accounting 301

1. need about 100-200 words for each.

2. You have been asked to join a new merchandising company as an accountant or bookkeeper. Because of your knowledge of accounting, the others starting up this business ask you for your advice on which inventory method would be best for them.

Explain why you would choose periodic over perpetual inventory
Give us your reason(s) behind picking the perpetual inventory system over the periodic

8. Tom is preparing for a quiz on merchandise accounting and is confused about one particular thing. He doesn’t understand the difference between an expense and contra-revenue account. Help him out by defining it and explaining exactly how the two are different, if in fact, they really are.

2. chapter five 10 question

3. quiz coving chapter 1-4 27 question