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.
General Instructions: In composing your responses to all tasks, please use full sentences and pay careful attention to spelling, grammar, punctuation, and clarity of expression. Both the content of your work and its present
Define the term Multiplicity (Creativity as process) in creative industry ? And also state the different personality traits and intellectual aptitudes which might contribute to creative thinking ?
What does Balance per bank signify?
Explain implications of the purchasing power parity for the operating exposure.
Comment over the below proposition: “One can say that Bretton Woods’s system was programmed to the eventual demise”.
Illustrate the difference between Accounts and Bills payable, Accounts and Bills receivable?
State the characteristics of the Zero coupon bonds market instrument.
company A began operation on january 1,2012. The annual reporting period ends December 31.The trial balance on January 1,2013 was as follows
Discuss dissimilarity in translation process between monetary/nonmonetary and temporal method.
Explain characteristics of the international and the domestic banks.
18,76,764
1927655 Asked
3,689
Active Tutors
1455645
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!