How to manage barter income?, Accounting Basics

How to create account for barter transactions? As My Company is providing a service to another company and that company is reimbursing us with his service.

Related Discussions:- How to manage barter income?

Calculate traditional manufacturing overhead allocation rate, The following...

The following was taken from the records of the Frederic Products Company for 200X: 5) y for 200X: Total estimated manufacturing overhead cost for the year is $288,750 Total

Accounting, Accounting Accounting has evolved and emerged within respo...

Accounting Accounting has evolved and emerged within response to the social & economic requirement of the society. The accounting procedure has its own syntax. The primary sys

Learning objectives of inventory turnover ratio, Q. Learning objectives of ...

Q. Learning objectives of inventory turnover ratio? - Net income for an accounting period depends straight on the valuation of ending inventory. - If the ending inventory is

High-fiber diet for diverticular disease, Q. High-fiber Diet for diverticul...

Q. High-fiber Diet for diverticular disease? For mild symptoms, a clear liquid diet is recommended. More serious cases may require hospitalization, intravenous feeding to rest

A bauxite mine was acquired at a cost of $1, A bauxite mine was acquired at...

A bauxite mine was acquired at a cost of $1,500,000 and estimated to contain 6,000,000 tons of ore. During the year, 95,000 tons were mined and sold. Prepare the journal entry fo

Project, What does receiving a bid do to your business records?

What does receiving a bid do to your business records?

Illustrate the cases of financial accounting, Illustrate the cases of finan...

Illustrate the cases of financial accounting ?Enron, an energy-trading business which is based in Texas, and was accused of entering into complicated financial arrangements in

Scope of accounting, The range of accounting can be presented in a diagramm...

The range of accounting can be presented in a diagrammatic form. Data collection and creation is the area that provides raw material for accounting. The data collecte

Issues related with accounts receivable, What are the issues related with A...

What are the issues related with Accounts receivable? Ans) As the Accounts Receivable, you will: ? Oversee and determine all issues related to cash application to make sure

Systems understanding aid, I need help with transaction 4

I need help with transaction 4

Alice 2/19/2014 3:39:25 AM Firstly, clear mark or file all barter income and expense documents as "bartering," and retain all original source documents pertaining to your barter transactions. You are require to credit - Bartering Income and then debit the expenses for the services your company received.
avril 2/19/2014 3:48:53 AM Firstly, clear mark or file all barter income and expense documents as "bartering," and retain all original source documents pertaining to your barter transactions. You are require to credit - Bartering Income and then debit the expenses for the services your company received.

Alice

2/19/2014 3:39:25 AM

Firstly, clear mark or file all barter income and expense documents as "bartering," and retain all original source documents pertaining to your barter transactions. You are require to credit - Bartering Income and then debit the expenses for the services your company received.

avril

2/19/2014 3:48:53 AM

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages