No, only permanent accounts accounts are on a balance sheet. Revenue is a temporary account and gets closed out.
Does Revenue Go On A Balance Sheet?
How would I get the answer If
Product Quantity Cost Market Per Unit
Mountain bikes 20 $ 650 $ 500
Skateboards 22 400 450
Gliders 40 850 790
what would the answer be:LCM for inventory as a whole?
What would the answer be: The LCM applied to each product?
Could I get example on how to arrived at the answer
Product Quantity Cost Market Per Unit
Mountain bikes 20 $ 650 $ 500
Skateboards 22 400 450
Gliders 40 850 790
what would the answer be:LCM for inventory as a whole?
What would the answer be: The LCM applied to each product?
Could I get example on how to arrived at the answer
