0
If your business receives a gift - such as a computer from your relative - do you have to record this is your books?
Wiki User
∙ 16y ago
You certainly don't have to make an entry because there was no financial transaction. However, if the relative gave the computer to you and you put it in the business, you could record the asset at a fair value and credit Loan From Stockholder. This way you get two tax benefits. First, the company gets a deduction for depreciation expense; and second, you get a tax-free distribution when the company pays the loan.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
How do you record sale of a business?
The best way to record a sale of business is to download it to your computer as a PDF file. This file cannot be tampered with.
What is permanent record of a business letter?
A 'permanent record' of a business letter is a physical, hard copy (photo copy or print out) made of the letter before it is sent. Today, many people rely on the letter kept in a computer file as a 'permanent record'. Which is the best practice is up to the person (people) responsible for keeping the record.
What is Relative file names?
An organization in which all records are a fixed logical record length and records are extracted through the specification of their relative record number.
What is record keeping in a business?
Maintaining daily transaction records in account books in a business is called record keeping. While it was manual in early days, presently all records are kept in computer generated accounting system where chances of error is minimum.
When was The Business - record store - created?
The Business - record store - was created in 1978.
How do you use your computer to record a song?
You can use audacity with a mic plugged into your computer. This tutorial is for podcasting but this page is still relative, just ignore the ID3 and hosting parts. http://www.how-to-podcast-tutorial.com/17-audacity-tutorial.htm
What indicates a records position relative to the beginning of a file?
A relative record number indicates a records position relative to the beginnig of a file.
Who receives a copy of the Notice of Appeal?
All 'parties of record' to the case.
How do you computerize a small business?
Give all your emplyees computers and make them use them also record all of you financial and other actions on computer files
Which artistic role was fulfilled in Jahangir Receives a Cup from Khusrau?
To record and commemorate.
What is computer asset management?
Computer asset management is software used to track the computers and other related hardware and software owned by a business. As people leave and technology improves a company needs to keep a record of what they have and where it is.
Do you have to have the HD PVR plugged into your computer to record?
Yes, you do need to plug a HD PVR into a computer to record.
