What is a valuation account, Basic Statistics

What is a valuation account?

In accounting, an assessment consideration is usually a stability sheet consideration that is used in combination with another stability sheet consideration to be able to review the holding quantity of a resource or obligation.

An example of an assessment consideration that is associated with a resource is the Allowance for Doubtful Records. This account’s credit score stability will be combined with the charge stability in Records Receivable to be able to review the holding quantity of the company’s accounts receivable. Other assessment accounts include Discount on Notes Receivable, Accumulated Depreciation, and allowance accounts used with inventory and investments.

An example of an assessment consideration associated with an obligation is Discount on Ties Due. The charge stability in this assessment consideration will be combined with the money score stability in Ties Due to be able to review the holding quantity of the bonds. Premium on Ties Due is an assessment consideration with credit score stability.

Expertsmind.com offers unique accounting assignment help

Posted Date: 3/31/2012 7:21:38 AM | Location : United States







Related Discussions:- What is a valuation account, Assignment Help, Ask Question on What is a valuation account, Get Answer, Expert's Help, What is a valuation account Discussions

Write discussion on What is a valuation account
Your posts are moderated
Related Questions
1. Warm-up Exercise Volumes I, II, III, and IV of Shakespeare are in sequence next to one another in the library bookcase.  Each volume has 2" of pages and the front and back co


A drainage system overows into a river causing pollution when the rainfall falling in an hour exceeds 50 mm. During any given year, the maximum hourly rainfall follows an exponenti

meaning and definition of operations rsearch

Q. Example of inference? Ans. Thirty students from a college were surveyed and classified according to two variables: (1) gender (M/F) and (2) major (liberal arts, busines

The initial research proposal will consist of the following SIX (6) items: 1. Identify a business research topic 2. Define the research questions for the identified problem or opp

when testing hypothesis is the level of significanc the type error I?

Computer Project for Student Exam Scores The data in the excel spread sheet titled Data for Hypothesis Testing in the column titled Scores from Student Population represents m

Your friend Jose is trying to decide whether to buy or lease his next vehicle. He has gathered information about each option but is not sure how to compare the alternatives. Purcha

An audit of the accounting records of Loch Ness Ltd. for the year ending 30 June 2012 discovered that the ending inventory balance was over-valued by $35,000. Upon further investig