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In accounting, "premises" typically refer to the physical locations or properties used by a business for its operations, such as offices, factories, or warehouses. These premises are recorded as assets on the balance sheet and can be subject to depreciation over time. Additionally, the term can also refer to the underlying assumptions or principles that guide financial reporting, such as the going concern principle, which assumes that a business will continue operating indefinitely.
What else can I help you with?
Is premises an asset or liability?
premises is an asset
Is premises debit or cedit?
Premises are business assets so same like all other assets premises balance is debit balance as normal balance.
What are the subfields of accounting?
1. Financial Accounting 2. Cost Accounting 3. Management Accounting 4. Social Accounting 5. Human Resource Accounting 6. National Accounting
What is the 3 golden rules of accounting?
personal accounting nominal accounting real accounting
What are accounting principles?
The Accounting Principles are the assenition rules of accounting and the application of these rules, method & procedures to actual practice of accounting. These Accounting principles have been divided into a. accounting concepts b. accounting conventions.
Accounting credit notes who make them?
the seller makes them when the goods return to his premises
When is it proper to say in premises and on premises?
on the premises
What is an example sentence for premises?
It does not match your Premises. That is how we can use Premises.
How do you spell business premises?
Business premises is correct, just as you have it.
Is it on the office premises or in the office premises?
on
Is premises an asset or liability?
premises is an asset
What is exw price?
You only pay for good in the seller premises and you pay the rest from there premises to your premises
Is it proper to say for this premises or for these premises?
it is these premises as the nopun is considered a plural noun according to the Oxford Dictionary.
What rhymes with premises?
There are no perfect rhymes for the word premises.
Should you say the premises are or the premises is?
It seems to contain a number of objects. That's why it would be right to say ' the premises are...'.
What is correct in the premises or on the premises?
"Correct in the premises" is used when referring to something that is accurate or true within a particular setting or situation. "On the premises" typically refers to something physically present or located within a specific place or property.
Definition of planning premises?
all the assumption of planning is premises...
