2011 June 1 Mr. Edgar Detoya opened a bank current account with Land Bank of the Philippines in the amount of P1‚000‚000 and invested merchandise inventory valued at P45‚000 to start with his business. GJ Cash in Bank 1‚000‚000 Merchandise Inventory 45‚000 E. Detoya‚ Capital 1‚045‚000 Initial Investment June 15 Purchased store furniture and fixtures for cash from Ayala de Cebu costing P150‚000 plus VAT of 12%. Issued Check No. 48501 covered by Check Voucher No. 001. CDJ Store Furniture
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Correct Marks for this submission: 5/5. Question 5 Marks: 5 The left side of a T-account is known as the: Choose one answer. | a. Debit Side | | | b. Credit side | | | c. Claims side | | | d. Equity side | | Correct Marks for this submission: 5/5. 1 Marks: 5 Product costs are matched against sales revenue Choose one answer. | a. in the period immediately following the sale. | | | b. when the merchandise is purchased. | | | c. when the
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is fast and their impact on the economy is becoming bigger. How to manage the inventory effectively and efficiently often is a challenge for these small businesses. The study took place at COMETZ II TRADING‚ a company involved in car accessories. For COMETZ II TRADING two inventory problems‚ stock-out and overstock occur frequently. The company wants to improve its efficiency and is con-sidering a change in the inventory management. Cometz II Trading is the one of the biggest supplier of car’s accessories
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COORDINATOR‚ DEPARTMENT HEAD AND DEAN’S ACCEPTANCE SHEET This Application Project entitled INTERACTIVE EDUCATIONAL APPLICATION FOR CHILDREN (I-TEACH) After having been recommended and approved is hereby accepted by the Department of Computer Studies of Far Eastern University Diliman __________________________________ Michael R. Resurreccion Application Project Coordinator __________________________________ Racquel S.A. Samson Department Head __________________________________ Lakan-Asa
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person in front of them is talking but they do not listen to it well that is why they do not understand about the topic. I will give you further examples for you to understand what communication is. Mass Communication -is the academic study of how individuals and entities relay information through mass media to large segments of the population at the same time. It is usually understood to relate to newspaper and magazine publishing‚ radio‚ television and film‚ as these are used both for
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the Study Originally‚ in the era before computers‚ sales were tracked with counter ledgers or‚ later on‚ mechanically issued receipts from cash registers. Inventories had their own ledger book‚ meaning that the two systems were entirely separate out of necessity. With the advent of modern computer technology‚ it has become possible to combine the two systems into one digital process. While there have been a number of half-and-half systems created that incorporate computer design and sales/inventory
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process of confirming receivables follow: Step-1. Obtain Aged Schedule of Accounts Receivable The auditor should obtain an aged schedule of accounts receivable as of the confirmation date. He or she should apply the following procedures to this schedule: Determine that totals are correct. Compare all or a selected sample of account balances with the account balances in the accounts receivable subsidiary ledger. Investigate credit balances. Step-2. Select Accounts for Confirmation Auditors
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This project is aimed at developing a Computer-Based Sales and Inventory System for MySolutions. This system can be used to store the details of the inventory‚ update the inventory based on the sale details‚ produce receipts for sales‚ generate sales and inventory reports periodically etc. This is one integrated system that contains both the user component (used by salespersons‚ sales managers inventory managers etc) and the admin component (used by the administrators
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2 REVIEW OF RELATED LITERATURE AND STUDIES This chapter is about the related literature and studies of both local and foreign. It takes in article/magazine‚ books‚ internet/web and related thesis according to the same studies. Related Literature CHAPTER 2 REVIEW OF RELATED LITERATURE AND STUDIES In order to develop a thorough understanding and deeper insight into previous works and trends that is relevant to the subject‚ as well as to reach specific goals of the study‚ the researchers
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On September 1‚ the balance of the Accounts Receivable control account in the general ledger of Montgomery Company was $10‚960. The customers’ subsidiary ledger contained account balances as follows: Hurley $1‚440‚ Andino $2‚640‚ Fowler $2‚060 and Sogard $4‚820. At the end of September‚ the various journals contained the following information. Sales journal: Sales to Sogard $800‚ to Hurley $1‚260‚ to Giambi $1‚330‚ and to Fowler $1‚600. Cash receipts journal: Cash received from Fowler $1‚310‚ from
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