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What data is mandatory for updating the Capital Reporting Record?
Wiki User
∙ 7y ago
Serial Number, Part Number, Cage Code, Acquisition Date, Acquisition Cost, and Fund Designator
Wiki User
∙ 7y ago
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What is THE journal entry to record paid in capital?
Debit cash / bankCredit paid in capital
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Is A negative reply is mandatory if no records are found during record searches?
True
Are negative reply mandatory if no records are found during record searches?
True
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What is THE journal entry to record paid in capital?
Debit cash / bankCredit paid in capital
Why are ethics so important in the accounting field?
Investors and creditors rely on financial statements when making decisions on allocating capital. If a company has a poor ethical track record when reporting financial results, investors will take their money elsewhere. This can be observed when a company's stock plunges after news of accounting errors or manipulation. Ethical accounting is foundational to an efficient capital market and lowers a firm's cost of capital.
How do you pass an entry to record increase capital?
[Debit] Cash / bank [Credit] Share capital
