My major right now is nursing, but i feel that nursing is not right for me. I want to change my major to accounting, but I’m kind of hesitant because I feel like I’ve wasted my three years in college for prerequisite into nursing
Well i was a science student at high school but later changed my mind to come to business when i took admission in college.
We need to know the impact of inventory errors on income statement and balance sheet. My teacher said that the balance sheet can self-correct..for example retained earnings at the end of year 2 is correct…what does he mean by this…can someone explain to me in depth about the whole inventory error issue and how to use the equation..I tried reading the book and it just confused me more..i need to know how to use the equation to figure out the impact of the errors..please help..
bad debt expense is estimated by computing net realizable value of the receivables.
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