Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. bidbid government school acquires inventory monthl

Bidbid government school acquires inventory monthly from vendors after authorization from the ministry of education....

80.2K

Verified Solution

Question

Accounting

Bidbid government school acquires inventory monthly from vendors after authorization from the ministry of education. Stores manager of a government school recognizes its inventory like stationery and other supplies for school staff based on monthly usage in the school. This method of recognizing inventory is an example of

a-Purchase method

b-Periodic purchases method

c-Perpetual inventory method

d-Consumption method

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

2. Brian recently went to the doctor due to symptoms of headaches, anxiety, vision impairment, and...

Medical Sciences
Q

In no less than 200 words, discuss: While the task of brainstorming is necessary, is there...

General Management
Q

ALLEN In an AC circuit V and I are given by 39 V 150sin 150t...

Physics
Q

H Select all of the vectors that are in the span of u u Check...

Algebra
Q

Find the domain of f(x) =?x+7/x-2Using interval notation.

Algebra
Q

A company is considering a $154.000 investment in machinery with the following net cash flows....

Accounting
Q

A company uses a process cost accorinting system using the weighted average cost flow assumption....

Accounting
Q

thanks JCSS is a non-profit organization devoted to providing essential services to senior citizens...

Accounting
Q

Chuck, a single taxpayer, earns $85,000 in taxable income and $10,000 in interest from an...

Accounting
Q

9. Which transaction would increase the balance of the Accounts Receivable account in the General...

Accounting
Q

Gabi Gram started The Gram Company, a new business that began operations on May 1....

Accounting
Q

Suppose there is a futures call option with a price of $15. The strike price...

Finance