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In dual agency who pays the closing cost in a purchase transaction?
Dual agency occurs when one broker or salesperson represents both parties to a transaction, or when two salespersons licensed to the same broker each represent a party to the transaction. Closing costs are a negotiable item between the buyer and the seller in the purchase agreement.
What are the differences between hire purchase and deferred payment?
........hire purchases,-propert is on the possession by the buyyer,but the right to own the goods remain to the seller until to the last installment paid.,.while DEFERRED PAYMENT- the right to own the propert shift to the buyyer soon after pay the down payment,but the p possession of propert is remain to the hands of the seller until the last installment is paid
Why are purchase orders used in business transactions?
Purchase orders are used in business transactions to formalize and document the agreement between a buyer and a seller for the purchase of goods or services. They help ensure clarity, accuracy, and accountability in the transaction process.
What are the differences between hire puchase and deffared payment?
Hire purchase (HP) involves acquiring an asset through an agreement where the buyer pays an initial deposit followed by regular installments, with ownership transferring only after the final payment. In contrast, deferred payment allows a buyer to acquire an asset immediately while delaying payment to a later date, often without installment payments. While HP typically includes interest and fees, deferred payment may or may not involve additional costs. Essentially, HP is an installment plan leading to ownership, while deferred payment is a credit arrangement for a future lump sum payment.
What is the Difference between primary and secondary market in transaction as related to flow of fund in transaction?
What is transaction what it contains
What are the differences between a cash and credit transaction for purchase and sales?
With Credit card you have to pay the credit company back later, cash is paid and over with if used.
What are deferred income taxes in a balance sheet?
Deferred income taxes on a balance sheet represent temporary differences between the accounting income reported and the taxable income calculated according to tax regulations. These differences arise from various factors, such as timing differences in revenue recognition or expense deductions. Deferred tax assets indicate potential future tax benefits, while deferred tax liabilities represent future tax obligations. Essentially, they reflect the future tax consequences of current transactions and events.
What 1803 transaction between France and the US doubled the land area of your country?
The deal was called the Louisiana Purchase.
In dual agency who pays the closing cost in a purchase transaction?
Dual agency occurs when one broker or salesperson represents both parties to a transaction, or when two salespersons licensed to the same broker each represent a party to the transaction. Closing costs are a negotiable item between the buyer and the seller in the purchase agreement.
Is deferred tax a current or non-current asset?
Deferred tax is classified as a non-current asset. It arises when there are temporary differences between the accounting treatment of certain transactions and their tax treatment, leading to taxes that are recoverable in future periods. This means that the deferred tax asset is expected to be realized beyond the current fiscal year, making it non-current in nature.
What are the differences between hire purchase and deferred payment?
........hire purchases,-propert is on the possession by the buyyer,but the right to own the goods remain to the seller until to the last installment paid.,.while DEFERRED PAYMENT- the right to own the propert shift to the buyyer soon after pay the down payment,but the p possession of propert is remain to the hands of the seller until the last installment is paid
What is deffered taxation?
Deferred tax is an accounting concept, meaning a future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities and their tax value, or timing differences between the recognition of gains and losses in financial statements and their recognition in a tax computation
What is the difference between a cash transaction and a non cash transaction?
processing a transaction includes involves cash or non transaction and concept of different between two?
Why are purchase orders used in business transactions?
Purchase orders are used in business transactions to formalize and document the agreement between a buyer and a seller for the purchase of goods or services. They help ensure clarity, accuracy, and accountability in the transaction process.
Deferred taxes arise from the use of the same method of depreciation for tax and reporting purposes. True or false?
False. Deferred taxes typically arise from differences in accounting methods or timing between tax reporting and financial reporting, such as using different depreciation methods for tax purposes than for financial statements. When the same method is used for both, there is generally no temporary difference, and therefore, no deferred tax implication.
What does Total Payments and Deferred Amounts mean?
Total Payments refers to the total amount of money that has been paid or is due to be paid for a specific transaction or over a specified period. Deferred Amounts are payments that have been postponed to a later date, often due to an agreement between parties. Together, these terms help in understanding the financial commitments and cash flow implications of a contract or agreement.
What are the differences between consignment purchase and cash in advance purchase?
Consignment is paid for later normally a few months later and cash in advance is paid earlier.
