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These comprise goods purchased only for production and selling purposes. Goods utilized as assets and not for sale are not comprised in this head. Net purchase is the dissimilarity among purchases and the purchase return; here purchase is the sum of cash and credit purchase. Remember that sometimes, purchased return is termed as Return Outward.
Dear Sir, I am an accountant working in a company with limited liability (WLL), one of the partners (A) will withdraw from our company. One of the existing partner (B) of the comp
Accounting Concepts: The dual aspect principle has specific relevance to balance sheet. According to this principal, every transaction is concerned as one that has dual ef
Direct expenses comprise all those expenses incurred in bringing the goods to the place of business or trade or in-production process till the goods are placed in saleable places.
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Standards at International Level: In view of the development of international trade and multinational enterprises, the requirement for standardization at the international level w
Governing Documents - Official legal documents which dictate how an entity is operated. Governing documents of a CORPORATION include ARTICLES OF INCORPORATION and BYLAWS; a PARTNER
If I sold aan asset before its matured perid what will be it''s Depreciation schedule?
Make a new information system for this company. Your solution should contain the following items: 1. An overview of the primary features of the new system, describing why this
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