Interest on capital
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The document discusses how interest is treated for capital invested in a business, drawings from the business, and loans to/from the business. Interest charged on capital and drawings is treated as income for the business and interest expense for the proprietor, while interest paid on loans is treated as an expense for the business and interest received is treated as income. Journal entries are provided to record these interest transactions and reflect the impact on the balance sheet and profit and loss account.
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This document discusses sources of internal financing such as retained earnings, amortization, and provisions. It defines these terms and explains how they are used to facilitate internal financing. The document also covers inter-company financing, defining it as loans between business units within a company. Inter-company loans can help address cash flow issues and are often cheaper than external financing, but must follow tax rules.
Finance
This document provides an overview of accounting concepts and financial statements. It begins with definitions of accounting and its purpose. Key terms like assets, liabilities, income, and expenses are explained along with basic accounting equations and methods. Accounting steps from journalizing transactions to preparing trial balances and financial statements are outlined. Financial statements like the income statement, balance sheet, and cash flow statement and their components are defined. Examples of accounting entries, trial balances, and financial statements are provided. The document is an introductory training material on basic accounting concepts, terminology, and financial reporting.
Final account
The document provides information about the final steps in the accounting process which include preparing final accounts such as trading account, profit and loss account, and balance sheet. It explains that these final accounts are needed to determine the profit or loss for the year and the year-end financial position of the business. The document then goes into detail about how to prepare each of these final accounts, the key components that make up each account, and various adjustments and accounting entries needed to accurately capture the financial activities and position of the business.
CLASSIFICATION OF ACCOUNTS AND ACCOUNTING STANDARD
FOR ANY HELP CONTACT ME ON INSTAGRAM OR MY MAIL ARYASHASHWAT34 SHASHWATARYA013@GMAIL.COM
The modern approach views finance function in broader sense. It includes both rising of funds as well as their effective utilization under the purview of finance. The finance function does not stop only by finding out sources of raising enough funds; their proper utilization is also to be considered. The cost of raising funds and the returns from their use should be compared.
Contra asset
Contra asset accounts are used to adjust specific asset account balances. The two main contra asset accounts are accumulated depreciation, which is used to adjust long-term asset values like buildings over time, and allowance for bad debts, which is used to estimate and adjust the balance of accounts receivable for expected uncollectible amounts. Contra asset accounts operate through debits and credits that reduce or increase the adjustment to the associated asset account balance.
Unit 1 The Accounting Equation
The document discusses the accounting equation of Assets = Liabilities + Equity and key concepts related to the equation. It explains that the accounting equation must remain balanced at all times due to double-entry bookkeeping, where every transaction affects a minimum of two accounts. Assets are defined as resources controlled by a business that are expected to provide future economic benefits. Liabilities represent obligations that will require future outflows from the business. Equity belongs to the owners and represents their claim on any remaining assets after liabilities are deducted.
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South Dakota State University degree offer diploma Transcript
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
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在线办理(TAMU毕业证书)美国德州农工大学毕业证PDF成绩单一模一样
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本公司拥有海外各大学样板无数，能完美还原。
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
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三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
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一.毕业证【q微741003700】成绩单、使馆认证、教育部认证、雅思托福成绩单、学生卡等！
二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
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◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
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7:个人信誉贷款加10分
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【业务选择办理准则】
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二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信：A575476】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
→ 【关于价格问题（保证一手价格）
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
选择实体注册公司办理，更放心，更安全！我们的承诺：可来公司面谈，可签订合同，会陪同客户一起到教育部认证窗口递交认证材料，客户在教育部官方认证查询网站查询到认证通过结果后付款，不成功不收费！
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留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
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Interest on capital
- 3. As per ‘Business Entity Concept’ capital invested by the proprietor in the business is considered to be loan given by him to the business. So there will a interest charged or allowed on capital. Interest on capital is an expense for the business, But it is an income for the proprietor. JOURNAL ENTRY : Interest on capital A/c Dr. Capital A/c Cr.
- 5. Interest on capital ………… Profit and loss A/cDr. Cr. Liabilities Amount Assets Amount Capital ……… Add: interest on Capital ……… ……….. Balance sheet
- 7. Amount withdrawn by the proprietor for his personal use from the business are called drawings. Considering the fact that the business is a separate accounting entity, it charges an interest on the drawings to the owner. And it is an income to the business. JOURNAL ENTRY : Drawings A/c Dr. Interest on drawings A/c Cr.
- 8. Interest on drawings ………… Profit and loss A/cDr. Cr. Liabilities Amount Assets Amount Capital ……… Less: drawings ……… .……. Less: interest on drawings .……. ……….. Balance sheet
- 10. INEREST ON LOAN PAID: Interest paid on loans taken by the business is treated as expense and will appear on the Debit side of the Profit and Loss account. INEREST ON LOAN RECIEVED: Interest received on loans given by the business is treated as income and will appear on the credit side of the Profit and loss account.
- 11. Interest on loan (paid) ………… Interest on loan(received) ………… Profit and loss A/cDr. Cr. LIABILITIES AMOUNT ASSETS AMOUNT Loan ……… add: interest On loan ……… (PAID) ……… Loan ……… add: interest On loan ……… (RECEIVED) ………. BALANCE SHEET