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
What do you mean by cash credit?
If given a chance to do something for the society to eradicate poverty, what will your initial step?
What is a non -banking financial company (nbfc)?
What are T- Bills?
What is Plastic currency?
hello, i am going to face interview for the post of assistant professor (management)in a university in a couple of days plaease suggest questions and answers foe the same.
What are the challenges for banking sector in India?
I buy a piece of equipment; tell me the impact on the 3 financial statements.
Which government started the LPG policy in India?
What Is Convertibility Clause?
What is Incorporation Certificate?
What are term loans? What are the features of term loans?
Do I Have To List All Creditors On The Bankruptcy Schedules?
How can NPA be reduced?
What is the savings interest in Japan?