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Accounting issues

Define what it is meant by internal control. Provide a minimum of three examples.
It is the end of the accounting period, and your boss asks you to help determine the inventory balance to place in the company's balance sheet. Explain which physical quantities of inventory that you will include, and which you will exclude.

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Anuradha Ananth, MCOM

Rating 4.6/5

Active since 2008

BCOM, Madurai Kamaraj University
MCOM, Madurai Kamaraj University
ACS, Institute of Company Secretaries of India
ICWAI, Institute of Cost & Works Accountants of India

Responses 1452

Comments on Anuradha's work:

"Thanks this is very helpful for me."

"Thanks. This is very helpful."

"Awesome! Anuradha's fully explains the solution, formulas and steps. Thank you!"

"Thank you!"

"Thank you for the help... I just one question? In Line 8 where did the 100 come from to get the answer? =D7*F2/100"