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What are the difference of journal entry method and memorandum method in share capital?
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What are the two methods of accounting for share capital?
Journal Entry method and Memorandum method
What are the difference between fixed capital and fluctuating capital?
Difference between Fixed and Fluctuating Capital AccountsFixed and fluctuating capital accounts are the terms which are often used in the context of partnership. Partners can maintain the capital accounts in two ways one is fixed capital account and other is fluctuating capital accounts, let's look at the difference between both of them - Fixed Capital Account - Under this system, the capital which is introduced by partners will remain fixed throughout the life of the partnership. Hence under this method two type of accounts are made one is capital account and other is current account. Therefore all entries relating to drawings, interest on capital, profit and loss share of partner are made in a separate account for each partner, it is called current account of partners. However when partner brings additional capital or withdraws capital permanently, then capital account is credited or debited respectively.Fluctuating Capital Account - Under this method capital account of partners will not remain fixed rather they will keep fluctuating from time to time. In this method all the entries related to drawings, interest on capital and share of profit and loss of partner are recorded in capital account, hence in this method there is no need for current account.Fluctuating capital account method is usually preferred by partners; however they can also use fixed capital account according to their business and preference.
Is a journal entry required when switching from straight line to sum-of-the-years'-digit?
Yes journal entry to adjust the depreciation charge is required while shifting from one method to another method.
Difference between Percentage of Completion method and Completed Contract method?
Difference between Percentage of Completion method and Completed Contract method?
What is the difference between Modified accrual and Full accrual method?
What is the difference between Modified accrual and Full accrual method?"
What are the two methods of accounting for share capital?
Journal Entry method and Memorandum method
Can we do a private placement memorandum combining equity and bonds?
Companies that are seeking to raise capital without going through the publicly traded exchanges can offer equity or debt to accredited private investors through a private placement memorandum (PPM).A PPM does not have to be registered with the Securities and Exchange Commission, is a less costly method of raising capital than going public, and allows a company to have more control over who has the right of disclosure to its financial information.A private placement memorandum can be for debt, equity, or a combination of both types of securities.
What method of output would be best for a memorandum?
Printer would be best method of output for a resume Printer would be best method of output for a resume
Who is the parent of journal therapy?
Dr. Ira Progoff is credited as being the inventor of journal therapy or the Intensive Journal Method.
What are the difference between fixed capital and fluctuating capital?
Difference between Fixed and Fluctuating Capital AccountsFixed and fluctuating capital accounts are the terms which are often used in the context of partnership. Partners can maintain the capital accounts in two ways one is fixed capital account and other is fluctuating capital accounts, let's look at the difference between both of them - Fixed Capital Account - Under this system, the capital which is introduced by partners will remain fixed throughout the life of the partnership. Hence under this method two type of accounts are made one is capital account and other is current account. Therefore all entries relating to drawings, interest on capital, profit and loss share of partner are made in a separate account for each partner, it is called current account of partners. However when partner brings additional capital or withdraws capital permanently, then capital account is credited or debited respectively.Fluctuating Capital Account - Under this method capital account of partners will not remain fixed rather they will keep fluctuating from time to time. In this method all the entries related to drawings, interest on capital and share of profit and loss of partner are recorded in capital account, hence in this method there is no need for current account.Fluctuating capital account method is usually preferred by partners; however they can also use fixed capital account according to their business and preference.
What are the proforma journal entries used under the percentage of completion method?
Pro forma journal entries are used in a certain percentage of the completion method. They are generally used for construction projects.
Is a journal entry required when switching from straight line to sum-of-the-years'-digit?
Yes journal entry to adjust the depreciation charge is required while shifting from one method to another method.
What are the difference between roster method and rule method?
what is the difference between roster method and rule method
What is the difference between the conventional method of dimensioning and the baseline method of dimensiong?
What is the difference between the conventional method of dimensioning and the baseline method of dimension
Difference between Percentage of Completion method and Completed Contract method?
Difference between Percentage of Completion method and Completed Contract method?
What method of security classification guidance does an OCA use when he/she provides guidance in the form of a memorandum, plan, message document, letter, or an order?
yes
What is the journal entry for street line method?
Debit depreciationCredit fixed asset
