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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 the accounting concepts and conventions? and what is the procedure to follow the accounting formats
what would be the entry for-"rent recieved in advance"
Q. Advantage of a pre-inventory sale? Have you still taken advantage of a pre-inventory sale at your favourite retail store Many stores offer bargain prices to decrease the mer
want a question of general jouranal , t account ,traial balance , income statement and balance sheet
formation of partnership and changes in constitution of parternship
1-Aug-13 Started business by investing $20,000 from personal savings into a business' bank account and a car and furniture worth $90,000 and $30,000 respectively. 2-Aug-13 Purc
Q. How to determine inventory cost? To place the proper evaluation on inventory a business must answer the question: Which costs must be included in inventory cost? After that
In earlier times in history, wealthy people utilized 'stewards' to direct their property. These stewards made an account of their stewardship to their owners periodically. This ide
Obtain the relevant authoritative literature on accounting for accounts receivable using the FASB''s Codification Research System at the FASB website. What is the specific citation
Q. Example on gross margin method? To demonstrate the gross margin method of computing inventory assumes that for several Years Field Company has maintained a 30 per cent gross
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