by Yash bhardwaj
(Delhi)
Rohit brought a tape-recorder for rs.1500 and sold it for rs.1800.
Calculate his profit or loss percent.
by Ellen
(RSA)
Please categorize and classify each of the following bookkeeping items:
accounting feeds
advertising
bank charges
bank overdraft
call deposit account
capital
cash float
creditors
debtors
drawings
insurance
interest paid
interest received
land and buildings
mortage bond
motor vehicle
office equipment
petrol and oil
property rate and taxes
repairs and maintenance
salaries and wages
services rendered
stationery and printing
stationery stock
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by Teresa
(Littleton, CO USA)
We are in a debate over classifying vendor discounts as income or a reduction of COGS. What are the pros/cons of each?
What do you classify health club membership fees for employees as on the books of a business?
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If we buy chicken, where do we categorize it for bookkeeping purposes? Do we classify it under Groceries?
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