Define Purchase return
Describe the term Purchase return with suitable example?
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Purchase return signifies the return of goods that is received by businessman due to any fault/mistake in goods.
Assume that, you have bought 10 computers for selling. However when there is fault in one computer and you return this to your supplier, then this will be purchase return.
Explain the term Responsibility Accounting and types of responsibility centres with example?
Capitalization Method: (Goodwill method): In this technique capitalized value of the firm is computed on the basis of normal rate of return. Difference between the capitalized value and real capital employed is termed as goodwill.
Describe Long Holding Period briefly with suitable example?
I have worked the problem. I need to know if it is correct. If not, what I'm missing.
Prepare journal entry to record acquisition of four assets
Define Sole Trade in brief?
The following information for the month of December 20x6, with respect to cash activities, was gathered by Tressa Ltd.’s bookkeeper. Cash balance per books, December 1 $ 3,700 Q : Creativity and the Individual What are What are the various aspects of Creativity on an individual in the creative industry ?
What are the various aspects of Creativity on an individual in the creative industry ?
Do you think that government of the country must assist the private business in conduction of the international trade through the direct loans, loan guarantees, and/or credit insurance?
Explain the difference between consensual crimes and conflict crimes, and give three examples of each.
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