题目1. Prepare journal entries to record the August transactions. Part A Crusaders Furniture Ltd uses a job order costing system. The August cost data were as follows: Raw Materials purchased on credit 411,840 Direct Labour costs426,240 Raw Materials issued to production383,0...
On 1 May 20X9 Marshall's cash book showed a cash balance of 336. During the week ended 6 May the following transactions took place. May 1 Sold 50 of cash from the bank for business use. May 2 Purchased goods from A Clarke on credit for 120 owing to R Hil
On 1 May 20X9 Marshall's cash book showed a cash balance of 336. During the week ended 6 May the following transactions took place. May 1 Sold 50 of cash from the bank for business use. May 2 Purchased goods from A Clarke on credit for 120 owing to R Hill, taking advantage of a...
The items purchased or produced last are the first items sold. Closing inventory items are considered to be part of the opening inventory from the same year. Items are assumed to have been sold in order of acquisition. That includes items in your inventory at the start of your year and tho...
providing the customer with instructions on how to set up chart of accounts; customized invoices and setup reminders; connecting bank accounts and credit cards. The QuickBooks Live Bookkeeping Guided Setup is not available for QuickBooks trial and QuickBooks Self Employed offerings, and does not inclu...
GST TCS on a payment that is received from an e-commerce operatorCreate and post a customer payment journalGo to Accounts receivable > Customer payment journal. Select New, and set the following values: Account type: Customer Account: NMF-CU000001 Credit: 67416.00 Offset account type: Bank ...
Cost of goods is recorded as an expense in accounting.Expensesis an account that records the cost of doing business, and cost of goods is a line item in this account. Expenses are recorded in ajournal entryas a debit to the expense account and separately as a credit to either an asset ...
System and method for allowing forward-sold goods purchased via credit/debit card to be resoldA system and a method for the resale of one or more forward-sold goods and/or services allows a transaction to be specified as one in which the goods or services may be resold by the purchaser ...
"Finished goods" are products that have gone through all manufacturing processes, but have not yet sold. A good of this kind can serve as a piece of inventory for a store or sit in storage in a warehouse. These goods do not make money for a business until they are purchased, though th...
Durable goods include washers, dryers, dishwashers, computers, televisions, refrigerators, cars, trucks, other electronics, machinery, tools, and semiconductors. Durable goods are those that are not purchased frequently as they last a long time. What Are Capital Goods? Capital goods are the goods ...