What is Adjusting Entries? Types of Adjusting Entries.
Definition Adjusting Entries also referred to adjusting journal entries which are made at the end of the accounting period to …
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Banking & Finance
Breakeven Point: Advantages, Disadvantages
Concept of Breakeven Point Break Even Point is the minimum level of production and sale at which the unit will …
Revocable Letter Of Credit & Irrevocable Letter of Credit
What is Revocable Letter of Credit? In a Revocable Letter of Credit the issuing bank can modify or cancel the …
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What is Bin Cards for Inventory Counting? (with Advantages and Disadvantages)
What is Bin Card? Bin Card is a document that records the status of a goods held in the stock. …
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Back to Back LC (BTB): Definition, Terms & Condition, Difference between Master LC & Back to Back LC.
Topic Overview Back to Back letter of credit is opened against Export Letter of Credit This Letter of Credit consists …
What Is Payback Period? (With Advantages & Disadvantages)
What is Payback Period? Payback Period is the time where a project’s net cash inflows are equal to the project’s …
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What is Relevant Cost?
What includes on Relevant Costs? Relevant Cash flow includes: Incremental future costs Opportunity Costs Incremental working Capital costs Additional fixed …
Journal Entries For Sale of Fixed Assets
The company may sell its assets before the end of asset’s lifetime due to the lesser performance of that assets. Due …
Accounting Entries for “Sales Return” and ” Purchase Return”
Sales Return Journal Sales may be returned by the customer due to defective quality, error, oversupply etc. In order to …
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What is Sales Day Book And Purchase Day Book?
Topic Overview Sales day book is the original entry book in respect of credit sales Purchase day book is the …