Analysis of Transaction : This transaction increases furniture (assets) on one hand and decreases bank (assets) on the other hand by ₹60,000. Increases in assets are debited and Decreases are credited. Journal- Debit to Furniture account and credit to Bank …
Analysis of Transaction: The transaction increases the cash at bank on one hand and decreases cash in hand on the other hand. Increases in assets are debited and a decrease in assets are credited. Journal- Debit to Bank account and …
Rohit started business with cash ₹5,00,000 Analysis of Transaction : The transaction- increases cash on one hand and increases capital on the other hand. Increases in assets are debited and increases in capital are credited. Journal- Debit to Cash and …
Goods costing ₹ 25,000 sold to Rajani Enterprises for ₹ 35,000. Analysis of transaction: This transaction decreases stock of goods (assets) by ₹ 25,000 and increases assets (Rajani Enterprises as debtors ₹ 35,000) and capital (with the profit of ₹ …
Goods purchased from M/s Sumit Traders for ₹55,000. Analysis of transaction: This transaction increases goods (assets) and increases liabilities (M/s Sumit Traders as creditors) by ₹ 55,000.
Bought plant and machinery for the business for ₹1,50,000 and an advance of ₹ 10,000 in cash is paid to M/s Ramesh & Sons. Analysis of transaction: This transaction increases plant and machinery (assets) by ₹ 1,50,000, decreases cash by …
It is executive compensation, where signing a bonus is given to the executive to induce him/her to leave the previous organization in order to take up new employment by way of payment of a large sum of consideration. That is …
It is a Contractual Agreement. Agreement to make sure that a valued staff member stays at its job, by which they are offered special financial advantages if they stay and penalties if they leave. PDF
It is the practice of doing less work than one is able to, while maintaining the appearance of working. A lazy employee who tries to get away with doing least possible amount of work. PDF
Golden parachute is a clause in the employment contract, generally of top key executives, that employee will receive certain significant benefits as an inducement for early employment termination from the company due to a takeover/merger. Benefits given to the employees …