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State the term- Liabilities
Current Liability is a debt which is due for payment within one year. Long-term liability is one NOT paid in a year.
OWNER'S EQUITY
Also requires an up-to-date amount for owner's capital.
Q. What is dividend? One idea of the statement of retained earnings is to connect the income statement and the balance sheet. The statement of retained earnings describes the c
Derivative instrument is an asset which develops i.e. takes its origin from another asset. The simplest form of derivative is a forward contract, "It is an agreement to buy or s
Explain the process involved in accounting
Create an adjusted trial balance & journal entries Bank charges of $932.70 were not recorded in the books for 2014. These were credit card fees charged by the bank for Edwards
my unadjusted balance is not the same under credits and debits? And I can''t figure what went wrong.
Determine about the Sales returns and allowances Allowance results when a buyer decides to keep defective or damaged goods though at a reduction from the original price.
Ask 1. What is the organization that is responsible for setting International Financial Reporting Standards? 2. What is the main company that Professor Levine uses for illustratio
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How to create account for barter transactions? As My Company is providing a service to another company and that company is reimbursing us with his service.
Concept of 'Fund' : The word 'Fund' has a range of meanings. several people take it identical to cash and for them, there is no dissimilarity between Cash Flow and Funds Flow
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