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value received - phrase traditionally used in bills of exchange to indicate that a transaction exists and that the drawer of the bill has received good or money from its drawee. it is not legal requirement however, because every party considered prima facie a party thereto for value.

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Related Questions

How was the value received and parted without transaction?

transaction for material


Set of business transaction with value parted and value receive?

Profit


How do you analyze business transaction in terms of value parted with and value receive?

kigwa..


What is value parted with?

A value parted with is we call a Credit.


What is value parted?

A value parted with is we call a Credit.


What is the difference between transaction value and enterprise value in a business deal?

Transaction value refers to the price paid for a specific transaction, such as buying a company's shares. Enterprise value, on the other hand, is a more comprehensive measure that includes a company's market capitalization plus its debt and other financial obligations. In essence, transaction value is the specific price paid for a transaction, while enterprise value provides a broader view of a company's total worth.


Difference between value date and transaction date in banking?

value date means ordinary date . transaction date means banking date.


What is a transaction?

A transaction is any activity in business that involves money. It occurs when something of value is exchanged with something else of value. The act of recording transactions is called bookkeeping.


What do you call the exchange of value between two entities?

A transaction.


Is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.?

Yes, the price that would be received to sell an asset or paid to transfer a liability is known as the fair value. This value is determined in an orderly transaction between willing market participants at the measurement date, reflecting current market conditions. Fair value provides a more accurate representation of an asset's worth compared to historical cost, as it accounts for market dynamics and potential changes in demand or supply.


If a company purchase equipment on account What is the assets here?

The asset account will be Equipment. You will debit this account to increase its value. The credit side of this transaction will be Accounts Payable. This transaction will increase the value of Accounts Payable, as well.


What is boot value?

Boot value, often referred to in finance and accounting, represents the original cost of an asset minus any accumulated depreciation, amortization, or impairment costs. It reflects the asset's net book value on the balance sheet, indicating the amount that would be recoverable if the asset were sold. In the context of investment, boot value can also refer to additional value received in a transaction, such as cash or other assets, when exchanging one asset for another.