What are the types of intercompany transactions? There are three main types of intercompany transactions:downstream, upstream and lateral. When a parent firm does business with a subsidiary, it’s called a “downstream transaction”. An “upstream transaction” is when an asset moves from the subs...
1)What are the major types of transactions or activities that result in demand for foreign currency in the spot foreign exchange market? 2)You have access to the following three spot exchange rates: $0.01/Yen $0.20/krone 25Yen/krone You start with dollars and want to end up with dollars....
Intercompany accountingis the recording of financial transactions between two different entities that fall under the same parent company. These types of transactions must be recorded properly, because the parent business can’t record the transaction as a profit or a loss. Transactions can only be co...
There are three main types of ecommerce business: Business to consumer (B2C) is a business selling goods directly to an end consumer using ecommerce. Some B2C ecommerce brands also operate a physical store. Business-to-business (B2B) is a company that sells products or services to another ...
How does money reduce the transaction costs of making trades? What are the two main sources of economic gains from intra-industry trade? The Balance of Payments figures shows the flows of money in and out of the US economy. What types of t...
Let’s understand the three common POS transaction types in detail: Online POS Transactions When you make a purchase online, it falls under the category of online POS transactions. Let’s say you’re browsing through the Amazon app and decide to buy some jewelry. After selecting your items, ...
Today, there are three common types of data: structured, unstructured, and semi-structured. Structured refers to data displayed in well-defined tables, unstructured, which includes data points like logins, website clicks, page views, or video views, and semi-structured, data that contains a mix...
2.Those enjoying annual per capita income of $9386 and above are classified as high-income countries. This group comprises three types of countries. a)most members of the Organization for Economic Cooperation and Development(OECD) b)rich oil producingcountriesof the middle east (Kuwait, Saudi Ara...
There are at least three types of foreign exchange risk, all of which are related to the effects of fluctuating currency rates: The most common for any business that exports or imports products is transaction risk. This is the risk that the relative values of two currencies will change between...
There are three common types of cash books: single column, double column, and triple column. Investopedia / Joules Garcia How a Cash Book Works A cash book is set up as a subsidiary to the general ledger in which all cash transactions made during anaccounting periodare recorded in chronologic...