Want this question answered?
Be notified when an answer is posted
Chat with our AI personalities
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.
The subtrahend is subtracted from the minuend
188 subtracted by 84 = 104
50 subtracted by 34 = 16
2600 subtracted from 26000 = -23400
Account payeable
You can find information on shareholders' equity in a company's financial statements, such as the balance sheet or annual report. Shareholders' equity represents the amount of a company's assets that belong to its shareholders after all debts and liabilities are subtracted.
Account payeable
Yes it is.
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.
Many websites offer balance transfer calculators for helping one to manage debts. Bankrate, CalcXML, and CalculatorWeb have free balance transfer calculators.
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.
debit
The trial balance is a statement that shows all debts and credits. This is meant to show any error within the books.
yes
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.
The number to be subtracted is 11.The number to be subtracted is 11.The number to be subtracted is 11.The number to be subtracted is 11.