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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.
WHAT IS ACCOUNTING
Q. What do you mean by Aging? Aging -- a process where accounts receivable are sorted out by age (typically current, 30 to60 days old, 60 to 120 days old and so on.) Aging perm
The company borrowed 30 000on September 1, 2011. The principal is due to be repaid in 10 years. Interest is payable twice a year on each August 31 and February 28 at an annual rate
Q. Example of Unearned service fees? Unearned service fees On December 7 Micro Train Company received USD 4500 from a customer in payment for future training services. The firm
explain the proceedure followed in government system of accounting in india
Explain Carriage inwards.
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Perpetual and Periodic inventory a) Describe the difference between the perpetual inventory method
Q. Explain Merchandise in transit? Merchandise in transit is merchandise in the hands of a shipment company on the date of a physical inventory. As stated above buyers should
Q. Explain about Purchase returns and allowances? Purchase returns and allowances A purchase return takes place when a buyer returns merchandise to a seller. When a buyer recei
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