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PT ABC records its inventory using a physical system, purchases are made on credit. In order to audit inventories as of December 31, 2002, you
PT ABC records its inventory using a physical system, purchases are made on credit.
In order to audit inventories as of December 31, 2002, you obtain the following data:
Stock opname was conducted on December 30, 2002, and all items received up to December 30, 2002 have been counted in stock opname
Requested:Make the necessary adjustments for the 10 transactions, give a reason, both adjustments are needed or not, using the following form:
Date Invoice 1 15 Desember 2002 2 16 Desember 2002 3 17 Desember 2002 4 23 Desember 2002 5 27 Desember 2002 Date Invoice 1 05 January 2003 2 12 January 2003 3 17 January 2003 4 30 December 2002 5 31 Desember 2002 Purchase Ledger December 2002 Terms of Purchase FOB Destination Point FOB Shipping Point FOB Shipping Point FOB Destination Point FOB Destination Point Date the item was received FOB Shipping Point FOB Destination Point FOB Shipping Point FOB Destination Point FOB Shipping Point 03 January 2003 31 January 2003 02 January 2003 29 December 2002 25 December 2002 Purchase Ledger December 2003 Terms of Purchase Date the item was received 31 December 2002 18 January 2003 15 January 2003 05 January 2003 12 January 2003 Amount 10.000.000 15.000.000 17.000.000 20.000.000 25.000.000 Amount 30.000.000 12.000.000 36.000.000 35.000.000 19 000 000 1 Adjustment 2. No Inventory Date Amount +/- Inventory DR Purchase CR Account Payable Description 3 1 42 5 3 6 4 7 5 98 97 10 8 11 9 12 10 13 14 15 COLE ge WATAN SUMA PAR DES San P tradien SA SERALE N Mens SECUR AWES Dat SERION PATE PRES Cent SEZNI SRCANOS m G Contes E
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