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Why in internal reconstruction capital reduction account is being prepared?
Wiki User
∙ 12y ago
it is prepared so the amount reduced will be utilised in writing of fictitious assets, some intangible assets and the over valued portion of fixed assets
Wiki User
∙ 12y ago
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If supplies are return back to company and a reduction is on the account is it a credit or debit?
Debit account
What is a normal balance account of a Sales discount?
Sales discount account has debit balance as it causes the reduction of sales and hence a contra account of sales revenue account.
Is profit and loss account is a nominal account?
Yes. Profit and loss account is a nominal account and also trading a/c to be prepared at the end of the year.
Does the sales discount increase an operting expense account?
Sales discount is a reduction of actual sales. It is not an expense rather it is the reduction is selling price which reduces the sales.
What is the methods of internal control account debtors and creditors?
ahshshj
If supplies are return back to company and a reduction is on the account is it a credit or debit?
Debit account
Sample of letter for interest rate reduction?
When writing a letter for an interest rate reduction, the account number should be in the letter. It is also important to note how long the person has had the account.
What is a normal balance account of a Sales discount?
Sales discount account has debit balance as it causes the reduction of sales and hence a contra account of sales revenue account.
What could account for a very slight reduction in height after a certain age?
puta
Is profit and loss account is a nominal account?
Yes. Profit and loss account is a nominal account and also trading a/c to be prepared at the end of the year.
What are the advantages of variety reduction in a company?
The Advantages of variety reduction are well known and can mostly beassessed in terms of hard cash, taking due account of the additional cost reduction effects on associated parts and operations
Does the sales discount increase an operting expense account?
Sales discount is a reduction of actual sales. It is not an expense rather it is the reduction is selling price which reduces the sales.
What does ITF internal transfer of funds mean on a bank account?
what does itf mean on a bank account
What financial statement is prepared first in accounting?
for a manufacturing concern it will be a manufacturing account and for a non manufacturing concern it will be a trading account or a profit and loss account or income and expenditure account.
What is the methods of internal control account debtors and creditors?
ahshshj
Difference bitwen trail balance and profi and loss account?
Trial balance is the statement which shows the different items in the debit side and creditside of its format and in the end (generally) amounts both the sides would be same. it is prepared to know the mathematical accuracy. its format contains: Particulars-debit-creidit. Profit and loss account is an account which is prepared to find out the netprofit(or netloss) and its usually prepared after the trading account. Format of P&L account is Particulars-debit-particulars-credit
Which statements are prepared from the general ledger with no changes to the account balance?
balance sheet
