How do I record a prior year property tax refund on sale of asset due to overvaluation

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what type account are below Debentures Bank overdraft

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differences between liabilities and assessts

1 Answers  

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My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance

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What are the effects of international accounting standards on accounting practices of developing nations?

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While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated

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WHAT IS THE DIFF BETWEEN REVENUE AND INCOME??

3 Answers  

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Name three (3) equity security data points

2 Answers   Shore Infotech,

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what is difference cash flow and fund flow with example

1 Answers   Maersk, TCS,

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what s account

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why companies put ltd and pvt ltd,what is the difference?

12 Answers   Capital IQ,

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please explain all accounting concepts n conventions in detail

0 Answers   DA Vision,

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