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It's an automatic withdrawal from the bank or financial institution where your account is held. It generally means that you have overdrawn your account by $50 or more (different for some banks) and the bank has allowed this to take place (for example, direct debits were honoured). It can also mean an automatic payment was denied due to the bank not allowing the account to overdraw. The fee for ANZ in Australia is $6. Other banks will differ with fees.

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Q: What is internally generated cap withdrawal?
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What is internally generated revenue?

Revenue that is generated internally!


What are the arguments for and against the prohibition of recognition of internally generated goodwill?

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What is internally generated cap?

It's an automatic withdrawal from the bank or financial institution where your account is held. It generally means that you have overdrawn your account by $50 or more (different for some banks) and the bank has allowed this to take place (for example, direct debits were honoured). It can also mean an automatic payment was denied due to the bank not allowing the account to overdraw. The fee for ANZ in Australia is $6. Other banks will differ with fees.


What is the definition of internally generated intangible asset?

Internally generated intangible assets mean those assets which are created by the firm by the use of its own Intellectual Properties, that is, their own knowledge for example the Goodwill, Patents to produce a particular product, Copyrights etc..


Which would be considered to be internally generated paid in capital or retained earnings?

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When is the intangible asset goodwill capitalized?

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Is goodwill a fixed asset or fictitious asset?

Goodwill in an intangible asset. It can be purchased or internally-generated. Purchased goodwill can occur when a businesses purchases a company's assets for more than their fair value. Internally-generated goodwill can arise for a few reasons, such as the fact that a company develops a reputation in the industry and in the market. Such a factor is an asset to the company, but is not tangible. I believe accounting principles are fairly restrictive on this type of goodwill.


Is goodwill a fixed asset or ficti tious asset?

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