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How do you record money taken from a company by the sole proprietor?
Wiki User
∙ 14y ago
ask a bookkeeper ???????!!!!!!!
Wiki User
∙ 14y ago
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What is debtor turnover?
The money which a company has taken from some one( a bank or by people). The profit taken on this amount is calle debtors turn over.
What are the decisions taken by financial managers?
Decisions are not taken, they are made. Financial managers obviously make decisions about MONEY. Where to spend it and how much and why. Business owners are typically the financial manager of a company simply because they want to make money.
What is the journal entry for Goods taken away by the proprietor for his personal use Rs 2000?
debit drawings account 2000credit goods account 2000
What happens if a company doesn't pay taxes?
The company is taken to court - and they either agree to pay up, or the company is dissolved.
Why is cash debit in the book of accounts whereas it is credit in the bank statement?
Because it's taken from the company's cash balance - and credited to the company's account. The company's books must balance - therefore, the cash is taken from one account and paid into another.
Can a gym send you to collections?
Any company, including a gym, can send a bill to collections if money is owed. If you pay the bill, the collection will be taken off your record.
Which company had nipper the dog as its trademark?
HMV (His Masters Voice) a record company. It was taken from a painting of the same name, also associated with RCA
Where does the money go when you buy a Nintendo DS?
Part of the money is taken by the company you bought it from. And the profits will go to Nintendo
What are two features of a sole proprietor?
Sole proprietorship features: 1) They can not raise capital by issuing shares as public and private limited 2) proprietor can withdraw money for his personal use from capital ( hence it is not good practice but seen in many cases) 3) in sole proprietorship a proprietor can bring money as a unsecured loan and that will be treated as a capital while in private limited unsecured loan will be treated as a liability. 4) In sole proprietorship a personal asset can be taken away
What happens to your pension if company is taken over or bought?
If a company is taken over or bought, the employee with a pension has the right to ask management how the pension is going to work. If an employee has money tied up in an IRA, then the company can refund that money to start a new program or continue the program.
What is debtor turnover?
The money which a company has taken from some one( a bank or by people). The profit taken on this amount is calle debtors turn over.
If never taken to court can the other parties insurance company demand money from you if you are at fault and uninsured?
yes
What are the decisions taken by financial managers?
Decisions are not taken, they are made. Financial managers obviously make decisions about MONEY. Where to spend it and how much and why. Business owners are typically the financial manager of a company simply because they want to make money.
Why is a census taken?
To record the population.
What is the new name for the company Prepaid Legal Services Inc?
The new name for this company is the Safe Money Network. The company was renamed in March 2013 when it was taken over by new management. The company still offers the same services as before.
How can you clear an assault charge from your record?
You can get an assault charge taken off of your record by petitioning the court to have the charge expunged. Plea your case in front of a judge. There are no guarantees that it will be taken off of your record.
Is there any legal action that can be done if your auto insurance company put on your driving record that you were in an at-fault car accident that did not ever happen?
You have no need for legal action, if it's a mistake, make sure you get it taken off your record. That's all.
