The choice of inventory method is critical to the merchandising operation. Identify a well-known company, and state what inventory method you think would be best for that company, and why. Hello Everyone: I like to concentrate on vehicle dealerships, for example, Carey Paul Honda, Atlanta's most seasoned family claimed Honda dealership. I possess a Honda for a long time and never needed to numerous huge issues similar to motor disappointment

The term “adjusting entries” refers to a very important step in the accounting cycle. Explain when, why, and how the adjusting process is used. Provide an example to clarify your statements. Adjusted entries are performed at the end of an accounting period (month, quarter, or year) in order to update the accounts of the actual net income losses and revenues, as well as the company’s assets and liabilities that occurred within that time period.