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dusya [7]
2 years ago
14

Under the perpetual system, cash freight costs incurred by the buyer for the transporting of goods is recorded in which account?

Business
1 answer:
lana66690 [7]2 years ago
8 0

Based on the perpetual system, a buyer can incur cash freight costs if they transport <u>Inventory</u>.

<h3>How are freight costs treated?</h3>

The perpetual system allows for the buyer of inventory to record the freight cost for the merchandise in the inventory account.

This means that the freight cost will be capitalized and added to the cost of the inventory to recover the costs.

Find out more on the perpetual system at brainly.com/question/25014592.

#SPJ12

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On January 1, 2021, Gundy Enterprises purchases an office building for $338,000, paying $58,000 down and borrowing the remaining
Rina8888 [55]

Answer:

Debit Building $338,000

Credit Cash $58,000

Credit Notes Payable $280,000

Explanation:

Preparation of the journal entry to Record the purchase of the building on January 1, 2021.

Based on the information given we were told that the company purchases an office building for the amount of $338,000 which means that if they paid $58,000 down and as well borrowed the remaining amount of $280,000 the journal entry to Record the purchase of the building on January 1, 2021 will be :

Debit Building $338,000

Credit Cash $58,000

Credit Notes Payable $280,000

(Being to record the purchase of building)

3 0
3 years ago
________________analysis involves determining the appropriateness of training, given the company's business strategy, its resour
Andreyy89

Answer:

Organizational

Explanation:

Organisational analysis involves determining the appropriateness of training, given the company's business strategy, its resources available for training, and support by managers and peers. It is the process of evaluating systematically an organisation needs and capabilities which can give it a competitive advantage in the market. It could also be called internal analysis or company analysis.

5 0
4 years ago
Operating activities are most closely related to?
KATRIN_1 [288]

Answer: current assets and current liabilities.

Explanation:

if this helps it would help me a lot if you would give me a like

3 0
2 years ago
Rewrite the following sentences to eliminate the long strings of nouns.
Zolol [24]

Answer:

a) The Focus of the meeting was about the issue of bank interest rate deregulation

b) Following the recommendations of the government taskforce we are revising our job application evaluation procedures

c) The quality assurance program of the production department includes components like, employee training, supplier cooperation and computerized detection equipment

d) The inventory reduction plan of the warehouse will be implemented nextweek

Explanation:

<u>Rewriting the sentences to eliminate the long strings of nouns </u>

a) The Focus of the meeting was about the issue of bank interest rate deregulation

b) Following the recommendations of the government taskforce we are revising our job application evaluation procedures

c) The quality assurance program of the production department includes components like, employee training, supplier cooperation and computerized detection equipment

d) The inventory reduction plan of the warehouse will be implemented nextweek

8 0
3 years ago
If a website is classified as an "advocacy" site, what is the sites primary purpose?
lutik1710 [3]

The answer would be:

A: To try to get other people to support a cause or position.

Similar to an advocate which is a person is promoting some sort of cause or position, an advocacy is an activity in which a person or a group of people aim to sway the decisions in many areas such as politics, economics, etc.

If a website is labeled as an "advocacy", then it's purpose is to alter the decisions of the people who click on it to support their cause.

3 0
3 years ago
Read 2 more answers
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