In verifying debits to perpetual inventory records of a nonmanufacturing firm, the auditor would be most interested in examining the <u> Vendors' invoices.</u>
Perpetual inventoryis a non-stop accounting practice that facts stock modifications in real-time, without the want for bodily stock, so the ebook stock accurately shows the actual inventory.
The maximum common perpetual inventory machine example is the use of wireless barcode scanners in a grocery keep. It information all scanned transactions at the device straight away as they occur. This way, firms can without difficulty compute the present day and required stockpile.
Perpetual inventory continuously tracks and records gadgets as they may be introduced to or subtracted from the stock. And it keeps tune of the fee of goods purchased and bought. physical stock makes use of a periodic agenda to manually matter and report items and hold song of the cost of what is offered and bought.
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Answer:
When two companies exchange an asset, the assets fair value is used as the price of the asset. In this case the company is paying 154,000 plus an old machine with a fair value of 140,000 so the cost of the new machine would be recorded as the sum of the cash paid and fair value of the old asset.
140,000+154,000= 294,000
Explanation:
Electronic Profiling is your answer. I hope I helped:)
The answer is 1764, I’m pretty sure but I’m no teacher
