How to manage barter income?, Accounting Basics

Assignment Help:

 

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.


Related Discussions:- How to manage barter income?

Prepare a trial balance, Case Study : Briana Hope has had a long-standin...

Case Study : Briana Hope has had a long-standing love affair with technology and an appetite for apps. She believes that business owners that are not taking advantage of apps to

The hardware from another defective device , Assume we are a trading compan...

Assume we are a trading company giving devices and sometimes after sales service. when any fault came we just replace the hardware from another defective device and getting the pay

Aasignment coverage, Define accounting.Briefly explain the accounting conce...

Define accounting.Briefly explain the accounting concepts which guide the accountants at recording stage

Advantages and disadvantages of lifo, Q. Advantages and Disadvantages of LI...

Q. Advantages and Disadvantages of LIFO? LIFO: Advantages (a) LIFO reports both sales revenue and cost of goods sold in current dollars and (b) lower income taxes result if use

Assignment, “Ledger is said to be the principal book entry and the transact...

“Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.” Elaborate and explain why journal is necessary.

Mr, 2. One never goes alone, hens operation research employs different tool...

2. One never goes alone, hens operation research employs different tools to accomplish: its own tasks, discus each and every tool employed by or throughout its doers.

Minimum subscription, what do you mean by 90% of the entire issue to be rec...

what do you mean by 90% of the entire issue to be received before the allotment of shares?

Alice

2/19/2014 3:39:25 AM

Firstly, clear mark or file all barter income and expense documents as "bartering," and retain all original source documents pertaining to your barter transactions. You are require to credit - Bartering Income and then debit the expenses for the services your company received.

avril

2/19/2014 3:48:53 AM

Firstly, clear mark or file all barter income and expense documents as "bartering," and retain all original source documents pertaining to your barter transactions. You are require to credit - Bartering Income and then debit the expenses for the services your company received.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd