During the physical inventory count conducted by Nice Traders for the year ended 31 May 2019, inventory on hand consists of trading inventory, R12 507, packaging material, R1 596, stationery. R978 and cleaning material, R560. Before Nice Traders signed off the inventory count sheets, the supervisor noticed that trading inventory on hand included consignment inventory to the value of R1 547 that is owned by Besties Suppliers. Extract from Pre-adjustment trial balance for the year ended 31 May 2019: Trading inventory: 1 June 2018 Purchases Packaging material Stationery Cleaning material Which of the following represents the correct closing inventory amount for Nice Traders for the year ended 31 May 2019? A. R10 960 B. R13 534 C. R15 641 D. R14 094 R 15 450 36 962 6 303 4 597 3 896 E. R15 081

During the physical inventory count conducted by Nice Traders for the year ended 31 May 2019, inventory on hand consists of trading inventory, R12 507, packaging material, R1 596, stationery. R978 and cleaning material, R560. Before Nice Traders signed off the inventory count sheets, the supervisor noticed that trading inventory on hand included consignment inventory to the value of R1 547 that is owned by Besties Suppliers. Extract from Pre-adjustment trial balance for the year ended 31 May 2019: Trading inventory: 1 June 2018 Purchases Packaging material Stationery Cleaning material Which of the following represents the correct closing inventory amount for Nice Traders for the year ended 31 May 2019? A. R10 960 B. R13 534 C. R15 641 D. R14 094 R 15 450 36 962 6 303 4 597 3 896 E. R15 081

Name: Please do not give solution in image format thanku During the physical
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: Please do not give solution in image format thanku During the physical inventory count conducted by Nice Traders for the year ended 31 May 2019, inventory on hand consists oftrading inventory, R12 507, packaging material, R1 596, stationery. R978 and

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Differentiate between letters, memo and report?
The attached image is the problem. Thank you!
could not understand need manual answer not on excel
Which of the following QBO features can be used to save a transaction that will be re-used in the future? Multiple Choice Saved transactions (+) New icon Recurring transactions None of the choices is correct.
Adjusting entries and error example
Please don't use chat gpt and other ai other wise I give multiplie downvote Which of the following is sometimes called a currently attainable standard? O a. par b. normal standard O c. theoretical standard d. ideal standard
how to find ADF
The easiest way to change the order in a chart is in the __________. Multiple Choice underlying spreadsheet slicer chart options chart itself
Information that is reported free from error ________.
Write a note on IFRS.