Accounts; Economics; Business; Post your doubts here!

[Cookie Monster]

How long does it take to complete the entire course of commerce?

Plus, what are consumer protection laws? :S

 

[Master_Shifu]

How long does it take to complete the entire course of commerce?

Plus, what are consumer protection laws? :S

A week.

Laws passed to protect consumers from exploitation naa. cause the consumer is relatively weak and powerlesss in front of an entrepreneur and thus needs govt help. against misleading claims,advertisements and health risks etc, :3

 

[sweetiepie]

Is Depreciation An Expense And Why???

 

[Cookie Monster]

Is Depreciation An Expense And Why???

Depreciation is a term used for the cost to repair the worn out machines.

Get it?

 

[sweetiepie]

Depreciation is a term used for the cost to repair the worn out machines.

Get it?

okay thanks

 

[Cookie Monster]

What are debentures?

 

[AlphaBeta]

What are debentures?

Long term liability.... and interest is charged for that

 

[sweetiepie]

What is a realization account?

 

[Taha Noman]

: How does prudence stop Goodwill from being stated in the balance sheet?

 

[Narcotic]

: How does prudence stop Goodwill from being stated in the balance sheet?

Prudence states that any unrealised profit (even if it is recognized: like Goodwill) must not be included in the accounts until it is realised. Purchased(or Inherited) Goodwill is paid for and hence realised so it is recorded while perceived goodwill is not recorded. Did you get it?

 

[Narcotic]

What is a realization account?

It is an account which is made when business (usually partnership in questions) is dissolved or sold. It matches up the book values and values at which assets are sold. the balancing amount is profit or loss on realisation. Got it?

 

[Taha Noman]

Prudence states that any unrealised profit (even if it is recognized: like Goodwill) must not be included in the accounts until it is realised. Purchased(or Inherited) Goodwill is paid for and hence realised so it is recorded while perceived goodwill is not recorded. Did you get it?

Thanks a ton. Cheers!

 

[Awesome12]

What are cash and carry wholesalers?

 

[Awesome12]

What is the difference between underwriters and insurers?

 

[Taha Noman]

What is the difference between underwriters and insurers?

What are cash and carry wholesalers?

You serious?

 

[Awesome12]

You serious?

As a pure science student who has taken commerce as an extra sub, yes i am serious

 

[Awesome12]

What happened, can't anyone answer my SIMPLE questions?
This thread is SOOOOO dead as compared to the Sciences thread

 

[Dark Destination]

What happened, can't anyone answer my SIMPLE questions?
This thread is SOOOOO dead as compared to the Sciences thread

Most people take Sciences, that's why.

 

[Awesome12]

Most people take Sciences, that's why.

or probably science students are more willing to help each other than business students (i hope i dont get criticized for saying this on a business thread )

 

[Dark Destination]

or probably science students are more willing to help each other than business students (i hope i dont get criticized for saying this on a business thread )

Lol, they won't even reply. Because no one uses this thread, i guess.