fidal
Apr 5, 2011, 04:10 AM
If any can *** help.I mam having a hard time figuring out how to go about solving this question.
A company keeps two sets of books.
Financial accounts
$
Net income 250200
Administrative 4600
Sales commission received 1200
Dividends received 1400
Valuation of inventories
:opening 240000
:closing 250000
Cost accounts books
Administrative cost 5000
Selling costs 9000
Valuation of inventories
:opening 236000
:closing 248000
A company keeps two sets of books.
Financial accounts
$
Net income 250200
Administrative 4600
Sales commission received 1200
Dividends received 1400
Valuation of inventories
:opening 240000
:closing 250000
Cost accounts books
Administrative cost 5000
Selling costs 9000
Valuation of inventories
:opening 236000
:closing 248000