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#title.Credit note., Accounting Basics
what is meant by credit note
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Common deductions from gross sales, Q. Common deductions from gross sales? ...
Q. Common deductions from gross sales? Generally sales are for cash or on account when a sale is for cash the debit is to Cash and the credit is to Sales. While a sale is on ac
Explain about debits and credits, Q. Explain about debits and credits? ...
Q. Explain about debits and credits? Accountants utilize the term debit instead of saying place an entry on the left side of the T-account. They utilize the term credit for Pla
Cost concept, The resources as machinery, property, buildings and land righ...
The resources as machinery, property, buildings and land rights etc. such a business owns are termed as assets. The money values allocated to assets are derived from the cost conce
On january 1, On January 1, 2012, Bartell Company sold its idle plant facil...
On January 1, 2012, Bartell Company sold its idle plant facility to Cooper Inc. for $1,050000. On this date, the plant had a depreciated cost of $735,000. Cooper paid $150,000 ca
Define the product costs, Q. Define the Product costs? Product costs ar...
Q. Define the Product costs? Product costs are costs earns in the acquisition or manufacture of goods. Since you will see in the next section included as product costs for purc
Adjustments, what will be the journal entry for this: A debit memo from the...
what will be the journal entry for this: A debit memo from the bank was received for bank charges P200.00
Goal of financial reporting, Q. Goal of financial reporting? The second...
Q. Goal of financial reporting? The second goal of financial reporting is to provide information to help present and potential investors and creditors and other users in assess
Preparing a separate trial balance, Q. Preparing a separate trial balance? ...
Q. Preparing a separate trial balance? As an alternative of preparing a separate trial balance as accountants uses the Trial Balance columns on a work sheet. The numbers and ti
Materiality concept, Materiality Concept: There are several events in ...
Materiality Concept: There are several events in business that are trivial or insignificant in nature. The cost of reporting and recording such events will not be justified th
Concepts of accounting, Q. Concepts of accounting? - The major underlyi...
Q. Concepts of accounting? - The major underlying assumptions or else concepts of accounting are (a) business entity (b) going concern (continuity) (c) money measurement (d) st
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