It is known that inventory at a cost of Rp. 5,300,000 has been shipped on consignment on July 31, 2019, and the balance of ending inventory in the above balance sheet is not included the consignment goods. Account Receivable amounting to Rp5,300,000 was recognized for the consignment. Then the nominal of inventory should be... a. Rp54.700.000 b. Rp60.000.000 c. Rp65.300.000 d. Rp54.000.000
It is known that inventory at a cost of Rp. 5,300,000 has been shipped on consignment on July 31, 2019, and the balance of ending inventory in the above balance sheet is not included the consignment goods. Account Receivable amounting to Rp5,300,000 was recognized for the consignment. Then the nominal of inventory should be... a. Rp54.700.000 b. Rp60.000.000 c. Rp65.300.000 d. Rp54.000.000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Cash
Equipment (Net)
Patent
Inventory
A/R (net)
Total Assets
Jaya Makmur Ltd
Balance Sheet as 31 July 2019
(in a thousand Rupiah)
a. Rp54.700.000
b. Rp60.000.000
c. Rp65.300.000
d. Rp54.000.000
69.000
84.000
21.000
60.000
40.500
274.500
Capital
A/P
Long term-
Liabilities
Total Liabilities
and equities
155.500
44.000
75.000
274.500
It is known that inventory at a cost of Rp. 5,300,000 has been shipped on consignment on
July 31, 2019, and the balance of ending inventory in the above balance sheet is not included
the consignment goods. Account Receivable amounting to Rp5,300,000 was recognized for the
consignment. Then the nominal of inventory should be...](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1a7c8996-9db7-43b9-981a-42bf2189f9e1%2F1c880df7-3f10-45ef-85c6-54980232bc1c%2Fxrlh2sj_processed.png&w=3840&q=75)
Transcribed Image Text:Cash
Equipment (Net)
Patent
Inventory
A/R (net)
Total Assets
Jaya Makmur Ltd
Balance Sheet as 31 July 2019
(in a thousand Rupiah)
a. Rp54.700.000
b. Rp60.000.000
c. Rp65.300.000
d. Rp54.000.000
69.000
84.000
21.000
60.000
40.500
274.500
Capital
A/P
Long term-
Liabilities
Total Liabilities
and equities
155.500
44.000
75.000
274.500
It is known that inventory at a cost of Rp. 5,300,000 has been shipped on consignment on
July 31, 2019, and the balance of ending inventory in the above balance sheet is not included
the consignment goods. Account Receivable amounting to Rp5,300,000 was recognized for the
consignment. Then the nominal of inventory should be...
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