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When to remove bad debt expense?
The bad debt expense is generally removed at the end of the financial year, as it may classify as a deductible item when reporting tax at the end of the financial year.
How do you have a 'forgiven' tax lien removed from your credit report?
The only way to have an account removed from your credit report is: 1. To prove the account was a result of fraud. Or 2. To let the account run the course which is 7 yrs. from the date it was PAID.
Can you get out of a joint checking account?
Yes. If you want to get out of a joint account, you can contact the bank and submit a written request to be removed as a joint holder of that account. The other parties involved in the joint account have to approve your removal from the account, only then the bank will complete the formalities.
What is drawings in accounting?
it's the cash removed by the owner of the business from the account of the business for his personal usee
What do you do if your name has been removed from a joint checking account without your consent?
Depends on what type of an account it was set up as. If you were a signer on an account, then most certainly the owner of the account can remove you. Same as applies to accounts set up under a trust. if it was a joint with right of surviorship, most institutions prefer to just close the account and reopen the account under the requestor. even if there is a divorce decree. or "death certifacte" Either way, if you were removed from the account without your consent, you should call your financial institution right away.
The process of transferring the cost of metal ores and other minerals removed from the earth to an expense account is called?
The process of transferring the cost of metal ores and other minerals removed from the earth to an expense account is called depletion. This accounting method allows companies to allocate the cost of natural resources over time as they are extracted and sold.
The process of transferring the cost of metal ores and other minerals removed from the earth to an expense account is called what?
The process of transferring the cost of metal ores and other minerals removed from the earth to an expense account is called depletion. This process allocates the cost of natural resources that have been extracted and helps to accurately reflect their diminishing value over time.
Is a depreciation expense account a permanent or temporary account?
Yes it is. Permanent accounts are balance sheet accounts which do not close at the end of the accounting year, as opposed to income statement account balances which are removed an added to retained earnings. Another words income statement accounts are measured for a certain period of time whereas balance sheet accounts carry on to the following years.
What is the journal entry of telephone bill?
telephone bill acto cashWhen you receive the bill, but have not paid it, which is done in accrual accounting but not cash basis, the entry is:Telephone Expense (debit) $$$Telephone Expense Payable (credit) $$$Once the bill is actually paid, even then it is removed from the payable with the following entryTelephone Expense Payable (debit) $$$Cash (credit) $$$If you are paying the bill as you receive it, the only difference is skipping the payable account and debiting the expense account and crediting the cash in a single entry:Telephone Expense (debit) $$$Cash (credit) $$$
How are the minerals removed from the Earth?
fat men
Can paint be removed by painters tape?
Not if it is applied correctly, and removed in a timely fashion.
What is removed when ionization energy is applied?
an electron
Is protein content removed in demineralized whey?
No. The product is demineralized which removes minerals and proteins are not minerals.
How can you have your former husband's name removed from a line of credit that is linked to your personal checking account so he is not responsible for liablilty or credit reference?
A joint account holder cannot be removed from the account, the account will have to be closed.
Why is distilled water unhealthy?
It has had all the trace minerals removed.
Can you continue receiving direct deposit into a checking account after your name has been removed from the account?
no
When is Bad debt expense removed from the balance sheet?
Bad Debt Expense does not appear on the balance sheet. It is only on the income statement. Allowance for Uncollectible Accounts does appear on the balance sheet.
