24. The cost of a machine to be recorded in the Machinery account includes any transportation and installation charges necessary to get the machin in place and ready for use. 25. The use of perpetual inventory system eliminates the need of taking a phys...
JEC uses a perpetual inventory system. 1. If manager of JEC is motivated to maximize net income, which inventory cost flow assumption would most likely be used for computers? 2. What should be balance for JEC'S inventory account at December 31 (...
Add a function to allow the user to enter an event and date (time might be included as part of the event listing or could be entered as a separate item The events are to be written to a text file, one event per line; the fi...
Machete Traders specialises in selling quality household appliances and various household goods. The business is a registered VAT vendor and applies the principles of the perpetual inventory system. The VAT rate is15%.The following is an extract from the tria...