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Why does a negative number subtracted from a negative number equal a positive number?
Lets say you are in debt to a bank and have a negative balance. If I subtract that balance (take the negative balance off you) then you have gained money. That is the easiest way to imagine it. I do understand mathematical concepts are not alwys easy to understand.
What is the number from which the subtrahend is subtracted?
The subtrahend is subtracted from the minuend
What is 557 subtracted by 300?
557 subtracted by 300 = 257
What is 3.47 subtracted from 20?
3.47 subtracted from 20 = -16.53
What is 46502 subtracted by 23469?
46502 subtracted by 23469 = 23033
What is a debt that is subtracted from the balance of your account?
Account payeable
What is a debt that will be subtracted from the balance of your account?
Account payeable
Is provision for doubtful debt subtracted from debtors in the balance sheet?
Yes it is.
Where can one find a balance transfer calculator for helping to manage debts?
Many websites offer balance transfer calculators for helping one to manage debts. Bankrate, CalcXML, and CalculatorWeb have free balance transfer calculators.
If you owe your parents money but mom died and dad is in a nursing home can you just have the money subtracted from your inheritance or must you pay it to the estate now?
The specifics will depend on the executor of the estate. If when the parent's die there are not adequate assets to settle the debts, the loan will probably have to be repaid. If there is enough to cover the debts, the loan can be subtracted from the bequest.
Where the allowance for bad debts goes in balance sheet debit or credit?
The Allowance for bad debts will go the on the debit side of the Balance Sheet. If total debtors are 20000 and 5% is allowed as allowance for bad debts then 19000 will be shown as debtors and 1000 will be shown as allowance for bad debts in the debit side of the Balance Sheet. When the bad debts actually occur for e.g. if next year bad debts of 500 actually turn out, then the allowance will be reduced by Rs. 500 and the bad debts will be shown in the Dr. Side of Profit and Loss Account.
Do you debit or credit provision for doubtful debts on trial balance?
debit
Function of trial balance?
The trial balance is a statement that shows all debts and credits. This is meant to show any error within the books.
Bad debts expense is measured indirectly and the Allowance for uncollectibles balance is measured directly?
yes
Is allowance for bad debts a credit or debit balance?
It is a DEBIT balance. under no circumstances will this account be a credit balance because essentially you are setting aside money to cover A/R that will never be recieved.
What are some causes of 0 credit card balance?
Having a credit card balance of zero on a credit card is a good thing. It means one has no debts to the credit card company, which also means that no additional interests will be charged. If one either has not used a credit card or has paid all open debts and interests, they would have a credit card balance of zero.
Why do bad debts not be shown on balance sheet?
Because they won't be paid off so it isn't counted as income.
