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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?

A value parted with is we call a Credit.


What is value parted with?

A value parted with is we call a Credit.


What is the definition of VALUE PARTED WITH in accounting?

In accounting, "value parted with" refers to the worth of assets or resources that a company relinquishes in a transaction. This concept is often used to determine the cost basis for a transaction, such as when selling an asset or incurring an expense. It essentially captures the economic impact of what has been given up, which is crucial for accurate financial reporting and analysis. Understanding this value helps in assessing gains or losses in financial statements.


When common stock is issued in exchange for an asset that is not cash the transaction should be recorded at?

When common stock is issued in exchange for an asset that is not cash, the transaction should be recorded at the fair market value of the asset received or the fair value of the stock issued, whichever is more clearly evident. If the fair value of both the stock and the asset can be determined, the transaction is typically recorded using the fair value of the asset. This ensures that the financial statements reflect an accurate representation of the value exchanged in the transaction.


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.


What is values parted with in a transaction?

Values parted with in a transaction refer to the goods, services, or monetary amounts that one party relinquishes in exchange for something of perceived equal or greater value from another party. This concept highlights the trade-off involved in transactions, where each participant sacrifices something they own or control to obtain something they desire. It emphasizes the principle of reciprocity in economic exchanges. Ultimately, the values parted with reflect the subjective worth assigned to the exchanged items by each party.


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.

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