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 are your views on social networking sites?
How to fight Inflation and what is the current Indian scenario about Inflation?
Do you know anything about Electronic Development Fund?
What is PIN?
what features you can use to convert data in encrypted form in Tally ERP9?
What Is The Difference Between Accounts Payable And Accrued Expenses Payable?
What is non-scheduled bank?
What is the portfolio management? How can it helpful for financial management?
Discuss about Finance Commission and its functions?
Explain the weak-form, semi-strong from and strong-from of efficiency?
Do you have an aptitude test for new entrants I would like to take one
Tell about the fixed deposits?
How to get registered through e-application?
What is TDR/ STDR?
What is the formula for the Capital Asset Pricing Model?