Goods/Stock purchased or sold being returned is quite a common practice in business. This may be on account of a number of reasons like defects in goods‚ quality not matching the requirement for which the buyer purchased it‚ the buyer not needing the stock‚ etc. This happens both in case of goods purchased as well as goods sold by the organisation. Where the goods sold are being returned we call it "Sales Returns" and where goods purchased are being returned we call it "Purchase Returns"
Premium Bookkeeping Asset Balance sheet
------------------------------------------------- REPURCHASE AGREEMENT (“REPO”) / RESERVE REPO 1. Definition A REPO is a money market transaction wherein securities are sold at a particular price by one party (REPO Seller) to the other (REPO Buyer) with a commitment on the REPO Seller’s part to repurchase the equivalent securities from the REPO Buyer on a certain date and at a certain price‚ both such date and price being fixed as part of the transaction. | A Reserve REPO is a money market
Premium Federal Reserve System
Trade agreements are a wide ranging tax‚ tariff and trade treaties that often include investment guarantees. The most common trade agreements are of the preferential and free trade types and are concluded in order to reduce (or eliminate) tariffs‚ quotas and other trade restrictions on items traded between the signatories. General Agreements of Trade and Tariff (GATT) A treaty was created following the conclusion of World War II. The General Agreement on Tariffs and Trade (GATT)‚ which was a
Premium International trade World Trade Organization General Agreement on Tariffs and Trade
Space technology has been developing considerably these recent decades. New discoveries about the moon and others planets are fascinating us. Even some fiction movies make us think that one day we can go to live on another planet. However‚ for the following reasons I do not support the idea that government should spend as much money as possible on developing space technology for the exploration of the moon and others planets. Space technology is very expensive and needs a colossal investment
Premium Universe Earth Moon
2 Kings 7 - God’s Miraculous Provision for Samaria A. God’s promise and what the lepers discovered. 1. (1-2) God’s promise and the doubt of the king’s officer. Then Elisha said‚ “Hear the word of the Lord. Thus says the Lord: ‘Tomorrow about this time a seah of fine flour shall be sold for a shekel‚ and two seahs of barley for a shekel‚ at the gate of Samaria.’“ So an officer on whose hand the king leaned answered the man of God and said‚ “Look‚ if the Lord would make windows in heaven‚
Premium Syria English-language films God
Maharashtra Govt. Reg. No.: F-11724 AN ISO 9001 : 2000 CERTIFIED INTERNATIONAL B-SCHOOL SUBJECT: ACCOUNTING Total Marks: 80 N.B. : 1) All questions are compulsory Q1) ABC Ltd. Produces room coolers. The company is considering whether it should continue to manufacture air circulating fans itself or purchase them from outside. Its annual requirement is 25000 units. An outsider vendor is prepared to supply fans for Rs 285 each. In addition‚ ABC Ltd will have to incur costs of Rs 1.50 per
Premium Costs Variable cost
CeCILL-B FREE SOFTWARE LICENSE AGREEMENT Notice This Agreement is a Free Software license agreement that is the result of discussions between its authors in order to ensure compliance with the two main principles guiding its drafting: • firstly‚ compliance with the principles governing the distribution of Free Software: access to source code‚ broad rights granted to users‚ • secondly‚ the election of a governing law‚ French law‚ with which it is conformant‚ both as regards the law
Premium Source code Copyright Trademark
Ethical and Legal Obligations Ethical and legal obligations apply to all members of society. As one in society‚ the obligation to act in an ethical‚ law abiding manner on a daily basis is vital to the integrity of daily life. Many professions have their own code of ethics. Financial reporting is not exempt from such ethical and legal standards. One’s lively hood depends on decisions made in the business world. Business transactions are done daily and can impact one’s economic stability.
Premium Balance sheet Financial statements Ethics
Whooshhh! Space exploration has many meanings to me. It means improved life on Planet Earth. It can help with saving energy‚ using our phones‚ and even predicting the weather! There are lots of meanings to space exploration and they all help us get through the day. Get Ready for lift off! We can rely on the weather reports updated on an hourly basis. The accurate weather forecast is possible only because of the satellites in the space. It’s easy to predict natural calamities such as floods‚ storms
Premium Hydrogen Chemical reaction Carbon dioxide
Case #34: Lease versus Buy Analysis Why Buy It When You Can Lease It? David Bajak Katrina Bishop Gary Hsieh Question 1: What are the different kinds of leases available and which one would be best suited for Paulo’s restaurant? Explain why? There are two major types of leases: operating lease and financial lease. An operating lease places the responsibility of maintenance and repairs on the lessor‚ has a life span of no more than 5 years‚ and is usually cancellable.
Premium Balance sheet Generally Accepted Accounting Principles Contract