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Determine about the Debit memorandum
A debit memorandum is the buyer's written request to seller for credit. Individual account is debited to reduce the amount which they need to pay. Accounts Payable account will also be reduced as it's the controlling account.
Q. Learning objectives of Accounting theory? - Discuss and Identify the underlying assumptions or else concepts of accounting. - Discuss and Identify the main principles of
Q. Explain about Accountants record expenditures? Accountants record expenditures on physical resources such like buildings, land and equipment that benefit future periods as a
the meaning of dual concept
Having trouble with word problem: Planned Acquisition cost $2.1M Salvage Value $0 16% discount rate savings = year end Savings: year 1 150k year 2 175k year 3 300K year
Can a copy constructor accept an object of similar class as parameter, in place of reference of the object?
transactions can be even directly entered to the ledger elaborate and explain why journal is necessary
State the term- Purchases Returns and Allowances Purchases Returns and Allowances is the name of the account which provides better control of allowances and returns of mercha
Explain any two concepts of accounting with examples
1. An accountant records a transaction when cash is paid or received under which basis of accounting? cash deferred accrual liability 2. When unearned revenue is initially rec
o depreciation on the building has been recorded in 2016. Depreciation on the building is based on Double-Declining Balance. It was purchased on 1/1/15 and has an estimated useful
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