top of page
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 5, 20242 min read
29
0
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 5, 20242 min read
11
0
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 5, 20244 min read
4
0
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 5, 20243 min read
3
0
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 5, 20244 min read
0
0
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...
PROFITIZE
Sep 5, 20243 min read
3
0
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...
PROFITIZE
Sep 5, 20243 min read
0
0
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 5, 20243 min read
1
0
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 5, 20243 min read
1
0
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...
PROFITIZE
Sep 5, 20243 min read
1
0
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 5, 20243 min read
0
0
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...
PROFITIZE
Sep 5, 20242 min read
0
0
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....
PROFITIZE
Sep 5, 20243 min read
6
0
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...
PROFITIZE
Sep 5, 20242 min read
0
0
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...
PROFITIZE
Sep 5, 20242 min read
1
0
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...
PROFITIZE
Sep 5, 20242 min read
0
0
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...
PROFITIZE
Sep 5, 20242 min read
1
0
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...
PROFITIZE
Sep 5, 20242 min read
0
0
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...
PROFITIZE
Sep 5, 20243 min read
0
0
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...
PROFITIZE
Sep 5, 20242 min read
0
0
bottom of page