With you the back is the balance of Al-Tawfiq stores, a set of balances, including 1600 Ruani,
Question:
With you the back is the balance of Al-Tawfiq stores, a set of balances, including 1600 Ruani, 900 shop rent, 1600 stationery, 1000 revenues or financial revenues, 500 pre-received receipts, and on the date of the inventory, you know the following address of Kurd and Chat
1- Monthly salaries 100 dinars. .
2- There is a rent payable of 300 dinars.
3- The semi-annual securities revenue of 600 dinars.
4- The value of the stationery that was used is 600 dinars.
5- Revenue pertaining to the period is 60% of the revenues received in advance.
What is required is:
1- Establishing the necessary inventory adjustments entries.
2- Make the necessary locking restrictions.
3- A statement of the effect of inventory adjustments on accounts affected by the inventory.
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi