Define Sole Trade
Define Sole Trade in brief?
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Sole Trade: It is that form of business that is operated by single person. He takes all risks of business and gets all its gain. His liability to reimburse the debt is limitless.
What is the Definition of Ledger in terms of Accountancy?
A listing of the liabilities, assets, and equity of an entity at a point in time, the end of a month, or quarter, or year. It is one of the four financial statements required in a full financial report. The balance sheet gives the reader what the entity owns (assets)
Q : Country and political risk What is What is country risk and how it is different from the political risk?
What is country risk and how it is different from the political risk?
On December 31, 20x1, the Kat Co. purchase a group of four assets for a total cost of $1,000,000. An independent appraiser assesses the fair value of each asset asfollows: Asset Fair Value Land $350,000 Building 600,000 Equipment 200,000 Fixtures 150,000 Prepare the journal entry t
Explain why depreciation is not charged on land?
What is Wasting Assets. State briefly in terms of Accountancy?
State the characteristics of the Floating-rate notes (FRNs) bond market instrument.
Describe the contingent exposure and also discuss some of the benefits of using currency options in order to maintain this type of currency exposure.
Question 3 The following information is taken from the financi al statements of an entity: 20x6 20x5 Property, plant and equipment $4,100,000 $3,600,000 Accumulated depreciation (1,400,000) (1,050,000) Depreciation expense 650,000 Gain on disposal of PPE 35,000 The asset disposed of had
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