Book value of asset is the value of asset shown in books of accounts while fair value of asset is the current price at which that product is selling or sellable in market.
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the difference between has and have is that you use has in sentences with : ( she , he and it ) for example : she has a book . but you use have in sentences with : ( I , you , we and they ) for example : you have a book , I have a book .
No. You incur a loss when you sell something for less than its book value. So, for example, if land is on your books for $1,000 and you sell it for $600, you would incur a net loss.A net loss is the difference between revenues and expenses, when the result comes out negative. If a company has $3,000 in revenues and $3,500 in expenses, it would incur a $500 net loss.In accounting, sales discounts are deducted from sales price to compute the net sales
u r stupid read ur book! loll
Accounting is important because you need to know how to budget your money properly. You also need to know how to balance your check book.
The Koran is the holy book for the followers of Islam (called Moslems or Muslims), and tells about Mohammad. The King James Bible is the holy book for Protestant Christians, and tells about the Law and the Prophets, and Jesus and the Apostles.