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What is Discounts received?
Define accounting.Briefly explain the accounting concepts which guide the accountants at recording stage
Q. What do you mean by Salaries? The recording of the payment of employee salaries typically involves a debit to an expense account and a credit to Cash. But for a company pays
Financial accounting reports are mandatory to be prepared by the firms, and are scrutinized by auditors, creditors or Government or Tax authorities. But management accounting recor
Q. Define Operating expenses? Operating expenses for a merchandising company are those expenses other than cost of goods sold incurred in the usual business functions of a comp
what is the BRS
twhat is debit?
explain the procidure followed in government system of accounting in india?
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Q. What is Operating revenues? Operating revenues are the revenues generated by the main activities of the business- generally the sale of products or services or both.
Company took loans of rs 400000from mbl and issued 8% debentures of rs 500000b as collateral security pass journal entries regarding issue of debentures if any and show the loan in
A discount received arises when a business is granted a discount from a supplier for settling their account within a specified time period. The difference between the original invoice and the actual payment made is the value of the discount received.
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