Weighted Average Cost
This inventory valuation method calculates the cost of goods sold and ending inventory based on the average cost of all similar items available for sale during the period. It smooths out price fluctuations and is commonly used in businesses with homogeneous or high-volume inventory.
More Items
Withdrawals (Owner’s Drawings)
Withdrawals refer to funds or assets taken out of the business by the owner for personal use. These are recorded…
Working Trial Balance
A working trial balance is an internal report prepared before finalising financial statements. It includes all ledger accounts and adjustments,…
Work Order Accounting
Work order accounting tracks the costs, materials, and labour associated with specific projects or manufacturing jobs. It helps determine actual…
This website uses cookies to improve your experience. You can accept all or reject non-essential cookies.