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∙ 12y ago
Suvarna Suvarna
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Unexpired discount refers to that amount of the total discount which is already received on bills that are discounted by bank during current financial year but it will be deemed to receivable during the coming year. Such discount is subtracted from total discount received in profit and loss a/c of the bank and also shown in liabilities side of balance sheet under schedule 5 (other liabilities and provision)
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What will be the journal entry for unexpired rent?
debit unexpired rentcredit prepaid rent
How will you pass journal entry for unexpired interest?
debit unexpired interestcredit interest paid
Why do you discount a bill with a bank before it mature?
since the bill of exchange is a negotiable instrument, the holder of a bill can sell it to a bank, whenever should be stand in need of money before its due date. This is called discounting the bill. The discounting charge made by the bank is the interest on the amount of the bill for the unexpired period of the bill. Such charge is known as banker's discount. It is calculated at a certain rate of interest per Annam on the amount of the bill for the unexpired period.
What is an antonym for expire?
unexpired
Is unexpired insurance an asset?
Yes. Unexpired insurance, or prepaid insurance, represents value to the business since it has utility and is owned by the business (the company has claim to the policy). Therefore by definition, unexpired insurance is an asset.
What is unexpired interest?
an asset, which is debited!
What is the different between expired cost and unexpired cost?
expired cost - benefit has been received unexpired cost- benefit may or may not be received
What is the difference between expired cost and unexpired cost?
expired cost - benefit has been received unexpired cost- benefit may or may not be received
What is unexpired expense?
those expenses which have been paid in advance and whose benefit will be available in future are called unexpired or prepaid expenses. e.g. insurance premium
How is the unexpired term of a member of the house filled?
Election
What are some unexpired codes for meez for aug?
lucylovesyou09
Cheats for wizard 101 that are unexpired?
for gobbler it is gobblegobble
