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|05/22||What is carriage inwards?|
Carriage inwards refers to the transportation costs associated with the purchase of merchandise or other assets. The buyer is responsible for the cost of carriage inwards when it b..
|05/16||What are the limitations of the balance sheet?|
One limitation of the balance sheet is that only the assets acquired in transactions can be included. Therefore, some of a company's most valuable assets will not be reported on th..
|05/15||What does drop ship mean?|
One example of drop ship is a manufacturer shipping goods directly to one of its customers' customer (instead of delivering the goods to the customer that placed the order with the..
|05/14||What is a blank endorsement?|
In the case of a check payable to John Smith (the payee), a blank endorsement would be the signature of John Smith on the back side of the check without any other words above or be..
|05/09||What is a blank check?|
A blank check often refers to a check that has been signed by an authorized check signer before the other information (date, payee, amount) has been entered on the check. For insta..
|05/07||What is the aging method?|
The aging method usually refers to the technique used for determining the credit balance needed in the account Allowance for Doubtful (or Uncollectible) Accounts. This Allowance ac..
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