June 1 hayes invested $160 000 cash and $42000 of store equipment into the business. (INcluding GST)The store equipment is to be depreciated evenly over 7 years

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Originally Posted by winnie158

June 1 hayes invested $160 000 cash and $42000 of store equipment into the business. (INcluding GST)The store equipment is to be depreciated evenly over 7 years

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What does this have to do with a perpetual inventory system?

Assets are recorded in an asset register

Share holdings are recorded in a share register

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Originally Posted by paraclete

what does this have to do with a perpetual inventory system??

Assets are recorded in an asset register

Share holdings are recorded in a share register

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If you don't do accounting, no need to reply your stupid answers to me thankss

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Originally Posted by winnie158

if you don't do accounting, no need to reply your stupid answers to me thankss

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I am an accountant with many years experience so don't ask your illogical questions and you will get sensible answers