how many methods are there to prepare account
current along with the names?
Answers
Answered by
0
When frequent transactions regularly take place between two parties, they prepare Account current.
In the case of consignment, consignee prepares it.
When frequent transactions occur between Bank and customers.
In case of a joint venture and each co-venture is entitled to interest.
mark as brainiest
Answered by
0
Answer:
An Account Current is a statement of transactions which represents running transactions between parties. We prepare Account Current for a specific period of time. It includes interest received or charged on transactions. There are two parties involved, one who prepares the Account and the other for whom the account is prepared.
Similar questions