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picture1_Inventory Pdf 194166 | Principleof Acct Ii


picture2_Inventory Pdf 194166 | Principleof Acct Ii picture3_Inventory Pdf 194166 | Principleof Acct Ii

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File: Inventory Pdf 194166 | Principleof Acct Ii
CHAPTER ONE ACCOUNTING FOR MERCHANDISING INVENTORIES Inventories Inventories are; – Asset items held for sale in the ordinary course of the businesses. – Goods that will be used or consumed ...

icon picture PDF Filetype PDF | Posted on 06 Feb 2023 | 2 years ago

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...Chapter one accounting for merchandising inventories are asset items held sale in the ordinary course of businesses goods that will be used or consumed production to sold classification classified two major areas i merchandise purchased resale normal operation ii manufacturing constitutes business produces physical output note focus this determination inventory importance most active elements operations principal sources revenue cost is largest deduction from sales current systems periodic and perpetual system no continuous record account balance remains same through period when they debited purchase rather than recorded each time a made entry at cgs it less costly maintain but provides management information about status often by retail sell many kinds low unit e g drug stores groceries etc amount continuously disclosed so not remain all increases decreases credited reported addition journal possible determine ei under there need counting companies high automobile pa determining actua...
								

							

						
	
												
				
					
					
					
			
					
				
				
		
	

	
		





	

	
				

						

						
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										Category:  Uncategorized / Uncategorized 
										
Posted on: 06 Feb 2023 | 2 years ago
										
										
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Filetype: PDF
										
File size: 0.69 MB
										
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												Wan learn