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.
When an asset is purchased and the similar is not employed for the financial year, must the company charge the depreciation and the reason for the similar?
Explain the importance in studying the international financial management?
Communication system is the discipline in engineering curriculum which is more of the conceptual rather than theoretical. Mainly student faces trouble in understanding the core concepts of this topic. We have team of highly competent and prac
Describe Short Holding Period briefly with suitable example?
Write an article on the consequences and affects of companies decison on its profitability.
I have some problem related to Essay topics which are related to Religion which are illustrated below: Topic A:What are the qualities of the ‘perfect&rsq
How to do income statement = from the revenues we will deduct all the expenses related to that period to get the income or loss. When the revenues are more than the expenses then it is income and when the expenses are more than the revenues then it is
Why teaching of accounting is not simple. Illustrate this statement.
Describe the term Operating Expenses in business accountancy?
What is Creditor's Equity. Also write down its formula.
18,76,764
1927189 Asked
3,689
Active Tutors
1421557
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!