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Q: The formula of subtracting liabilities from assert will provide what?
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What are resources owned by a business?

assert


What is Vouching?

vouching means examination of documentary evidence to ascertain the accuracy and authencity of transactions recorded in the books of accounts.Vouching is:v.intr.To give personal assurances; give a guarantee: vouch for an old friend's trustworthiness.To constitute supporting evidence; give substantiation: a candidate whose strong record vouches for her ability.v.tr.To substantiate by supplying evidence; prove: charges that he could not vouch.Law. To summon as a witness to give warranty of title.To refer to (an authority, for example) in support or corroboration; cite.To assert; declare


Can you cancel a certified check if lost?

In general, a claimant, i.e. the the drawer or payee of a certified check, may assert a claim to the amount of the check by a communication, e.g. a declaration of loss, to the obligated bank in a time and manner that provides the bank with a reasonable time to act on the communication before the check is paid and includes a description of the check with reasonable certainty. In the case of a certified check, the claim becomes enforceable on the ninetieth day following the date of acceptance. See the Uniform Commercial Code, Article 3, Section 3-312(b).


What is the definition of subject to reservation of title in accounting terms.?

Reservation of titlea) Our deliverables remain our property up to payment of all our outstanding bills - irrespective of the reason and in particular also payments arising from previous mutual transactions. In the case of open accounts the reserved title serves as collateral for our balance claims. We reserve the right to decide which payments on account can be credited to which parts of the overall debts.b) If the delivered good is associated with another movable good in such a way as to be seen as a substantial part of a new good, the client shall already now transfer the pro-rata co-ownership of the new good to us. The client exercises possession of the new good on our behalf.c) The client may -- unless he has defaulted on payment of the purchase price -- resell our deliverable in the context of proper business on reservation of title against payment of cash or bill of exchange. As long as the goods subject to reservation of title remain with the client, he shall store them on our behalf with the due care and diligence of a prudent businessman.d) If the client sells the goods subject to reservation of title, he herewith transfers the total claims arising from reselling the goods subject to reservation of title; in the case of prior treatment or processing and/or combination with other goods not in our possession, he transfers the claims in the amount of the value of the processed good subject to reservation of title. If the good is sold for a lump sum, the client herewith transfers his purchase price claim in the amount of the value of the good subject to reservation of title that is the subject matter of this purchase contract.e) The client shall be obliged to notify the third-party debtor upon our request of the transfer indicating the amount of our claim. He is obliged to provide us with any information and materials required to assert our rights. If the value of the claims transferred to us exceeds our outstanding overall claim against the client by more than 20%, we shall be obliged at the client's request to re-transfer the part that is in excess.f) The client must not pledge, assign or transfer as a security either our goods subject to reservation of title or our rights or other instructions affecting our rights. The client shall notify us without delay of any influence of third parties -- including action concerning goods subject to reservation of title, any claims transferred by us or any rights as substantiated in the preceding paragraphs -- submitting any documentation which may be necessitated by intervention. Any and all costs of an intervention on our part shall be borne by the client.g) In the case of a default in payment we shall have the right to decide whether to assert the reservation of title while rescinding the contract or retaining it. Unless the reservation of title is explicitly asserted while rescinding the contract, it shall not be deemed a rescission.h) We shall have the right - upon exercising the return clause as defined in Item 9 of this agreement - to sell the purchase object by private contract setting it off against the purchase price claim. In this case the client is entitled to name potential buyers. In addition, we are obliged to notify the client prior to the conclusion of a purchase contract with a third party, disclosing to him the purchase price; the client then has the option to name a better potential buyer within seven days; a binding offer has to be submitted to us within this period. The deliverable shall be sold to the highest bidder


What is purchasing power parity?

The purchasing power parity (PPP) theory uses the long-term equilibrium exchange rate of two currencies to equalize their purchasing power. Developed by Gustav Cassel in 1920, it is based on the law of one price: the theory states that, in ideally efficient markets, identical goods should have only one price. This purchasing power SEM rate equalizes the purchasing power of different currencies in their home countries for a given basket of goods. Using a PPP basis is arguably more useful when comparing differences in living standards on the whole between nations because PPP takes into account the relative cost of livingand the inflation rates of different countries, rather than just a nominal gross domestic product (GDP) comparison. The best-known and most-used purchasing power parity exchange rate is the Geary-Khamis dollar (the "international dollar"). PPP exchange rates (the "real exchange rate") fluctuations are mostly due to market exchange rates movements. Aside from this volatility, consistent deviations of the market and PPP exchange rates are observed, for example (market exchange rate) prices of non-traded goods and services are usually lower where incomes are lower. (A U.S. dollar exchanged and spent in India will buy more haircuts than a dollar spent in the United States). PPP takes into account this lower cost of living and adjusts for it as though all income was spent locally. In other words, PPP is the amount of a certain basket of basic goods which can be bought in the given country with the money it produces. There can be marked differences between PPP and market exchange rates. [1] For example, the World Bank's World Development Indicators 2005 estimated that in 2003, one United States dollar was equivalent to about 1.8 Chinese yuan by purchasing power parity [2] - considerably different from the nominal exchange rate that put one dollar equal to 7.6 yuan. This discrepancy has large implications; for instance, GDP per capita in the People's Republic of China is about US$1,800 while on a PPP basis it is about US$7,204. This is frequently used to assert that China is the world's second-largest economy, but such a calculation would only be valid under the PPP theory. At the other extreme, Japan's nominal GDP per capita is around US$37,600, but its PPP figure is only US$30,615.

Related questions

Provide syntax for assert keyword?

assert (boolean expression); Example: assert (a >= 0);


What is Better phrase for 'in which you assert'?

in which you assert


Which 2 words are opposite in meaning demand impede negate ignore provide assert?

Demand and provide are opposite in meaning, in the sense that one is asking for something (requires its provision) and the other is supplying it.


How can you write assert in a sentence?

Let me assert my position for you.


What is analogy of assert and deny?

Assert : Deny what would that analogy be?


How do you use word assert in a sentence?

The electors of the party were required to assert their allegiance. The plantiffs in the lawsuit assert that the defendant swindled them.


Put the word assert in a sentence?

Example sentence for the verb to assert: I wish to assert that I had no part in the attempted cover-up. I am not a crook!


Sentence with assert?

He used his strong voice to assert his authority over the group.


How do you assert yourself in a job?

i assert myself as a hard worker, team player and dedicated to my job.


What is the adjective of assert?

assert is the verb. assertive is the adjective, assertion is the noun, assertively is the adverb.


How do you round off a number in c language?

Use the round() function in the C99 standard library. Example: #include<math.h> #include<assert.h> double x = 0.1234567; assert ((round (x * 10) / 10) == 0.10); assert ((round (x * 100) / 100) == 0.120); assert ((round (x * 1000) / 1000) == 0.1230); assert ((round (x * 10000) / 10000) == 0.12350); assert ((round (x * 100000) / 100000) == 0.123460); assert ((round (x * 1000000) / 1000000) == 0.1234570); assert ((round (x * 10000000) / 10000000) == 0.12345670);


A verb beginging with a?

assert