Insurance Claim for Loss of Stock and Loss of Profit
by Though fire is common and is known to all, the legal meaning of fire is …
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Recoupment of Short working, Sub-lease
Fixed: If the lessor or landlord agrees to compensate the losses which were incurred in …
Accounting records for Royalty in the Books of Lessee
The following are the accounting entries passed in the books of lessee: When the Royalty …
Accounting records for Royalty in the Books of Landlord
The Lessor is entitled to receive Royalty from the Lessee. Here royalty would be an …
Interest Suspense Account
(a) Interest Suspense Method: From the standpoint of conservatism, interest on doubtful loans should be …
Important Differences between Hire Purchase and Installment Purchase System
Hire Purchase system is a system in which the goods are delivered to the purchaser …
Payment of Premium
If you have an insurance policy, you might wonder how companies calculate your insurance premiums. …
Maintenance of Suspense Account
A suspense account is an account used temporarily or permanently to carry doubtful entries and …
Different Methods of Calculation of Cash Price
In some cases, die cash price is not given. Since the assets purchased cannot be …
Different Methods of Calculation of Interest
Calculating interest rate is not at all a difficult method to understand. Knowing to calculate …