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What does NA mean on credit report?
Not Applicable.
What schedule is the unified credit claimed on?
form 706
What are the Journal entries to record the sale of a subsidiary?
To record the sale of a subsidiary, you would typically make the following journal entries: Debit Cash (or Accounts Receivable) for the amount received from the sale. Debit Accumulated Loss on Sale of Subsidiary (if applicable) to reflect any loss incurred. Credit Investment in Subsidiary for the carrying amount of the subsidiary's net assets. Credit Gain on Sale of Subsidiary (if applicable) for any gain realized from the sale. These entries ensure that the financial statements accurately reflect the transaction's impact on the company’s financial position.
What entries made by exporter whenbill purchased by bank when exporter availed postshipment credit?
When an exporter avails post-shipment credit after the bill of exchange is purchased by the bank, the entries typically include a debit to the bank account for the amount received and a credit to the accounts receivable or bills receivable account for the same amount. Additionally, the exporter may record interest expenses related to the post-shipment credit. If applicable, any fees charged by the bank for the transaction would also be recorded as an expense.
When will the cash book have a credit balance?
When there is a large amount of expenses debited or no amount of cash received then it is obviously the cash book is credit balance.
What is the maximum amount of tax credit that can be claimed using form 8936 for the tax year 2018?
The maximum tax credit that can be claimed using form 8936 for the tax year 2018 is 7,500.
What does NA mean on credit report?
Not Applicable.
Which country claimed credit for the submarine?
Britain normally claims the credit.
Who claimed credit for 1920s economic prosperity?
The Republicans
What schedule is the unified credit claimed on?
form 706
What does NA mean for job listings on credit report?
Not Applicable
Are credit cards allowed to be claimed in Bankruptsy?
Yes, credit cards are considered debt also.
I claimed the first time home buyer tax credit what should i expect on this year's taxes?
Its an 8000 dollar tax credit. that's the max you can get. its 10 percent of what you paid. So if your house was 50,000 you get 5,000 in tax credit. So take the amount you paid x .1
Do recorded mortgages need an amount?
No. Some are in the form of a credit line or commercial credit line and no amount is recited in the instrument.No. Some are in the form of a credit line or commercial credit line and no amount is recited in the instrument.No. Some are in the form of a credit line or commercial credit line and no amount is recited in the instrument.No. Some are in the form of a credit line or commercial credit line and no amount is recited in the instrument.
What is meant by a credit limit?
Credit limit is the largest amount of money a consumer can charge on a credit card. The amount equals the amount of credit extended to a consumer. Charges over this amount are usually allowed, but expect to pay an "over-the-limit" fee.
What are the Journal entries to record the sale of a subsidiary?
To record the sale of a subsidiary, you would typically make the following journal entries: Debit Cash (or Accounts Receivable) for the amount received from the sale. Debit Accumulated Loss on Sale of Subsidiary (if applicable) to reflect any loss incurred. Credit Investment in Subsidiary for the carrying amount of the subsidiary's net assets. Credit Gain on Sale of Subsidiary (if applicable) for any gain realized from the sale. These entries ensure that the financial statements accurately reflect the transaction's impact on the company’s financial position.
What is the difference between a credit line and a credit limit?
A credit line is the maximum amount of credit a lender is willing to extend to a borrower, while a credit limit is the maximum amount a borrower can borrow on a credit card or line of credit.
