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Establishing the Change Fund Change Fund (asset) is debited and Cash is credited. Only time this fund would be used is if the fund is established or increased, just like Pet
A of Surat consigned goods to B of Jaipur to be sold at or above invoice price. B is entitled to get a commission of 8% on sales at invoice price plus 25% of any surplus price real
What is the implication of applying accounting concepts wrongly
Ask question Discuss the export financing under the deferred payment system.#Minimum 100 words accepted#
What if the public holiday falls on a rest day? how to pay and which one is?
Q. Explain about closing process? Expense, revenue and dividends accounts are nominal (temporary) accounts that are merely sub classifications of a real (permanent) account Ret
10,000 dollar loan at a Maturity of 3 months, an 8% interest rate
Q. Uses of journal in accounting? Organizing journal entries in a computerized system is different than in a manual system. The computer usually asks for the number of the acco
Q. Balance of the Merchandise Inventory account? The balance of the Merchandise Inventory account is a cost of the inventory that should be on hand. This fact is a major reason
A Customer Master Record is a permanent record that haves key information about a business partner or a material. This information must be entered into the system before any transa
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