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What else can I help you with?
Does business has an authority to declare itself insolvent?
Business BankruptcyWhen a business declares bankruptcy, employees must take three simultaneous steps to try to recover the amounts they are owed.
What is a person or business to whom a liability is owed called?
A person or business to whom a liability is owed is called a "creditor." Creditors can be individuals, financial institutions, or businesses that provide funds or extend credit with the expectation of repayment. In financial contexts, they may also be referred to as "lenders" or "obligees."
What is the amount a business earns over and above what it spends for salaries and other?
What is the amount a business earns over and above what it spends for salaries and other?
The owner's liability is limited to the amount of investment in the business?
Coorporation
How does one obtain a small business valuation?
One can obtain a small business valuation by calculating the amount of income the business received in a given year. Once this is known, one can have an estimate of what their business is worth.
What is the total amount of money owed by customers to our business?
The total amount of money owed by customers to our business is the sum of all outstanding balances that customers have yet to pay.
What is the total amount of money owed to the business?
The total amount of money owed to the business is the sum of all outstanding debts or invoices that have not been paid by customers or clients.
Amount owed to a business that are on a credit basis are considered a current asset on the books and?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
What is the amount owed to a business that are on a credit basis are considered a current asset on the book?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
If a business paid 7000 to a creditor in payment of an amount owed. the effect of the transaction on the accounting equation was to?
When the business pays $7,000 to a creditor, its liabilities decrease by $7,000, reflecting a reduction in the amount owed. Simultaneously, the business's cash or bank account (an asset) decreases by the same amount. This transaction maintains the accounting equation (Assets = Liabilities + Equity) because both sides decrease equally, leaving the overall equation balanced.
A business paid 9000 to a creditor in payment of an amount owed The effect of the transaction on the accounting equation was to?
increase an asset, increase a liability
A business paid 7000 to a creditor in payment of an amount owed. The effect of the transaction on the accounting equation was to?
decrease in asset and decrease in liability
I filed bankruptcy on the entire amount owed on my home will my ex only be reliable for half of what was owed since i filed on the entire amount owed?
Yes, Your ex should have the responsible for the half of what was owed.
Does a credit to a liability account increase or decrease amount owed?
It increases the amount owed, because creditors would be credited
What does Margin Balance mean?
A positive margin balance is the amount owed to you by the brokerage. A negative margin balance is the amount owed to the brokerage by you.
Can a person get a passport if back child support is owed?
If the amount owed exceeds the threshold, no.
If a vendor owes us money an a lien be filed against the business or the vendor himself the vendor is in California.?
I have a vendor in Rancho Cucamonga California that has owed my company money for a good amount of time. He wont answer my calls and I woukd like to be paid. Can I get a lien of some sorts on him or his shop for the amount owed with no penalty.
