Question: Identify two reasons for discrepancies / variances between inventory general ledger figure and stock on hand figures

Identify two reasons for discrepancies / variances between inventory general ledger figure and stock on hand figures

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Task 3 the completed stock card of a firm using FIFO method of inventory pricing and a perpetual inventory system disclosed Date Detail Purchase Cost of Goods sold Balance Qty Unit cost $ Total Cost...

Q:

Explain why a stocktake is necessary (at least at the Balance Sheet date) as part of the reconciliation process even though a perpetual inventory system has been maintained Identify two possible...

Q:

a)Identify two possible reasons for discrepancies / variances between inventory general ledger figures and stock on hand figures as per the stocktake. B)What organisational policy, procedure or...

Q:

Need help completing this assignment, a complete answer is greatly appreciated! CASE ANALYSIS You have just been hired as an accountant by LifeStyle Furniture, a manufacturer of specialty, handmade...

Q:

TRIPLE PLAY,ING Triple Play, Inc. was established in 1982 by Randy Cleaver, Jim "Blucfish" Johnson, and Willie Lloyd, all ex-major league baseball players who were interested in offering quality...

Q:

See attached document in case formatting below is not accurate in the below portion: Question No. 1 Gem Potato Processors produces three products: fries, nuggets and crunchy peels. They are all made...

Q:

REVENUE CYCLE Sales Order Processing System The customer sales order is received via phone or through the mail. Gus Grinwich, the sales clerk, receives the sales order and checks the customers credit...

Q:

REVENUE CYCLE Sales Order Processing System The customer sales order is received via phone or through the mail. Gus Grinwich, the sales clerk, receives the sales order and checks the customers credit...

Q:

REVENUE CYCLE Sales Order Processing System The customer sales order is received via phone or through the mail. Gus Grinwich, the sales clerk, receives the sales order and checks the customers credit...

Q:

can u please create a xero id and compute the calculations by entering all the derisred values by following the instructions given below MPA 701 ACCOUNTING T3 2016 Assessment Task 3 Part A- A...

Q:

A 300-newton weight rests on a smooth (friction negligible) inclined plane that makes an angle of 30 with the horizontal. What force parallel to the plane will just keep the weight from sliding down...

Q:

The bob of a simple pendulum of length l = 40 in. is released from rest when = +5?. Assuming simple harmonic motion, determine 1.6 s after release (a) The angle , (b) The magnitudes of the velocity...

Q:

8. ___________ risk has led to greater regulation and has seen an increase in disclosure thereof in the financial statements and integrated reports

Q:

Determine the autocorrelation xx(m) of the random sequence x(n) = A cos(1n + ) Where the amplitude A and the frequency 1 are (known) constant and is a uniformly distributed random phase over the...

Q:

What is put-call parity?

Q:

A random process x(n) is characterized by the power density spectrumwhere ?2? is a constant (scale factor).(a) If we view ?xx(f) as the power spectrum at the output of a linear pole-zero system H(z)...

Q:

Determine the mean and the autocorrelation of the sequence x(n) generated by the MA(2) process described by difference equation x(n) = (n) - 2(n 1) + (n 2) Where (n) is a white noise process with...

Q:

Big-J Construction Company, Inc. (Big-J CC) is conducting routine periodic review of existing field equipment. The owner of Big-J CC has asked for a replacement evaluation of a paving machine now in...

Q:

A pointer holds a memory address.

Q:

2. Now imagine a real situation in your workplace or home situation where someone gives you feedback. a. Did you perceive the feedback as a hidden criticism? b. Did you perceive the feedback as a...

Q:

2. In this chapter, the reader should reflect on the following concepts: feedback and flexibility as a basis for change, intention and communication as a basis for change and behavioural patterns as...

Q:

Always have the dignity of the other or others as a backdrop.