chapter 10
closing process profit determination
PD forservice providingentici PD for trading entities
iii name
arena
not
if
a men
closing process
1 step 1 sales to tradeace step 6 PIL to capital are
r capital ace
ar
or de ace orapita a or on
tradeace
II at other expenses
CR costofsales of xx ta xx
ca
3 Trade acetoprofitloss
4
SEP p gating
income to Pll step capital contributions
to capitaace increase Equity
me
or profitloss or capital contributions
or capital are
step s operating expense to pic
or
a p expenses
steps withdrawals to capita
no Josie
Dr capital acc
c
er withdrawals
, INVENTORY chap 11
costprice an costsincurred toget inventory incorrect locationreadyfor
sale
e.g inv 28000 Nrv
cnn.si
NRV
w.io
in no
suoonoootcsuoo.no
relabeling
Nev
RECORD INVENTORY Lower of NRV CP
was.TT ssuo
18035
writedown Journal entry qedown
A xxx d
rcffmen.org
writedownat inventory towru
again
Periodic Perpetual
physicalcount enactperiod everything asnormal
done
COST FORMULAS
IE ii.i
Fifo inventory
m
he c.oxriycpyiimtfosiao
onesooooo aoxnstis.mu
me
Carin CP 168
weighted average
ocos.sc iii unitswantingto s
cost formulas differing systems
, Date Transaction Price unit of units total amount
11310s 0lb Rso too sooo
513105 purchases Rs 20 1020
10 3 05 purchases Rsc 30 1560
1213105 sales is
1813105 Purchases Rss 50 Lisa
2513105 sales 100
Question
using Fifo WA for perpetual periodic calmate cos inv c B
cosBy
closing
Perpetual
if g
periodico
Ethamounts had boughtboughtsaidboughtsold
In and CIB inv too to so is so too
1st openingbar sooo non cos so asxrsa as
sth Puran 1020 ish cos soisissxrsoltas.rs then work there
loth punch isoo csoxrssstssoxrsastes.rs
18thpurchases inso balance uses uses
10330 cos
is s snos
i cos so sons s emotions
CIB 4562
perpetual periodic
COS Inv
p
copening
of xx pre xxx
juiciate's Purchases
raven p a ance tax
closing process profit determination
PD forservice providingentici PD for trading entities
iii name
arena
not
if
a men
closing process
1 step 1 sales to tradeace step 6 PIL to capital are
r capital ace
ar
or de ace orapita a or on
tradeace
II at other expenses
CR costofsales of xx ta xx
ca
3 Trade acetoprofitloss
4
SEP p gating
income to Pll step capital contributions
to capitaace increase Equity
me
or profitloss or capital contributions
or capital are
step s operating expense to pic
or
a p expenses
steps withdrawals to capita
no Josie
Dr capital acc
c
er withdrawals
, INVENTORY chap 11
costprice an costsincurred toget inventory incorrect locationreadyfor
sale
e.g inv 28000 Nrv
cnn.si
NRV
w.io
in no
suoonoootcsuoo.no
relabeling
Nev
RECORD INVENTORY Lower of NRV CP
was.TT ssuo
18035
writedown Journal entry qedown
A xxx d
rcffmen.org
writedownat inventory towru
again
Periodic Perpetual
physicalcount enactperiod everything asnormal
done
COST FORMULAS
IE ii.i
Fifo inventory
m
he c.oxriycpyiimtfosiao
onesooooo aoxnstis.mu
me
Carin CP 168
weighted average
ocos.sc iii unitswantingto s
cost formulas differing systems
, Date Transaction Price unit of units total amount
11310s 0lb Rso too sooo
513105 purchases Rs 20 1020
10 3 05 purchases Rsc 30 1560
1213105 sales is
1813105 Purchases Rss 50 Lisa
2513105 sales 100
Question
using Fifo WA for perpetual periodic calmate cos inv c B
cosBy
closing
Perpetual
if g
periodico
Ethamounts had boughtboughtsaidboughtsold
In and CIB inv too to so is so too
1st openingbar sooo non cos so asxrsa as
sth Puran 1020 ish cos soisissxrsoltas.rs then work there
loth punch isoo csoxrssstssoxrsastes.rs
18thpurchases inso balance uses uses
10330 cos
is s snos
i cos so sons s emotions
CIB 4562
perpetual periodic
COS Inv
p
copening
of xx pre xxx
juiciate's Purchases
raven p a ance tax
