Gross Profit Method or Retail Method of Inventorying?
Under what circumstances would a company need to estimate its inventory? A company would need to estimate its inventory if a count is needed before the year end, if financial statements are needed at a...
View ArticleInformation System Database Management and Integration
Data management and integration: Data is most frequently managed through the use of information systems and databases. A database is a collection of data that is commonly related and stored in...
View ArticlePerpetual and Periodic Inventory Systems
The perpetual method of tracking inventory: The perpetual method for tracking inventory is a continuous tracking method that records all purchases and sales as they occur. The following are accounting...
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