481 Answered Questions for the topic Financial Accounting

Financial Accounting

11/24/15

FINANCIAL ACCOUNTING. SINGLE ENTRY SYSTEM . CONVERSION METHOD

Find out opening stock sales 1,60,000 rate  of gross profit 25% on sales purchases 1,40,000 closing stock 30,000
Financial Accounting

11/08/15

Accounting question, journal entry error regarding prepaid insurance

I am struggling to find what exactly is wrong about these journal entries? All the other examples I've looked up look the exact same. Please advise! Thanks.      Assume that you are the chief... more
Financial Accounting Accounting

06/28/15

Beginning inventory at cost $9,000, ending inventory at cost $7,000, net sales $50,000, cost of goods sold $46,000. The inventory turnover at cost is

Accounting  questions that I need answered to , can you help me. Beginning inventory at cost $9,000, ending inventory at cost $7,000, net sales $50,000, cost of goods sold $46,000. The inventory... more
Financial Accounting

03/28/15

Accounting Help

Pryce Company owns equipment that cost $65,000 when purchased on January 1, 2012. It has been depreciated using the straight-line method based on estimated salvage value of $5,000 and an estimated... more

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