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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.
twhat is debit?
Workers compensation insurance Workers compensation insurance provides protection for employees who suffer a job-related illness or injury. Entire cost is generally paid by t
i want to clear concepts of journal
Suppose a firm owns oil well assets. It is deciding how much oil to extract from its oil wells this year and next year. Production of oil costs $10 per barrel this year; next year,
You recently landed your dream job working for the state as an accountant. You are given the task to research several state and local governmental financial accounting issues. F
explain the 5 modern techniques of accounting
AL MASA a sole trader,decided to install a new machine to use
started in business with cash 16,000
Bill is an avid angler. His favorite fishing location is Willow Lake, which supports year-round sport fishing. His monthly demand function for fishing at Willow Lake is given by x
A swap valuation method which involves summing and computing the present value of each and every future net settlement and would be required by the contract terms either future s
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.
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