Subject category:
Finance, Accounting and Control
Published by:
Ivey Publishing
Version: 2013-06-06
Revision date: 17-Jul-2013
Length: 2 pages
Data source: Published sources
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Abstract
One month's worth of purchases and sales at a restaurant supply company must be recorded, the ending balance in accounts receivable and accounts payable must be determined, and the revenue and cost of goods sold sections of an income statement must be prepared. This exercise is suitable for an introductory course in financial accounting.
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Abstract
One month's worth of purchases and sales at a restaurant supply company must be recorded, the ending balance in accounts receivable and accounts payable must be determined, and the revenue and cost of goods sold sections of an income statement must be prepared. This exercise is suitable for an introductory course in financial accounting.