Question
Question 3. a-b Analyze the situation below and prepare the journal entry to account for the possible returns using a Perpetual Inventory System Sales revenue
Question 3. a-b
Analyze the situation below and prepare the journal entry to account for the possible returns using a Perpetual Inventory System
Sales revenue of Dynamic Group is $ 40,000,000 all registered on account. Dynamic Group Cost of Goods sold is 20% of sales revenue. It is estimated that 4% of the sales will be returned for refund.
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Routledge Handbook Of Environmental Accounting
Authors: Jan Bebbington, Carlos Larrinaga, Brendan O'Dwyer, Ian Thomson
1st Edition
0367724901, 9780367724900
