Risques Bookkeeping And Business Management a Complete Guide to Modern Practic
Risques Bookkeeping And Business Management a Complete Guide to Modern Practic
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Trial Balance to Start This Set The trial balance as of November 30, 1916, shown here will be taken as correct, and the inventory balances of January 1, 1916, will appear in merchandise account. (Fig. 24, page 94. ) (See Fig. 19, page 89. ) Trial balance November 30 — Robert Bell & Co. (Set No. 2. ) Closing Explained If we know how much the stock amounts to at the beginning of the year, and the cost of goods bought since, we deduct the present inventory or all of the goods that now remain unsol...d, and the remainder is the cost of all the goods which were used during the year for sales.
If we know the cost of goods used, and the expense of buying, hous- ing, handling, and selling, together with the depreciation and losses, in fact, the total expense of doing our business, and deduct this total cost of goods used together with the total expense, from the sales, the remainder will be the net profit.
The difference between the cost of goods used to make sales, and the sum which those sales amount to, is termed the gross profit, out of which must be paid the expenses.
What to read after Risques Bookkeeping And Business Management a Complete Guide to Modern Practic?
You can find similar books in the "Read Also" column, or choose other free books by Ferdinand William Risque to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Trial Balance to Start This Set The trial balance as of November 30, 1916, shown here will be taken as correct, and the inventory balances of January 1, 1916, will appear in merchandise account. (Fig. 24, page 94. ) (See Fig. 19, page 89. ) Trial balance November 30 — Robert Bell & Co. (Set No. 2. ) Closing Explained If we know how much the stock amounts to at the beginning of the year, and the cost of goods bought since, we deduct the present inventory or all of the goods that now remain unsol...d, and the remainder is the cost of all the goods which were used during the year for sales.
If we know the cost of goods used, and the expense of buying, hous- ing, handling, and selling, together with the depreciation and losses, in fact, the total expense of doing our business, and deduct this total cost of goods used together with the total expense, from the sales, the remainder will be the net profit.
The difference between the cost of goods used to make sales, and the sum which those sales amount to, is termed the gross profit, out of which must be paid the expenses.
What to read after Risques Bookkeeping And Business Management a Complete Guide to Modern Practic?
You can find similar books in the "Read Also" column, or choose other free books by Ferdinand William Risque to read onlineMoreLess
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