What is meant by Provision for Discount on Debtors and Reserve for Discount on Creditors.

Q: Describe the accounting for refund liabilities.

A: Liabilities:   The liabilities are the amount of money which a business has to pay to the outside…

Q: Users of Financial Statement. how debt is helpful

A: There are three major financial statement of a company. These are profit and loss statement, balance…

Q: What is accounting?

A: Hi student Since there are multiple questions, we will answer only first question. If you want…

Q: Discuss the accounting problems associated with interest capitalization.

A: Interest capitalization: Capitalization interest is the cost of funds that are used to finance for…

Q: What is the distinction between debtor and creditor?

A: Accounts receivable Accounts receivable refers to the amounts to be received within a short period…

Q: What is a Creditors Reconciliation ?

A: Reconciliation refers to the various balances in the books we keep, whereas third-party…

Q: Define creditors.

A: Creditor: A creditor is a person or a company who has provided fund or loan, and hence, have a claim…

Q: The course concerned with debtors is *

A: Option (a). Revenues is the correct answer

Q: What are the differences between a debtor and a creditor?

A: Creditor: Creditor is a person or a company who has provided fund or loan, and hence, has a claim…

Q: The discount allowed to a debtor for early payment is

A: Debtors :- Debtors are the person to whom goods and services are sold on credit.

Q: Discuss the optimal amount of debt in the presence of taxes and costs associated with financial…

A: Financial distress is a situation or a point where a firm is unable to pay its debt or firm is…

Q: Who is more likely to record a loss from debt restructuring? A. depends on the situation…

A: Debt Restructuring: Debt restructuring is the process of settlement of Loan between debtor or…

Q: ation of debt income from qualifi

A: The Qualified Principal Residence exclusion enables a taxpayer to deduct up to $2,000,000 of the…

Q: difference between debt and quity

A: A company’s capital consists of two forms, one is equity and the other is debt. When a company is…

Q: A(n) is where the debtor delivers personal property to the creditor to secure the debt. (one word)

A: bailment represent a legal relationship where physical position of the person property transferred…

Q: Define Accrued Interest Payable.

A:

Q: Discuss in brief the types of collateralized debt Obligation. Please explain in details.

A: Solution-  Collateral Debt Obligation [CDO] is a sophisticated project financing outcome that's also…

Q: Accounting The procedure that best reveals the existence of contingent debts is

A: Contingent liability is a liability that may or may happen on a future date that is based on an…

Q: Why debtors control should always stay on debtor's list?

A: Debtor control is the process of decisions relating to the investment in business debtors.

Q: Describe the accounting for a debt restructuring.

A: Definition:   Debt restructuring is a process by which the company may avoid the risk of default on…

Q: What is the structure of Collateralized debt obligation. Please explain in details

A: A collateralized debt obligation also known as CDO is a complex structured credit product which is…

Q: How should a debt callable by the creditor be reported inthe debtor’s financial statements?

A: Liabilities: The claims creditors have over assets or resources of a company are referred to as…

Q: Obligation to pay back your monetary debt. What kind of obligation is involve here?

A: Obligation to pay the debt: In the context of financial responsibilities, this refers to any…

Q: Differentiate between the use of receivables in financing arrangements accountedfor as a secured…

A: Meaning of Financing with Receivable Financing receivable is refer as the arrangement in which…

Q: How to solve Debtors collection schedule

A: Debtors are those accounts to whom business has made credit sales on account and amount has not been…

Q: How to calculate the appropriate interest expense based on the amount of outstanding debt using…

A: When the company borrows funds from the people, it has to pay them a certain amount for the borrowed…

Q: Assets available for unsecured creditors after payments of liabilities with priority are calculated…

A: Liquidation is the process of selling all the assets of the business at their fair value and using…

Q: What are the effects on creditors, including secured creditors during voluntary administration?…

A: creditors are those person supply goods or services to the company, provide loan to the company,…

Q: Account of a debtor must be written off as irrecoverable..what is a document of this transaction?

A: The transactions of the company will be analyzed by the management, and it will be recorded in…

Q: Why debtors list must be equal to debtors control

A: Account receivable means the amount due from customer whom we sold the goods on credit.

Q: The adjustment to be made for provision for doubtful debt is   O a. Credit profit and loss account…

A: The provision for doubtful debts is also known bad debts or losses on account receivables.

Q: As a general rule, how should long-term liabilities be reported on the debtor’s balance sheet?

A:

Q: How is accrued interest calculated?

A: Accrued interest is the amount of interest that has been due but not received by the lender or…

Q: Then what was the difference between a creditor and a debtor?

A: In normal course of business goods are sold and Purchased in cash and on account. Every business has…

Q: What does the disclosure note for debt includes?

A: Debt securities: The financial instruments which are bought by investors, or corporations, or mutual…

Q: Describe the accounting problems associated with interest capitalization.

A: Interest capitalization: Capitalization interest is the cost of funds that are used to finance for…

Q: What are out of period debts? Explain?

A: Out of Period debts: It is also known as time barred debts.

Q: Describe the accounting for the extinguishment of debt.

A: