Name at least three accounts that would normally appear in the chart of accounts of a merchandising
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (15 reviews)
Three Accounts that appear in the chart ...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
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Question Posted:
Students also viewed these Accounting questions
-
Name at least three accounts that would normally appear in the financial statements of a merchandising business, but would not appear in the chart of accounts of a service business.
-
Name three accounts that would normally appear in the chart of accounts of a retail business but would not appear in the chart of accounts of a service business.
-
Name three accounts that would normally appear in the chart of accounts of a merchandising business but would not appear in the chart of accounts of a service business. What type of accounts are...
-
Matheny Inc. went public 3 years ago. The board of directors will be meeting shortly after the end of the year to decide on a dividend policy. In the past, growth has been financed primarily through...
-
Murphy Company's total liabilities on December 31, 2017, amounted to $1,500,000. The debt to- equity ratio on this date was 1.5 to 1. Net income for 2017 was $250,000, and the profit margin was 5%....
-
L.J.'s Toys, Inc., just purchased a $375,000 machine to produce toy cars. The machine will be fully depreciated by the straight-line method over its five-year economic life. Each toy sells for $21....
-
Give three reasons that studies in biology sometimes have more than one explanatory variable.
-
The following table contains the activities for planning a wedding and the activity time estimates. However, the precedence relationships between activities are not included. Using your best...
-
Write a critical research paper about if social media should be deemed as a negative or positive effect in one's social life?
-
Gordons Plants has the following partial income statement for 2009: a. If Gordons has no preferred stock, what is its financial break-even point? Earnings before interest and...
-
What type of revenue is reported in the other income section of the multiple-step income statement?
-
What is the nature of? (a) A credit memo issued by the seller of merchandise, (b) A debit memo issued by the buyer of merchandise?
-
Explain approach-avoidance conflict. Give a realistic organizational example of where it may occur.
-
a) Using the k-means clustering algorithm, Cluster the following eight points (with (x, y) representing locations) into three clusters. Initial cluster means are A1, A4, and A7. A1 (2, 10), A2 (2,5),...
-
Suppose there are 16 words (4 bytes of words) per block in a 128 KB Direct Memory Access Pocket Memory system. Show how a 32-bit physical memory is mapped on a cache block by drawing the block...
-
Under Code section 752(c), if the face value of an obligation exceeds the fair market value of the property that secures the debt, what is the amount of the debt that can be treated as a liability...
-
Select the statement that is TRUE. Larceny is the theft of assets before being recorded, and skimming is theft of assets after they are recorded in the books. Skimming can only occur with cash as...
-
Nova Company's total overhead cost at various levels of activity are presented below: Month April May June July Machine- Hours 49,000 39,000 59,000 69,000 Total Overhead Cost $ 185,880 $ 159,680 $...
-
What was the historic significance of the Ayllon and Michael work with Lucille and friends?
-
What is the difference between the straight-line method of depreciation and the written down value method? Which method is more appropriate for reporting earnings?
-
Once again identify the clusters in Exercise 6 data, this time by applying the k-means algorithm, with k = 3. Try using initial cluster centers as far apart as possible. Exercise 6 Suppose that we...
-
Shore Co. sold merchandise to Blue Star Co. on account, $112,000, terms FOB shipping point, 2/10, n/30. The cost of the merchandise sold is $67,200. Shore Co. paid freight of $1,800 and later...
-
Shore Co. sold merchandise to Blue Star Co. on account, $112,000, terms FOB shipping point, 2/10, n/30. The cost of the merchandise sold is $67,200. Shore Co. paid freight of $1,800 and later...
-
Shore Co. sold merchandise to Blue Star Co. on account, $112,000, terms FOB shipping point, 2/10, n/30. The cost of the merchandise sold is $67,200. Shore Co. paid freight of $1,800 and later...
-
Suppose we have the following information for an economy: Y = 100, C=0.8Y, J = 20 (i) (iii) (iv) (v) What is the marginal propensity to consume domestically produced goods? What is the marginal...
-
Calculate the effects of the following pulse sequences on thermal equilibrium magnetization. The final answer should include x-, y-, and z- components of magnetization. a) 90x (a pulse with tip angle...
-
A firm currently offers a single product within the product category. The product management team is considering the development of a new high-featured and high-priced offering. a) Should they expect...
Study smarter with the SolutionInn App