What is the main difference between the periodic system of accounting for inventory and the perpetual system
Question:
What is the main difference between the periodic system of accounting for inventory and the perpetual system of accounting for inventory?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 94% (17 reviews)
The main difference between the periodic system and the perpetual syst...View the full answer
Answered By
Asd fgh
sadasmdna,smdna,smdna,msdn,masdn,masnd,masnd,m asd.as,dmas,dma.,sd as.dmas.,dma.,s ma.,sdm.,as mda.,smd.,asmd.,asmd.,asmd.,asm
5.00+
1+ Reviews
15+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
What is the main difference between income statements for corporations and income statements for proprietorships and partnerships? Why does this difference exist?
-
What is the main difference between an analog voltage meter and an analog ammeter?
-
What is the main difference between journal entries in process costing and in job costing?
-
What other cost factors might you include in such an economic analysis? The proposed small office building in Example 3-2 has 24,000 net square feet of area heated by a natural gas furnace. The owner...
-
Refer to Apple's financial statements in Appendix A to answer the following. 1. Identify the items, if any, that make up Apple's long-term debt as reported on its balance sheet at September 26, 2015....
-
Which of the following is a criticism that supporters of the Behavioral Hypothesis would make of the Familial Hypothesis? A. Behaviors and dietary norms are passed down between generations. B....
-
An indirect way of measuring of secondary emission from ponds or large bodies of water used in waste treatment is to measure the concentration and velocity over the surface. The data can then be...
-
Chow Publications Inc. is a publicly traded media company focused on products for the home chef market. The company publishes a monthly magazine that can be purchased at newsstands and is available...
-
$ 143 is placed in an account that earns a nominal 8 percent interest, compounded quarterly. Calculate its worth in 8 years. Use 2 decimal places for your final answer.
-
Why don't bacteria (especially motile forms) grow throughout an agar medium, which is 97% H2O?
-
What financial statements are affected by an error in the ending inventory ?
-
Is a physical inventory necessary under the periodic system? Why or why not?
-
Why would managers use dividends as a means of conveying information about the businesss prospects? Why not simply issue a statement to shareholders? Try to think of at least one reason why managers...
-
A US corporation borrows Swiss francs for 1 year at 8%. For the next year, the Swiss franc is anticipated to fall by 6% against the dollar. What is the loan's effective interest rate?* A US company...
-
Fitzpatrick Novelties, an edgy producer of sportswear, has been experiencing a period of tremendous growth.Fitzpatrick does not currently pay any dividends, preferring instead to reinvest all...
-
12. The following table shows risk estimates for the monthly returns on Petco stock, the Fidelity Magellan mutual fund, and the S&P 500: Asset Petco B 14.0% 1.75 Fidelity Magellan 4.4% 1.00 S&P 500...
-
a) If a stock is up 1500% from the previous year, what are the chances in percentage wise that the upward momentum will continue? b) ocgn is one of these stocks. Will it continue to move upward in...
-
Calculate the following: 1. Break-even point in units 2. Break-even point in revenue
-
What are the central features of bureaucracy?
-
Is it a breach of fiduciary duty for a director of a real estate investment trust (REIT) negotiating a joint venture on behalf of the REIT with another director for the development of a portfolio of...
-
Find the Taylor series for (x) at c = 2. Rewrite the identity of Exercise 71 as Data From Exercise 71 Find the Maclaurin series of (x) using the identity f(x) = 1 (1-x)(1-2x)
-
From the following accounts, journalize the closing entries (assume that December 31 is the closing date). Mel Blanc, Capital 310 Gas Expense 510 8 Mel Blanc, Withdrawals 312 Advertising Expense 512...
-
Draw a T account of Income Summary and post to it all entries from question 3 that affect it. Is Income Summary a temporary or permanent account?
-
Draw a T account for Mel Blanc, Capital, and post to it all entries from question 3 that affect it. What is the final balance of the capital account?
-
During the fall season, a retailer determined that in order to meet the next season's planned sales, the total amount of merchandise required next season was $360,000 at retail, with an initial...
-
Explore the role of collateralized debt obligations (CDOs) and collateralized loan obligations (CLOs) in securitizing and tranched collateralized credit exposures. How do structured finance vehicles,...
-
The faculty members from a local school voted to determine the winner of the "Student of the Year" award. The candidates were Ivanna, Tony, and Michael. The voting ballots are summarized in the...
Study smarter with the SolutionInn App