What Is the Different Accounting Treatment with Respect to Supplies

question 4

Essay

What is the different accounting treatment with respect to supplies inventory using the Consumption versus the Purchases method?

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Definitions:

Ester

Organic compounds derived from an acid where at least one –OH (hydroxyl) group is replaced by an –O– (alkoxy) group.

Aldol Reaction

A type of organic reaction where an enol or an enolate ion reacts with a carbonyl compound to form a beta-hydroxyaldehyde or beta-hydroxyketone, followed by dehydration to give a conjugated enone.

Crossed Aldol Condensation

A chemical reaction involving two different carbonyl compounds to form a β-hydroxyketone or an α,β-unsaturated ketone under basic or acidic conditions.

Cinnamaldehyde

A yellow oily compound that gives cinnamon its flavor and odor, known chemically as a phenylpropanoid.