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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.
What is the implication of applying accounting concepts wrongly
The book of Deven Verma could not be tallied. The account transferred the difference of Rs. 1.270 in the suspense account on the debit side. the following mistakes were found later
what do you mean by 90% of the entire issue to be received before the allotment of shares?
what is the contributed capital and how do you figure it out?
Q. What is matching principle? Expense recognition is closely related to as well as sometimes discussed as part of the revenue recognition principle. The matching principle sta
The type of accounting concerned with providing information and analyses to managers within the organization is referred to as
Define Accounting. Briefly explain the accounting concepts which guide the accountant at the recording stage.
TDS (tax deducted at sources) .The person whereas making payments of income,covered by the scheme are responsible to deducted TDS and deposite the similar in goverment treasury wi
What time is it?
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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