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is it a liability
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How do you treat interest on debentures in final accounts?
is it a liability
Why debentures are not forfeited?
debenture is a loan to company and its face value will be higher moreover it carries fixed interest which is charge against profits.so there is no chance from the side of debenture holder for non payment of calls after repeated notices from the company. from the view point of company it cannot forfiet a debenture and treat it as a capital profit because they are not owners is this explanation coreect for that question?
How do you treat interest on advance payment of tax in financial statements?
there is no interest on advance payment of tax
Effects hooliganism in sports?
it courses a treat on other individual how have the interest in sports
How to treat interest on capital while preparing balance sheet?
Interest on capital is added on the capital account in balance sheet as interest incurred from capital is based on business entity assumption.
How do you treat a contra entry in a control accounts?
A contra entry in control accounts occurs when there are reciprocal transactions between two accounts, such as a customer also being a supplier. To treat a contra entry, you would offset the amounts involved by recording them in both the sales and purchases control accounts, effectively reducing the overall balances of both accounts. This ensures that the net effect is accurately reflected in the financial statements, maintaining the integrity of the accounting records. It is essential to document these entries clearly for transparency and reconciliation purposes.
What is the purpose of the patient ledger?
To track accounts receivables for each doctor when multiple doctors treat the same patients.
How do you treat commission receivable due?
To treat commission receivable due, first record it as an asset on the balance sheet under accounts receivable. When the commission is earned, recognize revenue in the income statement. Once payment is received, update your cash account by increasing it and decreasing the accounts receivable. Ensure to monitor for any overdue amounts and assess the need for an allowance for doubtful accounts if collection is uncertain.
What is Open interest in future trade?
Open interest indicates the number of open contracts in futures trading. An open futures contract consists of a long and a short trading a single contract. Some exchanges treat that as 1 open interest while some exchanges treat that as 2 since two parties are involved in the trade. In general, the more open interest a futures contract has, the more liquid it is.
What is the easiest way to get a girl to like you?
treat her well and show an interest in the things she likes to think and talk about.
How do you treat irreconcilable Intercompany Account?
No accounts are irreconcilable. You may give uo looking for the difference but that doesn't mean it can't be found.
What is provision for depreciation and how do you treat it in accounts?
A provision of depreciation account is different than other accounts because it collects all of the value of depreciation within the account. In the main asset account, depreciation is not credited because it is credited into this account.
