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gross profit method of estimating inventory

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

See Explanation of Inventory and Cost of Goods Sold.

Dictionary

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  • Debits and Credits
  • Adjusting Entries
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  • Accounts Receivable and Bad Debts Expense
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  • Depreciation
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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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