(Also known as "T" Account and Account) Having passed the double or journal entries‚ the next step is to post these double or journal entries into Ledger accounts. Ledger account or an account is simply the classification of double entries which we have made in General Journal or any other journal. In an account we bring together all similar entries in one place. For example a company has purchased goods on 4th and 7th January‚ we would put both entries in purchases account because of their similar
Premium Accounts receivable Debt Double-entry bookkeeping system
understanding of the complaint procedures and how best to respond to complaints. Tasks There are three tasks to this assignment. A Supervision notes B Reflective account C Guidance notes This is a summary of the evidence required for the unit. Task Evidence Learning outcomes covered A Supervision notes 1.1‚ 1.2 B Reflective account 2.1‚ 2.2‚ 2.3 C Guidance notes 3.1‚ 3.2 Assignment 304 Principles for implementing duty of care in health‚ social care or children’s and young people’s settings
Premium Risk Law Pleading
Financial Crisis of 2008 and its impact on Pakistan Following the financial crisis that broke in the US and other Western economies in late 2008‚ there is now serious concern about its impact on the developing countries including Pakistan. No doubt about that there are particular countries that will be adversely affected‚ there will also be countries that may be less affected‚ may avoid recession‚ and may recover sooner than expected. Although current Pakistan’s Economics downturn has been caused
Premium Economics Financial crisis Recession
CHAPTER 3 BALANCE OF PAYMENTS SUGGESTED ANSWERS AND SOLUTIONS TO END-OF-CHAPTER QUESTIONS AND PROBLEMS QUESTIONS 1. Define the balance of payments. Answer: The balance of payments (BOP) can be de fined as the statistical record of a country’s international transactions over a certain period of time presented in the form of double-entry bookkeeping. 2. Why would it be useful to examine a country’s balance of payments data? It Answer: would be useful to examine a country’s BOP
Premium Balance of payments International economics
nershipCHAPTER 2 RECONSTITUTION OF A PARTNERSHIP FIRM Partnership is an agreement between the members of a firm for sharing the profits of the business carried on by all or any of them acting for all. Any change in this relationship amounts to reconstitution of the partnership firm. A change in the partnership agreement brings to an end the existing agreement and a new agreement comes into being. This new agreement changes the relationship among the members of the partnership firm. Hence‚ whenever
Premium Balance sheet Liability Asset
Unit 31 1.2 Compare the models used to link individual roles and development with team performance. Belbin (1965) found that individual roles when allowing each individual in the team to perform the tasks that highlighted their strengths allowed a well-balanced team to develop with each individual able to bring their best to the team. This approach will result in less need for management intervention and there is less risk. However‚ the research with this method was carried out in a very rigid‚
Premium Management Leadership Skill
a ACCOUNTS SCHOOL BASED ASSESSMENT PROJECT ST GEORGES COLLEGE 2010 Chevaughn Barrant who previously worked for Shady Spring Developers was made redundant and received $1‚500‚000 as his redundancy payment which he used to open his own sole trader business known as C.J’s Computer and Accessories where he trades in computers and parts. He decided to operate the business for two months August 1‚ 2010 to September 30‚ 2010 and the transactions are as follows: 2010 Aug 1 Started business
Premium Balance sheet Income statement
to enhance or modify their products to satisfy the customer’s needs and wants with a feature called “feedback” customers can give reactions or suggestions about the product or services. About the proposed information system or better known as Balance Inquiry System (…‚2010) stated that An information system is an organized combination of people‚ hardware‚ software communications networks‚ and data resources that collects‚ transforms‚ and disseminates information in an organization. People have
Premium Bank Internet Mobile phone
forbidden. People always thought of Fort Zeelandia as a place of pain and misery. When the december murders took place here‚ it was also a reminder of the previous events that happened there. So the effect that the December murders had on the Surinamese society was even bigger because it took place at Fort Zeelandia. Here is a report‚ about the events in Paramaribo from the eight until the thirteenth of December‚ 1982‚ of the Dutch legal experts committee for human rights. It was written on the fourteenth
Premium
BALANCE OF PAYMENTS Contents 1 Composition of the balance of payments sheet 1.1 Variations in the use of term "balance of payments" 1.2 The IMF definition 2 Imbalances 2.1 Causes of BOP imbalances 2.2 Reserve asset 2.3 Balance of payments crisis 3 Balancing mechanisms 3.1 Rebalancing by changing the exchange rate 3.2 Rebalancing by adjusting internal prices and demand 3.3 Rules based rebalancing mechanisms 4 History of balance of payments issues 4.1 Pre-1820: mercantilism 4.2 1820–1914:
Premium Balance of payments Bretton Woods system International economics