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Q. What is Contractor Ledger?
Accounts relating to contractors should be kept as personal accounts in contractor's ledger and a separate folio should be opened in the Contractor's ledger for each Contractor should exhibit all transactions with him , Whether relating to one or several works or to materials purchased from him or supplied to him . The Contractor's ledger should show the number and amount of each passed bill and certificate , briefly naming the work and the number and amount of the cheque . The amount of advance granted to a Contractor as well as the value of material rates , should be debited to his account and a receipt for the value there of taken from him in respect of the debits.
The Contractor's ledger should be posted as bill are paid it should be closed and balanced monthly . A copy of his accounts in the ledger may be furnished to any Contractor who wants it .
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$in million Pepsi Coca cola Net cash provided by operating activities $6,796 $8,186 Average current liability 8,772 13,355 Average total liability 22,909 21,491
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Please use the information below to complete Form 1120S and the Schedule K-1%u2019s for Form 1120S. Blank forms can be found on the Hands-On Assignment page or in Doc Sharing. If y
A____ is a loss to the business and a gain to the debtor
Question: Consider a project that involves the purchase of a $100,000 machine. The machine will last for three years. It is expected to produce 20,000 units per year. The sa
Income statement2013 2012 2011 Net revenue 5,075,390.. 4,763,180.. 4,158,507 Cost of goods 1,377,242.. 1,297,102.. 1,134,966.. Gross profit 3,698,148.. 3,466,078.. 3,023,541 Total
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