Inventory Management, Ledger Entries, And Essay.
Advantages of Perpetual Inventory System Compared to Periodic System
Sale of FOB shipping point, freight prepaid.
Sellers Ledger Entry
Particulars
Dr.
Cr.
29th
March
Accounts Receivable
$150,000
Accounts Receivable- Freight
$5,000
Sales
$150,000
Cash
$5,000
Total
$200,000
$200,000
(Sold goods on …
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