Accounting is ingrained in our society and it is vital
a debit note is an entry recorded to debit an account
APB 21
asset increased, liability increased
They are specific procedures used by a company to prepare its financial statements.
debit interest in kindcredit notes payable
It is the process of communicating the social and environmental effects of organization's economic actions to particular interest group within society.
short note on GAAP
a debit note is an entry recorded to debit an account
APB 21
asset increased, liability increased
They are specific procedures used by a company to prepare its financial statements.
debit interest in kindcredit notes payable
write a note on using access in accouting report?
debit land accountcredit notes payable
Interest on a note payable is recognized over time, typically as it accrues. This means that interest expense is recorded in the financial statements during each accounting period in which it is incurred, regardless of when the cash payment is made. The recognition aligns with the accrual accounting principle, which matches expenses with the period in which they are incurred.
source documents are those documents in which all kinds of business transactions are recorded.these include invoice,sales order,purchase order,debit note,credit note,goods received note,goods despatched note,quotation,statement,remittance advice and receipt.
to note the name of people and rate of people