the bond assuming it is zero coupon B)...
Study smarter with the SolutionInn App