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متابعة

It must be registered a JV leads to?

When reviewing the operations of the boundary show that receiving reports arrived in stores on23/12/2012 for $50,0, but the purchase invoice was recorded only in04.01.2013 and it must be registered a JV to the leads to: a) Decrease earnings by $50 b) Increase earnings by $50 c) Affect only to the inventory d) Not one of the above

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تم إضافة السؤال من قبل Rashad Moursi , Finance Director & Business Development, International Business Transformer Owners Repr. - Hotels , Investment and financial
تاريخ النشر: 2014/07/01
Maaz Ullah
من قبل Maaz Ullah , Market Research Executive , Micro Agility Services Pvt Limited

C

Sara Naeem
من قبل Sara Naeem , Trainee Finance officer , Wah Brass Mill

Affect only the Inventory.

Muhammad Hassan khan
من قبل Muhammad Hassan khan , Assistant Collector , Khyber Pakhtunkhwa Revenue Authority

The Answere is Option A

 

Becasue as Purchases are under valued by $50 the earning needs to be decreased as far as inventory is concerned as GRN is issued the inventory will present the real value of the closing stock or by physical count it will be the same and will have no affect as the JV is issued.

 

Divyesh Patel
من قبل Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

The answer is C.

Naveen Sharma
من قبل Naveen Sharma , Sr. Manager , Global Debt Advisory

Effect would be by recording of inventory received (by Debiting) and Credit payable to Vendor (if purchased on credit) else credit to advance (given if any).

المزيد من الأسئلة المماثلة

هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟