second question The following balances appeared in the audit balance of a company: Salaries of 650 dinars. Share revenue of 400 dinars. On the date of the inventory, the following inventory information was given: 1- The actual monthly salaries are 50 dinars. 2- Receipts of shares received in advance of 100 dinars. Required :- 1- Conducting inventory entries and necessary inventory adjustments 2- The effect of this on the general budget

second question The following balances appeared in the audit balance of a company: Salaries of 650 dinars. Share revenue of 400 dinars. On the date of the inventory, the following inventory information was given: 1- The actual monthly salaries are 50 dinars. 2- Receipts of shares received in advance of 100 dinars. Required :- 1- Conducting inventory entries and necessary inventory adjustments 2- The effect of this on the general budget

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter16: Financial Statements And Closing Entries For A Corporation

Section: Chapter Questions

Problem 1MP

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The following balances appeared in the audit balance of a company: Salaries of 650 dinars. Share revenue of 400 dinars. On the date of the inventory, the following inventory information was given: 1- The actual monthly salaries are 50 dinars. 2- Receipts of shares received in advance of 100 dinars. Required :- 1- Conducting inventory entries and necessary inventory adjustments 2- The effect of this on the general budget
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