User Account

All Pages

Why is it deducted from sales in Trading account

Assignment Help Accounting Basics
Reference no: EM133039687

Question - Goods costing Rs 10000 was sent on approval basis for 12000. Thid was recorded as cash sales. Why is it deducted from sales in Trading account and from debtors in Balance sheet?

Reference no: EM133039687

Questions Cloud

Poster on camera trapping for assessing mammal population : Poster on Camera trapping for assessing mammal population in woodlands - explaining how the approach works in principle
Unethical sales presentation techniques characters : Bernie is very interested in buying a color television. He tells Sam, the salesperson in the discount store where he feels he can get the best buy, that his old
Question on information systems : Case: Information systems can help us to address mental health challenges. Assuming you areaddicted to one of the following: alcohol, smoking, social media
What the correct net present value of the machine : If Carlin ignores income taxes and the machine is expected to have a six-year service life, what the correct net present value of the machine
Why is it deducted from sales in Trading account : Goods costing Rs 10000 was sent on approval basis for 12000. Thid was recorded as cash sales. Why is it deducted from sales in Trading account
Essay - Heterodox economics approaches : Essay - Heterodox economics approaches - heterodox economics approaches of your choice, diagnose what you consider to be a central problem
What is the probability of spending more than two days : The patient recovery time from particular surgical procedure is normally distributed with a mean of 5.3 day. What is probability of spending more than two days
How much is the company contract asset for the year : Costs incurred to date P900,000; Construction income to date P300,000. How much is the company's contract asset (liability) for the year 2019
What is the approach of railway organisation : What is the approach of railway (Network rail) organisation?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd