Accrued Interest Receivable And Payable An Accurate Daily Statement
Accrued Interest Receivable And Payable An Accurate Daily Statement
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To quickly assess the difficulty of the text, read a short excerpt:
The total for the two days_ is $42. 16. After deducting this in the usual manner there remains $950. 00 unearned.
The notes maturing on Monday are deducted and there remains but one note, $100, 000, at 6 per cent, with fifty-seven days yet to run. The unearned discount on this note is equal to the balance in the account, proving the work of the accrual sheet.
If notes are rebated before maturity, simply enter the face of the note in red in the proper column and deduct the amount of the discount... to maturity from the Unearned Discount column. Then pass entries as follows: Unearned Discount to Individual Deposits [52] RECEIVABLE AND PAYABLE Miscellaneous earnings may be accrued daily in much the same way. Take rents, for example. These may be calculated easily and reduced to a per diem basis. They may be combined, perhaps, with others, such as safe deposit rentals and commissions, and carried in one account. Each day, entries should be passed sub- stantially as follows: Rents, Etc. , Receivable to Rents, Etc.
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You can find similar books in the "Read Also" column, or choose other free books by Howard Mcnayr Jefferson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The total for the two days_ is $42. 16. After deducting this in the usual manner there remains $950. 00 unearned.
The notes maturing on Monday are deducted and there remains but one note, $100, 000, at 6 per cent, with fifty-seven days yet to run. The unearned discount on this note is equal to the balance in the account, proving the work of the accrual sheet.
If notes are rebated before maturity, simply enter the face of the note in red in the proper column and deduct the amount of the discount... to maturity from the Unearned Discount column. Then pass entries as follows: Unearned Discount to Individual Deposits [52] RECEIVABLE AND PAYABLE Miscellaneous earnings may be accrued daily in much the same way. Take rents, for example. These may be calculated easily and reduced to a per diem basis. They may be combined, perhaps, with others, such as safe deposit rentals and commissions, and carried in one account. Each day, entries should be passed sub- stantially as follows: Rents, Etc. , Receivable to Rents, Etc.
What to read after Accrued Interest Receivable And Payable An Accurate Daily Statement?
You can find similar books in the "Read Also" column, or choose other free books by Howard Mcnayr Jefferson to read onlineMoreLess
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