barter transactions, 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:- barter transactions

Career in taxation, A career in taxation is by no signifies limited to publ...

A career in taxation is by no signifies limited to public accounting. for the reason that there are so many types of taxes impacting so many aspects of our lives tax specialists ac

Similarity in financial and management accounting & finance, 1.  What are f...

1.  What are financial accounting, management accounting, and finance? What are their similarities and differences? 2. What information does a balance sheet provide? How do acco

Asset or expense?, what does office stationery at year end classify as? ass...

what does office stationery at year end classify as? asset or expense?

Accounting diversity and harmonization, The analysis focused primarily on t...

The analysis focused primarily on the role, structure and funding arrangements for the International Accounting Standards Board (IASB), an entity that has been responsible for majo

Account, I want to learning Accouny basic

I want to learning Accouny basic

Common adjustments in balance sheet, COMMON ADJUSTMENTS AFFECTING THE PREPA...

COMMON ADJUSTMENTS AFFECTING THE PREPARATION OF BALANCE SHEET ARE: 1. Closing stock :  Closing stock come into view on the credit side of trading account and assets side of

Ratio analysis, want to know sbp bsc rato analysis for 2010 t0 2014

want to know sbp bsc rato analysis for 2010 t0 2014

Show the chart of accounts, Q. Show the Chart of accounts? Chart of acc...

Q. Show the Chart of accounts? Chart of accounts -- a listing of all accounts or categories into that businesstransactions would be classified and recorded. Every account gener

Journal entry , Acquired a shop on monthly rent for Rs. 3,000 after paying ...

Acquired a shop on monthly rent for Rs. 3,000 after paying cash Rs. 36,000 as advance rent ??

Explain vertical analysis, Q. Explain Vertical analysis? Vertical analy...

Q. Explain Vertical analysis? Vertical analysis demonstrates the percentage that each item in a financial statement is of some significant total such as total assets or sales.

Elen

2/19/2014 3:43:32 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