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picture1_Inventory Pdf 194363 | Periodic Inventory Introduction


picture2_Inventory Pdf 194363 | Periodic Inventory Introduction picture3_Inventory Pdf 194363 | Periodic Inventory Introduction

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File: Inventory Pdf 194363 | Periodic Inventory Introduction
ACCOUNTING Lesson: Notes, Tasks and solutions Inventory Control System Learning Outcome 3: Managing Resources 11.3.4 Record transactions in the subsidiary journals and ledgers, utilising the periodic inventory system ...

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

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...Accounting lesson notes tasks and solutions inventory control system learning outcome managing resources record transactions in the subsidiary journals ledgers utilising periodic compare it to perpetual what is a method of finding value merchandise at intervals by taking physical count stock provides cost goods sold data only when counted for example year end purchase or sale recorded purchases account there no continuous recording trading movement updated on basis each period e g monthly quarterly not possible ascertain from books accounts hand should be costs materials used cannot calculated until determined are subtracted sum opening periodically usually may purchased units r per unit credit transaction journal post sales debtors creditors debit under all during following entry quantity left x note adjustment adjusts closes out any runs difference through total xr beginning ending posting ledger dr cr cj gj dj advantages this costly less work disadvantages profit loss gain noticed t...
								

							

						
	
												
				
					
					
					
			
					
				
				
		
	

	
		





	

	
				

						

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