Answer Posted / ahmed_yousif
if possible, i want to know the best banking practise in
accounting realted with gold purchese: for example, when
the bank buy or purchse gold, which account s should be
debit and credit?
also when the bank export gold , which account be
debit /credit?
when the bank export gold to other (transit) this gold will
be in transit, so what accounts will be debited or credited
due to devaluation in price of gold go down.
how many accounts and trype )assets/lib) of accounts must
be open in statemnet of condition of the bank?
plz may you contcat me on ahmed_yousif@yahoo.com
very thanks for your help
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Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.
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