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What else can I help you with?
Why are margins required when traders write options but not when they buy options?
When you buy an option, you are buying an asset, and do not have a future liability. When you write an option, you are potentially incurring a future liability Thus you need some assets to back this liability.
Can you write off 401k contributions on your taxes?
Yes, you can typically deduct 401k contributions from your taxable income when filing your taxes, which can lower your overall tax liability.
How can one decrease a liability account?
To decrease a liability account, you can either pay off the debt or make a payment towards the amount owed. This reduces the amount of money that you owe, resulting in a decrease in the liability account.
Does credit card debt expire?
Credit card debt does not expire. If collection for the debt becomes a liability, then the creditor can write off the debt as a total loss or warrant a reposession of property, but the debt itself will never expire on its own.
Write-off---What is the meaning of bank lone write off?
A bank loan write-off is when the customer doesn't pay the loan and the bank writes it off as a bad debt. In a write-off, the bank includes a bad debt as an uncollectible loss on its tax return.
Can you write off as ad debt a liability to a related parties?
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Where to Post write off loans in balance sheet?
You reduce the value of the asset/liability you write-off against income/or expenses in the P&L after the operational result
Is shree premium is asset or liability?
Share premium is a liability to the company. It is used to write off preliminary expenses and is used to issue bonus shares etc.
What is the difference between contingent liability and off balance sheet liability?
There is no difference between Contingent Liability and Off Balance Sheet Liability.
Does a lender have insurance to help write a car off when they can't find it to repo it?
They might. The liability of the person who has hid the car will be the same.
Why are margins required when traders write options but not when they buy options?
When you buy an option, you are buying an asset, and do not have a future liability. When you write an option, you are potentially incurring a future liability Thus you need some assets to back this liability.
Can you write off 401k contributions on your taxes?
Yes, you can typically deduct 401k contributions from your taxable income when filing your taxes, which can lower your overall tax liability.
What will decrease a liability and increase a liability?
account payable paid-off by arranging a new loan.
Can a commercial building be insured for just liability?
Yes, but the problem will be finding a carrier who will write liability coverage a building with no property coverage on it. It would probably have to be an acceptable property risk for a casualty underwriter to consider writing just liability on it and there would have to be a good reason why you didn't want property coverage on it. Nobody wants to write liability insurance on a dump anymore than they want to write property coverage on it.
Is accrued interest payable a current liability?
For general purposes, accrued interest payable is generally a current liability, however that depends on one major factor. When will the liability be paid? Any liability that a company can reasonably expect to pay off in 12 months (or less) or one accounting period is a "current liability" any liability that will be paid off at a longer time is a "long term liability" So if the accrued interest will be paid in 12 months or less, then it is a current liability.
How do you write off accrual?
To write off an accrual, first identify the specific expense or revenue that is no longer expected to be realized. Then, reverse the initial accrual entry by debiting the accrued expense account and crediting the corresponding liability or revenue account. This process ensures that your financial statements accurately reflect current expectations and remove any outdated entries. Finally, document the write-off for record-keeping and future reference.
What will cause a decrease in one liability and an increase in another liability?
Paying off one loan by getting another loan will decrease one liability and increase another.
