Answer Posted / zia
Item offset against or added to the gross amount of an
account to arrive at a net balance. Examples are the
allowance account that is subtracted from trading
securities to reduce cost to market value, allowance for
uncollectible accounts that is netted against accounts
receivable, accumulated depreciation that is deducted from
the fixed asset, or bond premium that is added to bonds
payable.
Is This Answer Correct ? | 1 Yes | 3 No |
Post New Answer View All Answers
How successful is the LPG policy initiated in 1991?
How is control over public deposits exercised?
What are the disadvantages of debentures?
In how many parts 'tax revenue' is divided?
Any idea about PayPal?
Discuss any two points on General Budget and Railway Budget?
What is 'interest tax'?
What is Balance on current account ?
What do you know about Olympics 2016?
What is the role of banks in strengthening the economy?
1. EXPLAIN ‘ DISASTER RECOVERY PLAN’ AND ‘ BUSINESS CONTINUTY PLAN’ .
What is limit for HL under priority landing?
What is the difference between nationalised bank and private bank?
What Is Atm Banking (automated Teller Machine)?
How will you differentiate between shares and debentures?