Adjunct Account
What do you mean by the term Adjunct Account?
Expert
Adjunct Account: Adjunct account is that liability account that raises other liability's book value. For illustration, when a corporation issues $100,000 of shares at a value of $105 per share, it will be issuing the shares at a premium of 5%. The journal entry will comprise a debit to Cash for $105,000; a credit to shares Payable for $100,000; and a credit to Premium on shares Payable for $5,000. As credit balance is normal balance for a liability account, the account Premium on shares Payable can be termed to as an adjunct account. Instantly subsequent to the shares are issued, the shares will have a carrying value of $105,000.
Explain criteria for the ‘good’ international monetary system.
Simply define and illustrate the Money market?
Need for valuing goodwill: If the mutual rights of the partners modifies then the party which makes a sacrifice should be compensated. This basis of compensation is goodwill therefore we require calculating goodwill. Mutual rights change beneath follo
General Motors exports the cars to Spain however the strong dollar against the peseta, hurts the sales of GM cars in the Spain. In Spanish market, GM faces the competition from the French and Italian car makers, like Renault and Fiat, whose currencies stays stable wit
Write down the pre-requisites to apply Budgetary Control?
What is Account. Explain briefly.
What is meant by the forfaiting transaction?
Write an article why Supplier selection has been a critical decision to be made for any company?
What are the dimensions of creativity in the Creative Field ?
State mechanism that restores equilibrium of balance of payments in case it gets disturbed below the gold standard.
18,76,764
1930131 Asked
3,689
Active Tutors
1459839
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!