The fundamental accounting formula is A. Beginning inventory + purchases ending inventory = food used B.

Question:

The fundamental accounting formula is
A. Beginning inventory + purchases – ending inventory = food used
B. Assets = liability + equity
C. Current ratio = current assets to current liabilities
D. Net profit = gross profit - expenses

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...

Fantastic news! We've Found the answer you've been seeking!