answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Can a holding company take money out of subsidiary account and not return them?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

If supplies are return back to company and a reduction is on the account is it a credit or debit?

Debit account


What is the normal balance of a capital account?

Capital account has credit balance as a normal balance of account as it is the amount company requires to return back to it's owner at the time of liquidation.


What is the average return on a checking account?

average return on a checking account is about 0.1


What is the journal entry for sales return?

[Debit] Sales Return account [Credit] Cash account


What is journal entry to record return of supplies on account?

debit accounts payablecredit supplies return account


If you invest in a company and the funds are put into a non company account what action can you take as these are not being accounted for properly?

If you have invested the money for some return, and the said money has been put in non company account, it's a forgery. You should register your protest along with a copy to the Registrar of Companies for needful action.


What account is affected in an account journal when you return office supplies that was bought on account?

Say I purchsed $500 in Office Supplies on account, I return the office supplies, since I purchased them on account, the company I purchased them from will extend me a credit to my account decreasing the balance I owe them by the said amount. My books will record....Account Payable (debit)Office Supplies (credit)I debit my Account Payable to show that I no longer owe that amount and I credit my Office Supplies to show that I no longer have that amount of supplies on hand.


How do you calculate the holding-period return?

The holding-period return (HPR) formula is the return an investor would get for holding a security for a specific period.HPR = (Pt + D / Pt-1) - 1Where,Pt is the stock price at the end of the period of time.D is the dividend payment.


What does return on assets mean to a small company?

"Return on assets, also known as return on investments, is an indication of how well a company uses their holdings to generate a profit. With any company, the higher the return, the better the company is doing."


Give an account of the circumstances which led to John's return to Mananwaka?

Give an account of the circumstances which led to John's return to Mananwaka?


The real return on holding money?

inflation rate


What is the journal entry for goods return?

If sales goods returned: [Debit] Sales account xxxx [Credit] Sales Return account xxxx if purchase goods returned: [Debit] Purchase return xxxx [Credit] Purchases account xxxx