Income Statement Format- Merchandising, Manufacturing and Service Company
In practice for financial accounting, we ever knew cost of goods sold ( for merchandising company) or cost of products
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In practice for financial accounting, we ever knew cost of goods sold ( for merchandising company) or cost of products
Continue readingCost of Fixed asset may occur via two ways : buying and self construction. 1.Buying Fixed Asset Cost of fixed
Continue readingCost of service can be applied to an individual customer or as an average cost of service for a group
Continue readingCost of Inventory-Products for manufacturing company Cost of Inventory for manufacturing company The examples of manufacturing company are as follows.
Continue readingAccounting for Returns, Discounts and Sales Tax Learning Objectives I. Recording sales and purchases returns II. Accounting for Trade Discounts
Continue readingAccounting for Account Receivable | Trade Receivable Learning Objectives I. Cash and credit sales II. Accounting for irrecoverable debts III.
Continue readingCost of Inventory- Merchandise/Goods Cost of Inventory for merchandising company The examples of merchandising company are as follows. Company purchases
Continue readingMethods of Calculating the Cost of Inventory We will explain three main methods of calculating cost of inventory: specific cost,
Continue readingHow to Record Account Receivable (AR) Account Receivable (Trade receivables) arise when a business makes sales or provides a service
Continue readingAccrued Expense | Accrual An accrual Expense ( accrual) is an expense that has been incurred, but we have not
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