Monday today last week Mar 26 32604. It records the assets and liabilities of the business at the end of the accounting period after the preparation of trading and profit and loss accounts. Where a society has had no expenditure or income and has no assets and liabilities a statement is required to be filed […]
Category: Financial Statement
Icb Bookkeeping To Trial Balance Past Exam Papers Pdf
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Loss On Disposal Of Plant Assets
The asset disposal results in a direct effect on the companys financial statements. Either an item of PPE can be sold during its useful life or can be scrapped after its useful life. The proceeds from the sale will increase debit cash or other asset account. It is rare that the net book value of […]
