Bad Debts Recovered Journal entry
Bad Debts Recovered Journal entry Sometimes, it so happens that the bad debts previously written off are subsequently recovered. In …
PGT< Commerce
Commerce
Memorandum of Association or MOA
Memorandum of Association or MOA What is Memorandum of Association or MOA? A company is an association of persons. It …
Rent received journal entry
Rent received journal entry Rent received journal entry When a person, firm, or company gives the right to use its …
Commission received journal entry
Commission received journal entry The remuneration that an agent gets for the services rendered by him is called commission. Usually, …
National Income Meaning
National Income Meaning National Income refers to the money value of all final goods and services produced by normal residents …
circular flow of income
Circular Flow of Income Circular Flow of Income Circular flow of income refers to the cycle of the generation of …
Types of assets/ list of assets
Types of assets/ list of assets Types of assets/ list of assets Assets Assets are valuable and economic resources of …
Types of liabilities/ list of liabilities
Types of liabilities/ list of liabilities Types of liabilities/ list of liabilities Liabilities Liabilities are obligations or debts that an …
Tangible vs Intangible Assets
Tangible vs Intangible Assets Tangible Assets Tangible Assets are those assets which have physical existence and can be seen and …
List of current assets and current liabilities
List of current assets and current liabilities List of current assets and current liabilities Current assets: Current Assets are those …