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What else can I help you with?
If a company purchase equipment on account What is the assets here?
The asset account will be Equipment. You will debit this account to increase its value. The credit side of this transaction will be Accounts Payable. This transaction will increase the value of Accounts Payable, as well.
Is Accumulated depreciation account is an expense account?
No. Accumulated Depreciation is a contra-account which appears on the asset side of the Balance Sheet. It is a credit balance account which reduces the value of Fixed Assets to reflect their declining value due to age and use. The normal offset to an entry to the Accumulated Depreciation account is a debit to Depreciation Expense.
Why is depreciation is charged on profit and loss account?
Depreciation is the allocation of the portion of assets value to fiscal year in which it is used it is charged to profit and loss account because it is that portion of asset value which is expensed and expenses are shown in profit and loss account.
The difference between the balance of a fixed asses account and the related accumulated depreciation account is termed?
Book Value
What are the accounting journal entries to record a purchase of inventory at a distressed price?
If the inventory has some value then it must be entered in a new general ledger expense account and have a new contra asset account for the items. Enter the estimated value as a debit to the inventory obsolescence account and then credit it to the inventory reserve account.
What does SVA mean in banking?
SVA -> Stored Value Account.
Where are users account stored on a workstation in a workgroup?
the user account is stored in the active directory
Do Facebook chats get stored in your account?
Yes they do
Where is value type stored?
sorry
Where is user account information stored on a Windows 20002003 domain?
Information is stored in Schema of Active Directory.
In the domain security model what are accounts stored in the domain database called?
NTDS.DIT the account information is stored
Design an algorithm to determine the largest element in a list?
Assume the first element is the largest and store its value. Then traverse the remainder of the list, one element at a time. If the current element's value is larger than the stored value, overwrite the stored value with the current element's value. Once you've traversed the list, the stored value will hold the largest value.
Where can one find more information about stored value cards?
Information on stored value cards can be found online from many different sources. Some examples of these websites include Stored Value and Federal Reserve Bank of New York.
What is a entity?
Entity can be an account, activity, or contact about which data can be stored.
Can you explain what the net account value means?
The net account value is the total value of an account after subtracting any liabilities or debts. It represents the overall worth of the account, taking into consideration both assets and liabilities.
Where is a boxed value type stored?
Heap
What is the net account value and how is it calculated?
The net account value is the total value of an account after subtracting any liabilities or debts. It is calculated by adding up all the assets in the account, such as cash, investments, and property, and then subtracting any liabilities, such as loans or credit card balances. The resulting amount is the net account value.
