This means that the business had no opening and closing inventories during the accounting period ended 30 June 2007. The usual practice is for business organisations to hold certain minimum level of inventories to meet future demand. This is handled in the Income Statement by adding the opening inventories to the purchases figure which gives […]
Posts Tagged ‘application’
The Two Types Of Application Software
Posted by adminweb on December 30th, 2019
Posted in Accounting 
Tags: application, software, types 
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