Explain to Janine Company whether the buyer or the seller should include goods in transit in their
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
Goods in transit should be included in the inventory of ...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Principles Part 1
ISBN: 978-1118306789
6th Canadian edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
Question Posted:
Students also viewed these Cost Accounting questions
-
Suppose that an investor purchased a Eurodollar futures contract at an index price of 95.00. At the settlement date, suppose that the settlement price is 95.40. Explain whether the buyer or the...
-
The Middle Man When people want to buy goods from the local community seen on local ads or from their cell phone apps; many do not understand the potential dangers that are involved. Too many times...
-
Wilson Hum leased a commercial property to Frank Mosher for use as a pizzeria. The parties' agreement contained three important provisions: During the term of the lease, the tenant shall not sell,...
-
Gray Corporation began operations on January 1, 2017. The following information is available for Gray Corporation on December 31, 2017. Prepare an income statement, a retained earnings statement, and...
-
Balls, Hoops, and Bats, Inc., a producer of sports equipment, incurs the following types of costs: a. Depreciation on the production plant b. Depreciation on the corporate offices c. Wages of...
-
The diagram shows five of the energy levels in a helium ion. The lowest energy level is known as the ground state. a. Determine the energy, in joules, that is required to completely remove the...
-
What is corporate governance?
-
In 2013, Carlton, Inc., acquires a machine for $88,800. It expects the machine to last six years and to operate for 30,000 hours during that time. Estimated salvage value is $4,800 at the end of the...
-
What piece of hardware connects a peripheral device like a keyboard or mouse to the system bus? 1 point a device driver a device controller a semaphore a network port
-
USA Today posted this question on its website: "How often do you seek medical information online?" Of 1072 Internet users who chose to respond, 38% of them responded with "frequently." What term is...
-
If a company's days sales in inventory ratio decreases from one year to the next, would this be viewed as a sign that the company's inventory management has improved or deteriorated? Explain.
-
Why is it necessary to calculate cost of goods available for sale when applying FIFO or average in a periodic inventory system?
-
In Exercises 1940, calculate the derivative. d -((ax + b)(abx + 1)) (a, b constants) dx
-
What is the meaning of Shams ~ explain your answer.?
-
of During the year ended 30 Jun 2020, Genny, a resident of Australia, receives a fully franked dividend of $36276 Required: Calculate the amount that must be added to her assessable income in...
-
Examine the evolutionary adaptations of extremophiles to extreme environments, highlighting the molecular and physiological mechanisms that enable their survival.
-
which of the net working capital adjustments has the largest cash effect on 2012 operating cash flows in terms ofabsolute magnitude(can have positive or negative cash effect)? positive or negative...
-
Answers should be brief and concise. Philippine Tax Law 4. A sales employee working for a domestic corporation uses his personal car to visit the customers of the corporation. One day, the employee...
-
What exactly do the array_keys and array_values functions do?
-
For all of the following words, if you move the first letter to the end of the word, and then spell the result backwards, you will get the original word: banana dresser grammar potato revive uneven...
-
Set up T accounts for each of the general ledger accounts needed for Exercise 4-2A and post debits and credits to the accounts. Foot the accounts and enter the balances. Prove that total debits equal...
-
Jean Jones has opened Jones Consulting. Journalize the following transactions that occurred during January of the current year. Use the following journal pages: January 110, page 1, and January 1129,...
-
Set up general ledger accounts using the chart of accounts provided in Exercise 4-4A. Post the transactions from Exercise 4-4A to the general ledger accounts and prepare a trial balance.
-
15.5 kg is moving due east with a speed VA = 7.80 m/s, while object (B) of mass mB = 30.0 kg is moving in a direction that makes angle of 58 north of east with a speed VB = 5.20 m/s. The two objects...
-
An object is launched horizontally from the top of a cliff with an initial speed of 1 5 m / s . When the obiect has traveled a horizontal distance of 4 0 meters, how far below the launch point is the...
-
200 cubic metres of hot humid air are being cooled. The original air is at 33.5 degrees Celsius and has a relative humidity of 70%. It is cooled to 20 degrees Celsius. How much water condenses from...
Tumors And Cancers Central And Peripheral Nervous Systems 1st Edition - ISBN: 1351646842 - Free Book
Study smarter with the SolutionInn App