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A chart of accounts (COA) is a list of financial accounts and reference numbers, grouped into categories, such as assets, liabilities, equity, revenue and expenses, and used for recording transactions in the organization's general ledger. Accounts may be associated with an identifier (account number) and a caption or header and are coded by ...
Pierce was platted in 1871, and a courthouse was erected that same year. [5] Like Pierce County, the name honors President Franklin Pierce. [6] [7]The city became a point of international interest in 2013 due to the Lambrecht auto auction, at which nearly 500 classic cars were put up for sale.
Two very popular methods are 1)- retail inventory method, and 2)- gross profit (or gross margin) method. The retail inventory method uses a cost to retail price ratio. The physical inventory is valued at retail, and it is multiplied by the cost ratio (or percentage) to determine the estimated cost of the ending inventory.
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