answersLogoWhite

0

What else can I help you with?

Continue Learning about Accounting

When an equipment dealer receives a long-term note in exchange for equipment the present value of the future cash flows received on the notes?

Is credited to sales revenue at the exchange date.


Does issuing capital stock in exchange for cash decrease or increase stockholder's equity?

Issuing capital stock in exchange for cash increases stockholders' equity. This is because it adds to the equity section of the balance sheet, as new shares are created and sold, contributing to the total capital of the company. The cash received boosts the company's assets while simultaneously increasing its equity, thereby enhancing the overall financial position.


How to Change the currency in myob?

In paying supplier, I have entered the cash account wrongly in SGD instead of USD account. How to change the cash account to USD? The thing is, when I'm trying to change it to the cash account in USD, this account doesn't show. Only the USD exchange rate account is showing, and other asset/liab account as well except for the cash account in USD.


What is a cash converter used for exactly?

A cash converter is used to convert one country's currency to another country's currency. Most of them charge a small fee, but if you're planning on purchasing anything in the country you are entering, you must exchange some of your money.


How should I record the Sale of an asset and loss on sale in accounts of a business?

Cash/New Machinery (debit) Accumulated Depreciation - Old machinery (debit) Loss on Sale of Asset (debit) Old Machinery (credit) Cash (if money paid for new machinery in exchange) (credit)

Related Questions

Where can one exchange cash for gold?

One can exchange cash for gold at a number of local establishments in the area one is living in. One such place is AAA Gold Exchange, which offers cash for gold and other jewelry.


Cash flow statement-Effect of exchange rate changes?

Effect of exchange rate changes will be shown under "Cash & Cash Equivalents - at [opening]". We will also show such item under the Heading of "Cash flows from operating activities" for the unrealized gain/loss on foreign exchange.


How do you exchange my sodexo pass to cash in hyderabad?

You can exchange your Sodexo Meal Pass for cash in Hyderabad with any shopkeeper by offering some commission, although Sodexho does not allow such exchange.


Does amscot make money change cash into change?

Amscot offers currency exchange services, but they typically do not exchange cash for coins or vice versa. They primarily provide currency exchange for foreign currencies.


Where is The Cash Exchange Pawn Brokers located?

The Cash Exchange Pawn Brokers is located at 35943 S. Gratiot Avenue in Clinton Township, Michigan. The Cash Exchange Pawn Brokers deals in loans, jewelry, musical instruments, guns, tools and other items.


What did the people in the gold rush do with the gold?

Most people went to the gold traders to exchange their gold for cash, or they took it to the bank, where they would also exchange it for cash.


Can you exchange your new car that you paid cash for?

yes


What booth plan exchange Lincoln for?

cash money


What is Cheque Swapping?

exchange of cash or its equialent against cheque


How do you exchange facebook credits into cash on social empires?

pawn


How do you turn-in gold bars for cash?

Sell them in the Grand Exchange.


On Facebook Cafe World can you exchange coins for cash?

no you can,t