The difference affects value because annuities due have a longer amount of time to earn interest. If the payment is made at the beginning of each period, rather than at…

Even perpetual inventory users may wish to perform a physical inventory count from time to time to allow for shrinkage (theft, broken, and obsolete items). Small business owners’ activities are…

You can assume that both the sales and the purchases are on credit and that you are using the gross profit to record discounts. Regularly assessing stock levels and maintaining…