Accounting records for Royalty in the Books of Landlord
by The Lessor is entitled to receive Royalty from the Lessee. Here royalty would be an …
Tag: Operations Management
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 …
Hire Purchase System
Hire purchase is a method of financing of the fixed asset to be purchased on …
Retirement and Death of partners
A partner may ascertain to either withdraw or retire from the enterprise due to certain …
Admission of partners
A business firm seeks new partners with business expansion being one of the driving motives. …