How to account for Letter of Credit in the Books of Accounts of the Company ?
Latest Answer: 1-Debit the account of the applicant with us and credit the bank of the beneficary with the equal money 2-Debit applicant account with us and credit the suspense account with us when the applicant pay for us. ...
Cash budgets in the compnay must be prepared before the operating income budgets?Yes / No? Explain why
Cash budgets in the compnay must be prepared before the operating income budgets?Yes / No? Explain why
Wasting assets are those which will decrease by the consumption. ex:- coal mines
What is the difference between a Provisions and Reserves?
Latest Answer: PROVISIONS: These are made aganist charge. Provision are made if there is profit or not for company.ex: Bad debts, income tax.RESERVES These are made on profits. Generally every has kept minium 10% as reserves. ...
What is the meaning of Comprehensive Income
M men agreed to purchase a gift for $D. If 3men drop out, how much more will each have to contribute toward the purchase of the gift
What is prepaid expense and what are its effects?
Latest Answer: Prepaid expenses are those expenses which are paid in advance, and whose benefit will be available in future. ...
Latest Answer: A financial institution that sells shares to individuals and invests in securities issued by other companies is called fund & we can also define this as reserve of money set aside for some purpose is called fund A Prompt payment for goods or services ...
What is Back Flash Accounting and explain with an example
Latest Answer: When you report Finished goods production in the system, raw materials/packing materials/chemicals will be issued automatically by the system as per the Bill of materials specified in the system for that specific finished product ...
How does posting acctounts payable and receivable effect the general ledger?
Latest Answer: Once the posting is done, then the debtors/creditors ledgers are updated and the correct balance is reflected in the ledgers. ...
View page << Previous 7 8 9 10 [11] 12 13 14 15 16 Next >>
Go Top
