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Completing the organization of revenue and cost accounting and determining business results at Xuan Truong Hai Transport and Trading Joint Stock Company  - 2

- When goods or services are exchanged for dissimilar goods or services, the exchange is considered a revenue-generating transaction. In this case, revenue is determined by the fair value of the goods or services received, after adjusting for additional cash or cash equivalents paid or received. ...

Accounting for Determining Business Results

- Then, send it to the company director for signature and stamp. The payment order is sent to the bank during working hours. - This transaction is recorded as follows: Debit account 635: 28,350,598 Credit account 1121: 28,350,598 At the end of the month, the accountant transfers the financial ...

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