In October, company have been changed the accounting policies as following
Use Perpetual inventory Method
Use Weighted Average Cost method to evaluating inventory value
Please recoding trade items in October as following
recoding
Oct. 1 Selling to Brigeston Co., Ltd., issue Tax invoice/Invoice , Ref No. for 1 set of Notebook Touch screen price 27000 Bath/set
Please process statistic data to calculating inventory on hand and cost of good sold.
Good luck on the exam The contest is intended as a joint activity between institutions cause an learning innovations using IT To create potential to the candidate, and as part of the preparation for trade liberalization in ASEAN regional
Guideline for the Final Test
1 To set the accounting policies i.e. choosing a system of inventory record for finished goods Perpetual inventory system or periodic inventory system, calculating inventory cost with various method; FIFO, weighted average cost method, included the ability to configuration value from the accounting program for serving works i.e. setting a journal entry in the document books, setting a journal entry for recoding depreciation and product types in the program etc.