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How to create account for barter transactions? As My Company is providing a service to another company and that company is reimbursing us with his service.
Why to and by using in journal, trading a/c, p&l a/c and ledger?
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Forms of business organizations Accountants habitually refer to a business organization as an accounting entity or a business entity. A business entity is some business organiz
How the use of different accounting policies affect the financial performance of different entities operating within the same industry
on 1 april,2007,X Ltd. makes an issu of 10,00,000 equity shares of rs.10 each payable as follows: on application-rs.3;allotment-rs.5;on first call rs.2(3 month after allotment). ap
Q. Explain about trade discount? A trade discount is a percentage deduction or else discount from the specified list price or catalogue price of merchandise. Companies utilize
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the consequences of non-compliance of each of the accounting concepts.
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