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What are the effects on the accounting equation from the purchase of a short-term investment?
Wiki User
∙ 12y ago
no effects- assets increase and decrease by the same amount
Wiki User
∙ 12y ago
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Would you rather buy natural or artificial diamonds?
Your answer depends on why you buy a diamond. If you're buying a diamond for an investment, you'll want the highest carat weight in the 'best' colour (your choice), with the finest clarity and cut that you can afford. This stone will have mighty bling value as well. If you're buying a diamond for its bling value alone, you can purchase a diamond quite similar to the high-investment quality diamond that is a fabricated diamond and pay less for it. It will always have less value than a natural diamond.
Why use a purchase order?
You might use a purchase order to keep a record of the customer's purchase or of your purchase. You might also use the purchase order to track your purchase through the shipping process.
When was The Purchase of the North Pole created?
The Purchase of the North Pole was created in 1889.
Where can one purchase a microwave plate?
You can purchase a microwave plate online from stores such as Walmart. Alternatively, you can also purchase this item online from retailers such as Amazon.
Where can one purchase plastic streamers?
One can always purchase plastic streamers from both online and offline. For online purchase, eBay and Amazon, would be a commendable choice. And for in store purchase, one can visit a local party store.
Accounting equation for purchase supplies for cash?
supplies cash
Does investment include the purchase of stocks and bonds?
Not sure, but it includes a computer by an accounting firm if investment as defined by economists.
How does the purchase of equipment by signing a note affect the accounting equation?
asset increased, liability increased
What is an expanded basic accounting equation?
The expanded accounting equation replaces Owner's Equityin the basic accounting equation (Assets = Liabilities + Owner's Equity) with the following components: Owner's Capital + Revenues - Expenses - Owner's Draws. In other words, the expanded accounting equation for a sole proprietorship is: Assets = Liabilities + Owner's Capital + Revenues - Expenses - Owner's Draws.In the expanded accounting equation for a corporation, Stockholders' Equity in the basic accounting equation (Assets = Liabilities + Stockholders' Equity) is replaced by these components: Paid-in Capital + Revenues - Expenses - Dividends - Treasury Stock. The resulting expanded accounting equation for a corporation is: Assets = Liabilities + Paid-in Capital + Revenues - Expenses - Dividends - Treasury Stock.The expanded accounting equation allows you to see separately (1) the impact on equity from net income (increased by revenues, decreased by expenses), and (2) the effect of transactions with owners (draws, dividends, sale or purchase of ownership interest).
What is the difference between purchase and pooling accounting methods?
1. In case of Pooling Accounting new balance sheet of the combined company is created whereas in case of Purchase Accounting no new balance sheet is prepared. Thepurchasing company adds the assets of the acquired company to its balance sheetusing a fair market value.2. In case of Pooling Accounting it is basically the merging of two companies whereas incase of Purchase Accounting the acquired company is known as investment.3. In case of Pooling Accounting 'who is buying whom' is not clearly stated whereas incase of Purchase Accounting 'who is buying whom' is clearly stated.4. In case of Pooling Accounting it didnot record the price the acquiring company has topay for the acquisition whereas in case of Purchase Accounting it is valued using thefair market value.Answer by,Mr. Shabbir Alam
What is the relationship between financial accounting and mathematics?
Accounting has close relationship with mathematics. The dual aspect concept, which is the basic concept of accounting, is expressed as a mathematical equation, known as accounting equation. Accounting computations such as computation of depreciation, determination of loan instalment, ascertaining of cash price in case of hire purchase and instalment systems requires use of mathematical techniques. Accountants now use statistical models, computers and operation research techniques. All these require knowledge of mathematics.
What is the Relationship between financial and accounting?
Accounting has close relationship with mathematics. The dual aspect concept, which is the basic concept of accounting, is expressed as a mathematical equation, known as accounting equation. Accounting computations such as computation of depreciation, determination of loan instalment, ascertaining of cash price in case of hire purchase and instalment systems requires use of mathematical techniques. Accountants now use statistical models, computers and operation research techniques. All these require knowledge of mathematics.
What is a customer transfer dr investment purchase?
What is customer transfer dr investment purchase ?
What is purchase in accounting?
Purchase is that in accounting that what we are purchasing and purchase is to be done by cash ,by cheque. eg: purchase Bag of rs500, so here bag is debited and cash is credited.
What is the accounting journal entry to record the purchase price of a business?
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
For the modified accrual basis of accounting what would be the entry to record the purchase of an building?
For the modified accrual basis of accounting what would be the entry to record the purchase of an building?
Was the The Alaskan Purchase an unprofitable investment for the US?
no
