In company final accounts interest received is treated as

Asked by admin @ 20/08/2021 in Accountancy viewed by 545 People

In company final accounts interest paid is treated as a

Answered by admin @ 20/08/2021

Answer:

The amount of interest charged on capital is an indirect expense of the business and on the other hand, it is an income of the owner. Interest on Capital has the following two effects on final accounts: It is an expense of the business, therefore; it will be recorded on the debit side of Profit and Loss Account.

In company final accounts insurance paid is treated as

Asked by admin @ 16/08/2021 in Accountancy viewed by 454 persons

Treatment of life insurance premium in final accounts

In company final accounts debentures issued are shown under

Asked by admin @ 23/08/2021 in Accountancy viewed by 450 persons

In Company Final Accounts,Debentures issued are shown under

In company final accounts bank overdraft is shown under

Asked by admin @ 13/08/2021 in Accountancy viewed by 551 persons

In company final accounts bank overdraft is shown

Selected t-accounts of moore company are given below for the just completed year:

Asked by maham237 @ 22/12/2020 in Business viewed by 833 persons

Selected t-accounts of moore company are given below for the just completed year: raw materials bal. 1/1 15,000 credits ? debits 120,000 bal. 12/31 25,000 manufacturing overhead debits 230,000 credits …

If the interest rate on a savings account is 0.02

Asked by admin @ 04/11/2021 in Mathematics viewed by 312 persons

If the interest rate on a savings account is 0.02%, approximately how much money do you need to keep in this account for 1 year to earn enough interest to …

If a checking account has an interest rate of 1

Asked by admin @ 30/11/2021 in Business viewed by 358 persons

If a checking account has an interest rate of 1% and a government bond has an interest rate of 2%, the opportunity cost of holding the checking account as money …

One thousand dollars in a savings account pays 7 interest

Asked by admin @ 29/10/2021 in Mathematics viewed by 284 persons

You deposit $1000 in an account that pays 7% interest compounded semiannually. After 4 years, the interest rate is increased to 7.36% compounded quarterly. What will be the value of …

Who represents the title company and facilitates the final transaction

Asked by admin @ 27/09/2021 in Business viewed by 244 persons

Who represents the title company and facilitates the final tranaction?

The represents the title company and facilitates the final transaction

Asked by admin @ 27/09/2021 in Business viewed by 438 persons

Who represents the title company and facilitates the final tranaction?

A company whose accounting year is the calendar year

Asked by admin @ 23/08/2021 in Accountancy viewed by 2970 persons

a company whose accounting year is the calendar year purchased on 1st April 2007 machinery costing rupees 30000 it purchased for that machinery on 1st October 2007 costing rupees 20000 …

Shares received from the new company are recorded at

Asked by admin @ 11/08/2021 in Accountancy viewed by 495 persons

Share received from the new company are recorded at___ a) face value b) average price c) market value d) none of this

Subscription received in advance during the accounting year is

Asked by admin @ 10/08/2021 in Accountancy viewed by 433 persons

Subscription received in advance during the accounting year is

Which type of bank account typically offers the least interest

Asked by maham237 @ 21/05/2021 in Business viewed by 395 persons

Certificate of deposit Checking account Savings account Money market account

Percentage of accounts receivable

Asked by maham237 @ 05/01/2021 in Business viewed by 285 persons

Blue Spruce Corp. uses the percentage-of-receivables basis to record bad debt expense and concludes that 2% of accounts receivable will become uncollectible. Accounts receivable are $402,000 at the end of …

Accounts receivable is classified on the balance sheet as a

Asked by admin @ 28/10/2021 in Business viewed by 303 persons

Show how Accounts Receivable, Notes Receivable, and their related accounts would be reported in the current assets section of a classified balance sheet at the end of the quarter on …