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it is a chapter which is used in the study of accounts.in the intermediate 1st year. cec or mec
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∙ 12y ago
Subsidiary books are specialized journals used to record specific types of transactions in accounting. They help organize and classify financial information efficiently, such as sales, purchases, and cash transactions, which are then summarized in the general ledger. This segregation helps simplify the accounting process and improves accuracy.
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Can you make a sentence using the word subsidiary?
The subsidiary branch could handle book transfers and holds.
How do you record the merger of a subsidiary into its parent when the investment in the subsidiary exceeds the book value of the subsidiary?
Unfortunately you have to record it as a loss to the parent company. Or it will at least show as a loss on the financial statements.
Different books in accounting?
journal book, ledger book, cash book, trial balance, subsidiary book, balance sheet, brs.
Who publishes the world book encyclopedia?
scott fetzer, subsidiary of berkshire hathaway
What is cashbook?
A cashbook is a special subsidiary book which primarily records all cash receipt and cash payments
What is the meaning of the word 'annex'?
In general, "annex" means to add or attach something to another. In a legal context, it refers to incorporating territory into an existing political entity, such as a country adding land to its borders.
What are the issues of subsidisation?
One of the most apparent issues is the lack of subsidiary. While being the recipient is always a plus repaying isn't. As a subpoint, the subsidiary in most cases must be accounted for. Somehow by taxation or intricate book keeping.
What is a subsidiary account?
A subsidiary account is an account that is found in the subsidiary ledger. It is used to summarize the control account.
What is another word for subsidiary?
What is another word for subsidiary?
Which company is a subsidiary of Renault?
Nissan is a subsidiary of Renault.
What does subsidiary mean?
Subsidiary means: 1. a.) furnishing aid or support (ex: subsidiary details) 1. b.) of secondary importance (ex: subsidiary stream) 2.) of, relating to, or constituting a subsidy (ex: a subsidiary payment to an ally)
What the plural for subsidiary?
The plurals form for the noun subsidiary is subsidiaries.
