To find the value of closing stock at the end of a period we (A) do this
Question:
To find the value of closing stock at the end of a period we
(A) do this by stocktaking
(B) look in the stock account
(C) deduct opening stock from cost of goods sold
(D) deduct cost of goods sold from sales.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
A do this by stocktaking To find the value of closing stock at the end of a period a physica...View the full answer
Answered By
Ma Kristhia Mae Fuerte
I have extensive tutoring experience, having worked as a private tutor for over three years. I have tutored students from different academic levels, including high school, undergraduate, and graduate levels. My tutoring experience has taught me to be patient, attentive to student needs, and effective in communicating difficult concepts in simple terms.
I have a strong background in statistics, probability theory, data analysis, and data visualization. I am proficient in using statistical software such as R, Python, and SPSS, which are commonly used in academic research and data analysis. Additionally, I have excellent communication and interpersonal skills, which enable me to establish rapport with students, understand their learning styles, and adapt my teaching approach to meet their needs.
I am passionate about teaching and helping students achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
Question Posted:
Students also viewed these Business questions
-
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
-
Study the information given below and answer the following questions: (25 Marks) 1.1 Calculate the Payback Period of both machines (answers expressed in years, months and days). (5 marks) 1.2 Which...
-
What are the Marketing Cost Estimates of Pepsi Company? Marketing estimates, in 2013-2019? It can be write in a paragraph and explain it statistically.
-
Cordova Tools has bonds outstanding during a year in which the market rate of interest has risen. If Cordova has elected the fair value option for the bonds, will it report a gain or a loss on the...
-
Conduct an online search for information on one of the following topics. - Sexual abuse (Vatican, Roman Catholic Church: priests) - Sexual harassment (David Jones: Kristy Fraser-Kirk, Mark McInnes;...
-
Moose & Walrus (M&W) is a manufacturer of a popular line of clothing for young people. M&W is firmly established in its home market, which is relatively saturated and has little prospects for future...
-
African Lakes Company purchased a delivery truck. The total cash payment was $27,900, including the following items. Negotiated purchase price....... $24,000 Installation of special shelving........
-
Choi Company manufactures two skin care lotions, Smooth Skin and Silken skin, from a joint process. The joint costs incurred are $300,000 for a standard production run that generates 260,000 pints of...
-
The credit entry for net profit is on the credit side of (A) The trading account (B) The profit and loss account (C) The drawings account (D) The capital account.
-
Net profit is calculated in the (A) Trading account (B) Profit and loss account (C) Trial balance (D) Balance sheet.
-
Simonson Engineers plc is considering the building of a new plant in Indonesia to produce products for the South-East Asian market. To date, 450,000 has been invested in market research and site...
-
Gil and Ruth George have been friends of yours for many years. They have come to you for advice on their estate plan since they want a second opinion to make sure it is going to do what they hope....
-
The test statistic of z = 1.74 is obtained when testing the claim that p # 0.658. Identify the hypothesis test as being two-tailed, left-tailed, or right-tailed. Find the P-value. Using a...
-
Ann and Bob had their first date. Each either felt romantic chemistry (C) or no chemistry (NC) with the other person. Each person knows his/her own feeling but does not know the feeling of the other...
-
Find the following using countif, countifs, sumif, sumifs, averageif, and averageifs. Create all formulas and calculations directing in Excel. How many songs are sung by Moore? What is the average...
-
Total number of Ledgers, Groups, Entries etc. can be shown from o a. Tally Audit o b. Statistics o c. Accounts Information o d. Company Information
-
How can Apply use the balanced scorecard to make its business more efficient?
-
A. Select a recent issue (paper or online) of Report on Business Magazine, Canadian Business Magazine (online only), Bloomberg Businessweek, Fast Company, The Economist, or another business magazine....
-
(a) List the nine headings in the cash flow statement, as required by FRS 1. Data from FRS 1 Cash flows relating to items classed as exceptional or extraordinary in the profit and loss account should...
-
Imagine you are running a business and you have 500,000 that you wont need for three months. How will you invest it?
-
The Companies Acts and accounting standards require a great deal of information to be disclosed in a companys annual report and accounts. Required: List the disclosure requirements for the following...
-
Hite corporation intends to issue $160,000 of 5% convertible bonds with a conversion price of $40 per share. The company has 40,000 shares of common stock outstanding and expects to earn $600,000...
-
Your portfolio has a beta of 1.17, a standard deviation of 14.3 percent, and an expected return of 12.5 percent. The market return is 11.3 percent and the risk-free rate is 3.1 percent. What is the...
-
Slow Roll Drum Co. is evaluating the extension of credit to a new group of customers. Although these customers will provide $198,000 in additional credit sales, 13 percent are likely to be...
Study smarter with the SolutionInn App