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Investments by owners are raise in equity of a particular business enterprise resulting from transfers to it from other entities of something valuable to gain or increase ownership interests (or equity) in it. Assets are most usually received as investments by owners but that which is received may also include services or satisfaction or conversion of liabilities of the enterprise.
A machine valued on the books at $8500 was sold on credit to $8000.
what is accounting equation and introduction
Liquidity refers to a company's cash position, availability of resources to meet short-term cash requirements, and overall ability to obtain cash in the normal course of business.
t. liabilities ratio is the same as debt equity ratio?
“Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.”
Benchmarking A process by which a company reassesses its established business practices by comparing them with the best practices of other organizations. This process is desi
Service revenue earned on account Metro performed courier deliverance services for a customer who agreed to pay USD 900 at a later date. The company approved credit rather tha
A business had always made a provision for doubtful debts at the rate of 5% of debtors. On 1 January 2017 the provision for doubtful debts brought forward from the previous year wa
can a buyer still avail the 2% discount if he/she partially paid the accounts receivable at the 5th day and the full payment is on the 10th day of the given discount period in th
at the end of May he has a voucher for expenditure of $270 and a balance in hand of $30. explain what the imprest amount is
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