Case Studies | PROFITIZE

Sep 52 min read

PROFITIZE Case Study: How TechCo Recorded Loan Forgiveness

Introduction: TechCo, a company that manufactures electronic gadgets, had borrowed money from a bank to help finance the development of a...

PROFITIZE

Sep 52 min read

PROFITIZE Case Study

PROFITIZE Case Study: How TechCo Recorded a Cash Payment to Customer Involving a Returned Product

Introduction: TechCo, a company that manufactures electronic gadgets, sold some finished goods to a customer. However, the customer later...

PROFITIZE

Sep 54 min read

PROFITIZE Case Study

PROFITIZE Case Study: How TechCo Recorded Credit Sale of Finished Goods as an Agent Involving Advance Payment

Introduction: TechCo, a company that manufactures electronic gadgets, acted as an agent for another company, ElectroSupply Co. (“...

PROFITIZE

Sep 53 min read

PROFITIZE Case Study

PROFITIZE Case Study: How TechCo Recorded Credit Sale of Finished Goods as an Agent

Introduction: TechCo, a company that manufactures electronic gadgets, acted as an agent for another company, ElectroSupply Co. (“...

PROFITIZE

Sep 54 min read

PROFITIZE Case Study

PROFITIZE Case Study: How TechCo Recorded Cash Sale of Finished Goods as an Agent Involving Advance Payment

Introduction: TechCo, a company that manufactures electronic gadgets, acted as an agent for another company, ElectroSupply Co. (“...

PROFITIZE

Sep 53 min read

PROFITIZE Case Study

PROFITIZE Case Study: How TechCo Recorded the Settlement of Accounts Payable (Trade Credit)

Introduction: TechCo, a company that manufactures electronic gadgets, had previously purchased raw materials on trade credit from a...

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Sep 53 min read

PROFITIZE Case Study

PROFITIZE Case Study: How TechCo Recorded Rent Expense

Introduction: TechCo, a company that manufactures electronic gadgets, rents a building where they conduct their business operations. The...

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Sep 53 min read

PROFITIZE Case Study

PROFITIZE Case Study: How TechCo Recorded the Sale of Finished Goods as an Agent for a Consignor

Introduction: TechCo, the company that manufactures electronic gadgets, acted as an agent (consignor) for another company (the consignor)...

PROFITIZE

Sep 53 min read

PROFITIZE Case Study

PROFITIZE Case Study: How TechCo Recorded the Sale of Finished Goods on Credit involving Advance Payment

Introduction: TechCo, a company that manufactures electronic gadgets, directly delivered finished goods to a customer. The customer made...

PROFITIZE

Sep 53 min read

PROFITIZE Case Study

PROFITIZE Case Study: How TechCo Recorded Direct Sale of Finished Goods on Credit

Introduction: TechCo, a company that manufactures electronic gadgets, delivered finished goods to a customer. The customer did not pay...

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Sep 53 min read

PROFITIZE Case Study

PROFITIZE Case Study: How TechCo Recorded the Direct Sale Finished Goods for Cash Involving Advance Payment

Introduction: TechCo, a company that manufactures electronic gadgets, delivered finished goods to a customer. Before delivering the...

PROFITIZE

Sep 52 min read

PROFITIZE Case Study

PROFITIZE Case Study: How TechCo Recorded the Direct Sale of Finished Goods for Cash

Introduction: TechCo, the company that manufactures electronic gadgets, sold a batch of finished goods directly to a customer. TechCo...

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Sep 53 min read

PROFITIZE Case Study

PROFITIZE Case Study: How TechCo Recorded Installment Payment in a Lease Transaction

Introduction: TechCo, a company that manufactures electronic gadgets, recently acquired a piece of equipment on a lease purchase basis....

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Sep 52 min read

PROFITIZE Case Study

PROFITIZE Case Study: How TechCo Recorded Utilities Expense Invoving Advance Payment

Introduction: TechCo, a company that manufactures electronic gadgets, needs electricity to power their factory. Electricity is crucial...

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Sep 52 min read

PROFITIZE Case Study

PROFITIZE Case Study: How TechCo Recorded the Purchase of New Equipment with Finance Lease

Introduction: TechCo, the company that makes electronic gadgets, decided to expand its operations by purchasing new machinery to increase...

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Sep 52 min read

PROFITIZE Case Study

PROFITIZE Case Study: How TechCo Recorded Travel Expense

Introduction: TechCo, a company that manufactures electronic gadgets, needed to send some of its employees to a conference in another...

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Sep 52 min read

PROFITIZE Case Study

PROFITIZE Case Study: How TechCo Recorded Marketing Expense

Introduction: TechCo, a company that manufactures electronic gadgets, decided to launch a new marketing campaign to promote their latest...

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Sep 52 min read

PROFITIZE Case Study

PROFITIZE Case Study: How TechCo Recorded Insurance Premium for its Factory

Introduction: TechCo, the company that manufactures electronic gadgets, realized they needed insurance to protect their factory from...

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Sep 53 min read

PROFITIZE Case Study

PROFITIZE Case Study: How TechCo Recorded Rent Income

Introduction: TechCo, a company that manufactures electronic gadgets, owns a property that it rents out to another company. The rent...

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Sep 52 min read

PROFITIZE Case Study

PROFITIZE Case Study: How TechCo Recorded Outbound Shipment Expense

Introduction: TechCo, a company that manufactures electronic gadgets, needed to send a batch of their new smartwatches to their main...