If you put $50K down, you should have an asset, not a liability, because you can't give someone money and then you have a liability as a result - both are credits from a double-entry accounting perspective. If someone gave you money, then you can have a liability. Is the $50K show...
Journal Entry - Drawings Example Journal Entry - Incurring a Liability or Debt Journal Entry - Drawings Example T-accounts How to Balance a T-account The Trial BalanceThat's it! Hope you enjoyed this detailed exercise on journals, T-accounts and the trial balance.Best...
Through subscription payments, it is lowering the barrier of entry for using those services and/or products and let more people to try it out. While they might have to pay a bigger sum in the long run, it would not intimidate them at all. Still, they would think that they are already ...
The point to note is that premium on redemption is a personal account because it represents the extra liability which is to be discharged when debentures are redeemed. It is recorded on the liability side of the balance sheet until it is paid off. Since company promises to pay more at the ...
“Contact Us” and select “Question about my Western Journal Subscription.” You must cancel your subscription before it renews each billing period to avoid being billed the next period’s Membership fees. Cancellations only apply to future charges and you will not receive a refund for the ...
What do you do?There is a myth in the dental community that refunding money is an admission of liability. It is not. The courts have long held that refunding money to a patient can not be used as a sword against the dentist should the patient later file a lawsuit. The reasoning behind...
Projector is great. It is stable, fully featured, free, widely available supported by Apple and easy to set up. Its biggest liability is that it is a Macintosh only product, which is only a problem if you are doing cross-platform work and can't do all your development on a Macintosh....
1 entry per business. Must enter online at www.getcoxbiz.com. Contest information available at www.getcoxbiz.com. 1 monthly winner will be selected at random from all eligible entries for a period of 4 months. Chances of winning depend on number of entries received. Winner will be ...
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In many cases, business formation is a crucial step. Even if your goal is to hire employees or invest outside, it is important to form a company in order for you to limit your personal liability, pay taxes, and ensure that other details are taken care of. ...