South Africa's National Youth Development Agency has launched the Ithubalentsha Micro Enterprise Programme, which will provide young aspirant and established entrepreneurs with training, mentorship, micro-enterprise finance, market linkages and access to business opportunities.
Answer:
1. To match your bank register with your bank statement; 2. the Deposit to account is Undeposited Funds
Calculation of the loss on sale of land recorded by MKH company on 20 x 1:
Book value of land = $19200
Sale value of land = $8000
Book value of land - Sale value of land
$19200 - $8000
= $11200
Answer:
$2,450 ; $1,430
Explanation:
The computation of the ending inventory using the periodic inventory system is shown below:
Under FIFO method
= 245 units × $10
= $2,450
We take the last units in this FIFO method
Under the LIFO method
= 205 units × $6 + 40 units × $5
= $1,230 + $200
= $1,430
We take the first units in this LIFO method
Hence, the closing inventory is come
