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Need an argumentative essay on Company accounting. Needs to be 8 pages. Please no plagiarism.Download file to see previous pages... In Adjustment data, it is given that the A Ltd company purchased inv
Need an argumentative essay on Company accounting. Needs to be 8 pages. Please no plagiarism.
Download file to see previous pages...In Adjustment data, it is given that the A Ltd company purchased inventory from B and C Ltd companies which means that this is the inter-company transaction and should be eliminated from the opening inventory of A Ltd company.
A Ltd company's ending inventory is $950, B Ltd company's ending inventory is $720 and C Ltd company's ending inventory is $780. In Adjustment data, it is given that the A Ltd company purchased inventory from B and C Ltd companies which means that this is the inter-company transaction and should be eliminated from the ending inventory of A Ltd company.
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In Adjustment data, it is given that the A Ltd company purchased inventory from B and C Ltd companies which means that this is the inter-company transaction and should be eliminated from the opening inventory of A Ltd company.
The Amount of opening inventory mentioned in the Income Statement is derived as follows:
A Ltd Company's opening inventory = Actual inventory - Inventory
purchased from B Ltd- Inventory purchased from B Ltd.
= $880 - $180 -$280
A Ltd Company's opening inventory = $420
B Ltd Company's opening inventory = $640 + $180 = $820
C Ltd Company's opening inventory = $790 + $280 = $1070
Total Opening Inventory = $2310
3. Inventory (31.1.2008)
A Ltd company's ending inventory is $950, B Ltd company's ending inventory is $720 and C Ltd company's ending inventory is $780. In Adjustment data, it is given that the A Ltd company purchased inventory from B and C Ltd companies which means that this is the inter-company transaction and should be eliminated from the ending inventory of A Ltd company.
The Amount of opening inventory mentioned in the Income Statement is derived as follows:
A Ltd Company's ending inventory = Actual inventory - Inventory purchased from B Ltd- Inventory purchased from B Ltd.
