what is factoring
Define what is factoring in your terms?
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Selling of rights to the amounts due by debtors to a finance company for an approved amount (that is less than the amount at which they are recorded in the books of account so that the finance company needs to be paid for providing the service).
what are the merits of using accounting assumptions when preparing financial statements
You have been asked how to prepare a bill for services. What type of information should be comprised in the bill?
In your terms Reconciliation is defined as?
Various broad research methodologies are available with which to study the development of accounting theory. a. Discuss the deductive, inductive, normative, and empirical research methods. Include in your discussion examples of accounting research that used each method. b. How do you fe
Differentiate between debenture creditors and holders?
Which kind of assets should be capitalized and when expense out?
Explain the process of journal entry recorded?
In respect of Account Receivable how do you define Intercompany Transaction?
What are the materials /components are used by Accounts receivable departments?
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