Why debtors list must be equal to debtors control

Q: What does Total debt include?

A: Answer: Generally, debt is an obligation imposed upon a corporation to manage its business. Total…

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: Is there a consequence for reported profit or loss if a particular financial instrument, for…

A: Equity Stock represents the ownership in the company. Equity shareholders have the residual claim on…

Q: Secured vs Unsecured debt

A: Secured Debt: These are debts backed up with some collateral like assets. Hence the borrower of the…

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 Debt Service?

A: Step 1 The amount of money required to pay interest on the loan with the principal over some time is…

Q: How is Collateralized debt obligation created. Plelase explain in details

A: Collateralized debt obligation (CDO): Collateralized debt obligation (CDO) is the bundle of loans…

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: federal government finance and service it outstanding debt

A: The national debt level of the United States is a measurement of how much the federal government…

Q: Why debtors control account may have credit balance

A: DEBTOR CONTROL ACCOUNT- IT REFLECTS THE TOTAL AMOUNT OWNED BY ALL THE INDIVIDUAL DEBTORS. THE…

Q: describe the role of debt covenants in protecting creditors;

A: Debt covenants are restrictions that lenders (creditors, debt holders, investors) put on lending…

Q: list advantages and disadvantages of debt and common equity

A: Debts are the borrowed funds and debenture holders are creditors of the firm. Debts are those funds…

Q: debt?

A: Introduction Deficit and Debt If the federal revenues and the government spending are equal in a…

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: What are the issues in the exposure draft, Debt (Topic 470)? Analyze it

A: The FASB issued an Exposure draft titled debt(470) which aims at simplifying the classification of…

Q: explain the derecognition of debt;

A: Derecognition of debt As bonds are issued, then an entity may leave a bond that is outstanding till…

Q: The relationship between debt and equity is referred to as:* financial structure financial freedom…

A: Since you have posted two different questions , we will do the first question for you. Please…

Q: Explain the differences between domestic debt and external debt.

A: Debt is defined as money borrowed through one party by another. Many businesses and people utilize…

Q: What is a debtor

A: Solution:- Debtor meaning as follows under:-

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: state advantages and disadvantages of debt and common equity

A: Financing activities include raising funds from various sources for business operation and managing…

Q: How shall an entity subsequently measure financial liabilities?  Is IFRS measurement of financial…

A: Financial liabilities can be measured at amortized cost by using effective interest method and it…

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

A: Debtor is the customer that has purchased goods and services on credit and owes money to the seller…

Q: What is the main difference between debt and equity

A: Debt basically refers to the liability that the organization take to run their business activities…

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: 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: What are Fiscal instrument

A: The instruments used in making the fiscal policy effective and efficient are generally called Fiscal…

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: Which of the following items would most likely be classifi ed as a fi nancing activity? A . Issuance…

A: Financing activities are a major part of any entity. These activities are correlated to the issuance…

Q: Define debt service requirements

A: Debt service requirement is very much essential for a company if it wants to maintain a good credit…

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

A: Provision for discount on debtors: Discount is allowed for debtors when payment is made with in…

Q: How are the balance sheet and income statement affected by fair value accounting?

A:

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: 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 is debt

A: The financial statements of the business includes the income statement and balance sheet of the…

Q: Describe the accounting for the extinguishment of debt.

A: