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What is the journal entry for an asset such as a typewriter given to a son as a gift?
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What is the journal entry for settlement of advance?
Suppose "A" Gives Rs 100000 as an Advance to "B" what will be the Journal Entry of Advance given to B and latter the Advance settling entry after the B give a bill to A
What is the journal entry for trading stock given as part of wages?
debit wages expensecredit shares in share capital
What is the journal entry for goods given as charity?
Charity A/c...... dr To Goods given in charity A/c
How do you make a journal entry recording a cash discount of 10000 when you make a payment of 20000 early at the request of the seller?
Cash discount is expenses of trading account but this is not an expenses just like a scheame on spot given to the purchaser. So no seprate discount entry need in journal. just reduce discount amount in total value and entry it.
What is the journal entry for credit sales with discount?
Debit accounts receivableCredit sales revenue
Strategic asset management?
The role of an asset manager to apply effective streategies to satisfy almost all the stakeholder expectations based on priority to get the best out of the given asset.
What date did Robert Scott live between?
He was born on the 6th June 1868, and the official date of his death is given as the 29th March 1912, ( the last entry in his diary/journal was this date, although it is possible he lasted longer).
What is the journal entry when open a Letter of credit?
Journal Entry - LC & Imports!! You will have to pay LC Margin to Bank. At that time you will have pass this entry! LC margin with the Bank - (Advances) - Debit - XXX Bank - Credit - XXX When LC is realized! Bank is going to charge you Commission. Other part is payment against the imports, which is going to be normal entry. If we club both entries, here it is given LC Commission expense-Debit XXX Purchases / Stock / Inventory - Debit - XXX Vendor - Credit - XXX Bank - Credit - XXX LC margin with the Bank - ( Advances) - Credit - XXX Regards
What is a double entry journal?
double-entry system:- 1. according to this system,every transaction has two-fold aspect i.e., one party receiving benefit and the other party giving the benefit.when we receive something we give something else in return. 2.for example,when we purchase goods for cash,we receive good & give cash in return.when we sell goods on credit,goods are given & the customer becomes debtor.this method of writing every transaction in two accounts is known as double entry system while passing in journal.
Would a personal drawing be considered to be an asset?
If it's given to you, yes. If you give it, then no.
What is the likelihood that a given aggressor will attempt to compromise an asset is evaluated?
likelihood rating
A sentence with whereas in?
The party of the first part owns the asset, and whereas the party of the first part has paid for the asset, the party of the second part is not entitled to the asset unless it is given by the party of the first part, as a gift.
