This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 Excerpt: ...cars and similar large units at actual cost while the inventories of parts, gas, etc., have been approximated by using predetermined percentages. This is called the gross profit method of ascertaining inventories. The gross profit method of ascertaining inventories is desirable for use in any case where records are ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 Excerpt: ...cars and similar large units at actual cost while the inventories of parts, gas, etc., have been approximated by using predetermined percentages. This is called the gross profit method of ascertaining inventories. The gross profit method of ascertaining inventories is desirable for use in any case where records are available from which the percentage of gross profit on sales can be ascertained and where the nature of the goods is such that they cannot be inventoried or the nature of the report does not warrant the expense incidental to preparing an inventory. In the case of a fire loss, the goods, of course, cannot be inventoried, while in the case of monthly closing, the percentage figures are usually sufficiently accurate for the purpose so that a physical inventory is unnecessary; in fact, in many cases we have found that the inventory secured by the gross profit method is much more accurate than an inventory secured by an actual counting of the goods. We have in mind one concern where inventories have been ascertained by this method for years. This concern handles five different products. The variation thereon has never exceeded one-half of one per cent although in closing the books for each year it is usually found that some item is left out of physical inventory. This is found by a comparison of the estimated inventory with the physical inventory. Careful search has always been successful in locating the items. The writer remembers a case a number of years ago where two of the accounts were found to be wrong; one account was $1,500.00 off; the moment that the amount was mentioned, the office manager recalled a shipment of returned goods which had not been given consideration. The other account appeared to be out but $400.00. Considerable search was re...
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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
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Seller's Description:
PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
