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ACC120 - ACCOUNTING BASICS I WINTER SEMESTER, 2012 Your case will be due at the beginning of Class 1 of Week 13 (week beginning April 2, 2012....

I would like to know how would the entry of an perpetual inventory look when someone toke out an item but did not tell the controller about it.
ACC120 – ACCOUNTING BASICS I WINTER SEMESTER, 2012
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Your case will be due at the beginning of Class 1 of Week 13 (week beginning April 2, 2012. Late assignments will not be accepted for grading . REQUIRED : The case is intended to help you analyze and understand appropriate accounting practices. Completing the preparations for group assignments are critical factors in successful completion of this course. 1. Do the Group Case that has been assigned. Answer each question to the best of your ability. It will be necessary for you to conduct research to determine the ‘best’ solutions to the problems presented. All such research must be properly documented with reference data. 2. “Members’ Contribution Summary” - Consider your experience working together as a group. Summarize in two or three paragraphs: the contribution of the each individual member; the benefit you gained from doing the work; any challenges or frustrations you had, and how you dealt with them; and your recommendation as to how the marks should be distributed among the members. 3. Sign and attach the “Student Contract”. 4. Attach a separate page indicating the source of any data you quoted, copied or to which you referred when completing your case solution, including the textbook. 5. Submit your completed case with your Members’ Contribution Summary and a signed Student Contract to your professor in class on the due date (Class 2 of Week 13).
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