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Whick stage of accounting represents an administrative reservation of funds to request a purchase of goods or services?
Commitment (Post Code C)
What is the accounting journal entry to record the purchase price of a business?
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
What will be accounting entry when a purchase order is created?
There is no journal entry required when purchase order is created because no accounting transaction occurred until received any inventory or product.
What is the difference between purchase and pooling accounting methods?
1. In case of Pooling Accounting new balance sheet of the combined company is created whereas in case of Purchase Accounting no new balance sheet is prepared. Thepurchasing company adds the assets of the acquired company to its balance sheetusing a fair market value.2. In case of Pooling Accounting it is basically the merging of two companies whereas incase of Purchase Accounting the acquired company is known as investment.3. In case of Pooling Accounting 'who is buying whom' is not clearly stated whereas incase of Purchase Accounting 'who is buying whom' is clearly stated.4. In case of Pooling Accounting it didnot record the price the acquiring company has topay for the acquisition whereas in case of Purchase Accounting it is valued using thefair market value.Answer by,Mr. Shabbir Alam
Accounting equation for purchase supplies for cash?
supplies cash
Whick stage of accounting represents an administrative reservation of funds to request a purchase of goods or services?
Commitment (Post Code C)
What is purchase in accounting?
Purchase is that in accounting that what we are purchasing and purchase is to be done by cash ,by cheque. eg: purchase Bag of rs500, so here bag is debited and cash is credited.
What is the accounting journal entry to record the purchase price of a business?
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
For the modified accrual basis of accounting what would be the entry to record the purchase of an building?
For the modified accrual basis of accounting what would be the entry to record the purchase of an building?
Where could one purchase an accounting package?
There are many places one might go to purchase an accounting package. In addition to one's local accounting firm, one might also try purchasing from the Amazon website.
What is a good hotel reservation software?
Two of the most popular hotel reservation softwares are iMagic Hotel Reservation and Hallisoft. The biggest advantage that Hallisoft has is that it is free while iMagic can cost up to $250 on purchase.
What will be accounting entry when a purchase order is created?
There is no journal entry required when purchase order is created because no accounting transaction occurred until received any inventory or product.
What is the difference between purchase and pooling accounting methods?
1. In case of Pooling Accounting new balance sheet of the combined company is created whereas in case of Purchase Accounting no new balance sheet is prepared. Thepurchasing company adds the assets of the acquired company to its balance sheetusing a fair market value.2. In case of Pooling Accounting it is basically the merging of two companies whereas incase of Purchase Accounting the acquired company is known as investment.3. In case of Pooling Accounting 'who is buying whom' is not clearly stated whereas incase of Purchase Accounting 'who is buying whom' is clearly stated.4. In case of Pooling Accounting it didnot record the price the acquiring company has topay for the acquisition whereas in case of Purchase Accounting it is valued using thefair market value.Answer by,Mr. Shabbir Alam
Accounting equation for purchase supplies for cash?
supplies cash
Where can one purchase inventory accounting software?
There are many places that offer the consumer the purchase of inventory accounting software. For example, Ebay, PC World, Intuit UK, BT Business and Rakuten.
Where can one purchase an easy accounting software?
One can purchase easy accounting software from the company Intuit which sells the product Quick Books. The software is user-friendly and popular with small businesses.
How do you use reservation in a sentence about an Indian reservation?
Many holiday revelers purchase their fireworks on the local Indian Reservation, because as a sovereign nation, the Indian people can sell them. Most smokers in our region purchase their cigarettes at the local casino, because it's owned by the Indians, and is reservation territory, and no US federal or state taxes are collected on these purchases.
