Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. Show Recording changes in dividends?
Recording changes in dividends ever since dividends decrease retained earnings increases appear on the left side of the Dividends account and diminish on the right side. Therefore the firm records payment of a USD 2000 cash dividend as follows At the last part of the accounting period the accountant transfers any balances in the expense and revenue and Dividends accounts to the Retained Earnings account. This transfer take place only after the information in the expense and revenue accounts has been used to prepare the income statement. We illustrate and discuss this step in section 4. To resolve the balance of any T-account total the debits to the account total the credits to the account and deduct the smaller sum from the larger. If the total of the debits exceeds the sum of the credits the account has a debit balance. For illustration the following Cash account uses information from the preceding transactions. The account contained a debit balance of USD 13400 computed as total debits of USD 16000 less total credits of USD 2600.
Q. Explain about cost principle? As applied to largely assets this principle is often called the cost principle. It utter that purchased or self-constructed assets are initiall
Treatment of Provision for Taxation and Proposed Dividend: As preparing the Funds Flow Analysis, the treatment of condition for Taxation and planned Dividend is very significa
Q. What is Purchase Discounts account? The buyer records the purchase discount merely when the invoice is paid within the discount period and the discount is taken. The Purchas
Q. Explain about debits and credits? Accountants utilize the term debit instead of saying place an entry on the left side of the T-account. They utilize the term credit for Pla
Define Accounting. Briefly explain the accounting concepts which guide the accountant at the recording stage.
Q. Corporate accounting and accounting for sole proprietorship? Several textbook authors use a sole proprietorship and a partnership form of business ownership to exemplify acc
DEFINE THE FICA TAX PAYABLE AND SUTA TAX PAYABLE FICA TAX PAYABLE-OASDI. Same account is used to record both employees' and the employer's share. Credited to record taxes i
i have propblem in to make assignment so get me help please
Q. LIFO under periodic inventory procedure? The LIFO (last-in, firstout) method of inventory costing presume that the costs of the most recent purchases are the first costs cha
The industrial revolution in England presented a challenge to the development of accounting like a tool of industrial management. Costing techniques were urbanized as guides to man
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd