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![]() Related Questions Latest Answer : So, how does this transation affects the balance sheet? Obviously it appears as a liability but what other area of the balance sheet does it affect?e.g. Contingent liability for $3,000,000 appears as a liability. Does this also have a contra entry ... Read Answers (17) | Asked by : Ayaz Ahmed Should the Cash Discounts GL hit the Balance Sheet in SAP from US concept. If yes then why? Or If No, they why?Please explain how the entry flows and also how would you clear the Open item in cash discount GL and analyse the reason for the same. Read Answers (1) | Asked by : John Mathew Which of the following dose not included in the Government accounting Balance sheet: 1) Asset, 2) Cost, 3) Liability, 4) Surplus. Read Answers (7) | Asked by : cc Latest Answer : A form of financing in which large capital expenditures are kept off of a company's balance sheet through various classification methods. Companies will often use off-balance-sheet financing to keep their debt to equity (D/E) and leverage ... Latest Answer : Shadow balance is that balance which is not yet clear.Consider any company's case.Company has given money to someone by a cheque. Then they have shown in their cash book that money has been given. Subsequently the balance will show lower. While the ... Latest Answer : There are certain expenditures/expenses, the benefit of which is not limited to one particular year. Therefore, the whole of these expenses cannot be charged to the profit and loss account at once and hence they are deferred. For e.g. Share Issue ... If i have paid for something why cant i expense the entire amount on the income statement?why do we need to make an adjustment to the insurance policy at the end of the year? wouldn't it have easier to record the entire balance as an expense in November when the policy was ?purchased?why do I need to take an inventory count of my supplies at the end of the year?If I receive the Hydro bill on August 5th, why don't we record the transaction for the next fiscal period rather then include Read Answers (1) | Asked by : Nick Wasting assets are those which will decrease by the consumption. ex:- coal mines View Question | Asked by : rama krishna , sacet Which items belong in income statement and do not belong in balance sheet statement Latest Answer : examples of a income statement and balance sheet ... Read Answers (4) | Asked by : johnny Why do we prepare Trail Balance? Latest Answer : In Accounts Perspective: Trail balance will be prepared to know the Arthamatic Accuracy of all the accounts with in a given period normally yearly basis.This statment consist of heads belongs to REAL ACCOUNT AND PERSONAL ACCOUNT Trail balance will ... Read Answers (2) | Asked by : gopi
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