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Hai friends,
Adjusted purchase price means the original price at which property is purchased plus all costs paid by the buyer to acquire the property. these costs include inspection fee,escrow,title insurance,legal fees paid,recording and documentation fees and other expenses required to be paid by the buyer.
Adjusted sales price means means the sales price at which property is sold, minus all costs of sale. costs include real estate commission paid as well as all other seller expenses, recording fees,Reconveyance,partial payments of utilities,intrest and taxes and expenses paid for improvements in anticipation of the sale.
regards,
kather mannan mohamed; B.Com;
Sivakasi
Wiki User
∙ 14y ago
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What is adjusted purchase?
the term adjusted purchase means the purchase value adjusted with opening stock and closing stock. i.e.- adjusted purchase= opening stock+purchases-closing stock Jitendra Kumar Nath 7418738372
What does it mean when an account is long outstanding difficult to collect the amount or it should be internally adjusted?
The account is considered an uncollectible account. The account must be adjusted so that the business can balance its books.
Which account balance will change between the adjusted trial balance and the post closing trial balance?
The adjusted trial balance includes depreciation and other adjustments. This is the account balance that changes between the adjusted trial balance and the post closing trial balance.
The relationship between the amounts on the adjusted trial balance for an account and its ledger?
The adjusted trial balance reflects the balance of each account on the ledger. If there is a $1000 debit to Cash and a $200 credit to Cash in the same accounting period, the balance on the ledger will be $800 Cash. This $800 Cash balance will be reflected on the adjusted trial balance. In sum, the adjusted trial balance reflects the net of an account each accounting period.
A purchase account holder recently discovered that the purchase account was billed multiple times for the same purchase. Prior to disputing how should the account holder try to work out a resolution?
A purchase account holder recently discovered that the purchase account was billed multiple times for the same purchase. Prior to disputing, how should the account holder try to work out a resolution?
What is adjusted purchase?
the term adjusted purchase means the purchase value adjusted with opening stock and closing stock. i.e.- adjusted purchase= opening stock+purchases-closing stock Jitendra Kumar Nath 7418738372
What does it mean when an account is long outstanding difficult to collect the amount or it should be internally adjusted?
The account is considered an uncollectible account. The account must be adjusted so that the business can balance its books.
Which account balance will change between the adjusted trial balance and the post closing trial balance?
The adjusted trial balance includes depreciation and other adjustments. This is the account balance that changes between the adjusted trial balance and the post closing trial balance.
The relationship between the amounts on the adjusted trial balance for an account and its ledger?
The adjusted trial balance reflects the balance of each account on the ledger. If there is a $1000 debit to Cash and a $200 credit to Cash in the same accounting period, the balance on the ledger will be $800 Cash. This $800 Cash balance will be reflected on the adjusted trial balance. In sum, the adjusted trial balance reflects the net of an account each accounting period.
A purchase account holder recently discovered that the purchase account was billed multiple times for the same purchase. Prior to disputing how should the account holder try to work out a resolution?
A purchase account holder recently discovered that the purchase account was billed multiple times for the same purchase. Prior to disputing, how should the account holder try to work out a resolution?
What is the Nature of purchase account?
Purchase Account is a Real Account,because it fulfills condition of real account as Debit what comes In and in case of purchase goods come in that's why it's debited..
How do you account for the purchase of a liquor license?
You can account for the purchase of a liquor license by adding the cost of the license to your licensing fees when you file your taxes. You can also account for this purchase as a cost of operation purchase.
Are withdrawals included on the balance sheet?
Yes withdrawal is shown with drawing account and drawing account is adjusted with owners equity account in balance sheet.
Which of the following are NOT required for purchase account records?
A purchase account holder recently discovered that the purchase account was billed multiple times for the same purchase. Prior to disputing, how should the account holder try to work out a resolution?
A purchase account can be used for which of the following purposes?
An account holder would like to make a purchase that exceeds the monthly limit on the purchase account. What is the next step?
Purchase is a real account or nominal account?
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When a purchase on account is made the invoice becomes what?
When a purchase on account is made, the invoice becomes...
