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Anna71 [15]
2 years ago
12

Journal entry for purchased goods from ABC Co. for Rs. 11,000.​

Business
1 answer:
vladimir1956 [14]2 years ago
3 0

Answer:

purchase A/c. Dr. Rs.11,000

To ABC CO.A/c. Rs.11,000

(being goods purchased in cash)

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When a company purchases another company and the purchase price is greater than the fair value of the net assets acquired, this
34kurt

Answer:

Goodwill

Explanation:

Goodwill is an intangible asset, reported on the balance sheet asset side. It is used yearly for the impairment tests.

When the company purchase another company and its purchase price is more than the fair value of the net asset so the excess amount would be called as a goodwill

The fair value of the net asset is come from subtracting the

= Company assets - company liabilities

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Answer:

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3 years ago
Identify the correct order of the four steps used to prepare a production cost summary (report). 1)Summarize the cost flow of ph
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Answer:

The answer is "Option C".

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Suppose the central bank in the nation of Zook attempts to pay off its national debt by printing large amounts of currency. The
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it would become worthless

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