EFFECTS AT ISSUE
It is overdue that they can not be charged directly to the attorney send them to proceed to
collect them by judicial orders. The value of the effect at issue is what I will try to collect the
drawee also the nominal value as t
Association of income with their respective expenditure or Making Accounting: Consists record
transactions in the exercise that took place, please note the association of income and
expenditure, ie in the year that the income is performed also be accounte
Basic Assumptions under Statement of Accounting Principles No. Zero "0":
In April 1997, the Standing Committee of Accounting Principles of FCCPV issued the statement
of Accounting Principles No. 0, called Basic Standards and Accounting Principles Generall
As to the appropriate:
Deposits must be made the same day or next day intact, ie payments should not be made using
the income received and not deposited.
All payments must be made by check, except for lower payments authorized petty cash.
All checks must
According Kieso and Weygandt: Cash, which is the most liquid of assets, is the standard
medium of exchange and is the basis for evaluating and accounting everything else. Generally
classified as current assets. To classify as cash, must be i
Notes to Financial Statements.
The financial statements must be submitted in accordance with principles and rules of general
use, allowing users and readers can take right decisions and also make comparisons with other
years and other companies.
Procedure for effecting Bank Reconciliation.
Keep in mind that our account is for the banking institution a liability and therefore of creditor
nature. In contrast to our company account is active, and every time a deposit is made must
register by increas
According to the Bulletin C-3 of the CPC, both effects such as accounts receivable, considering
their availability can be classified as demand in the short term and long term. When receivables
are considered to be converted into cash i
TURNS TO RECOVERY:
Are the orders or letters that are in the bank to manage this collection. Sometimes companies
use collection services provided by banks. As the banking institutions have branches and
agencies in different regions of the count
Advantages of the Bill of Exchange.
Increased security of payment, as it is legally supported
Avoid the costs and risks inherent in the transport of money.
Serves as a payment instrument, and as such, encourages the development of commercial