Introduction This chapter present the introductory part of the study about accounting system in DMMA COLLEGE OF SOUTHERN PHILIPPINES. The purpose of this study is to ensure that the project will support the business requirement in accounting and improve better service to the employee in DMMA COLLEGE OF SOUTHERN PHILLIPINES. This study is conducted by Mary Ann Ivy Bautista‚ and Sheeneryl Lacay. We are proposing this study to the accounting department of DMMA COLLEGE OF SOUTHERN PHILIPPINES. Since the DMMA
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1. What is the FASB Accounting Standards Codification? The FASB Accounting Standards Codification® is the source of authoritative generally accepted accounting principles (GAAP) recognized by the FASB to be applied to nongovernmental entities. 2. When did the codification become effective? The Codification is effective for interim and annual periods ending after September 15‚ 2009. 3. The FASB had three primary goals in developing the Codification. Identify them. a.
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$1‚550 Depreciation expense 675 Rent expense 1‚200 Supplies expense 1‚250 Insurance expense 1‚000 Miscellaneous expense 715 Interest expense 65 Bad Debt expense 150 Repairs and Maintenance 200 Utilities expense 150 Payroll Tax expense 125 Office expense 525 Total expenses 7‚605 Net income $ 16‚720 In the income statement depreciation expense was not included. The balance sheet showed a
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XACC/291 – Week 4 Assignment Complete Exercises E10-6‚ E10-8‚ & E10-18. And Problems 10-3A & 10-6A. E10-6 Payroll Tax Expense $352.16 FICA Taxes Payable 198.40 Federal Unemployment Taxes Payable 19.84 State Unemployment Taxes Payable 133.92 (To Record Payable Taxes for the week) E10-8 1. True 2. True 3. False 4. True 5. False 6. False 7. True 8. True 9
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About MySQL: MySQL is (as of July 2013) the world’s most widely used open-source relational database management system (RDBMS) that runs as a server providing multi-user access to a number of databases‚ though SQLite probably has more total embedded deployments. It is named after co-founder Michael Widenius’s daughter‚ My. The SQL phrase stands for Structured Query Language. MySQL is a popular choice of database for use in web applications‚ and is a central component of the widely used LAMP open
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Chapter 2 Recording Business Transactions √ Quick Check Answers: 1. a 3. b 5. d 7. d 9. c 2. c 4. c 6. a 8. a 10. b Explanations: 3. b. Owner’s equity is $130‚000 ($50‚000 + $60‚000 + $200‚000 – $80‚000 – $100‚000). 7. d. Supplies balance is $1‚200 ($500 + $700). The payment of accounts payable does not affect supplies. 9. c. Ending equity is $70‚000‚ computed as follows: Beginning owner’s equity…….. $ 50‚000 Add: Net income: Revenues……………….. $110‚000
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introduction about the proposed system‚ the Online Payroll System. Its conceptual framework‚ the process of the existing manual based system as well as the automated process of the proposed system‚ the problems and the possible ways to minimize the hassle of the existing system‚ and the objectives and significance of the study. Introduction Every employee needs to be paid for the services he provides. For this to happen‚ the employer must have a payroll system in place. So obviously‚ there are benefits
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CHAPTER ONE INTRODUCTION 1. BACKGROUND TO THE STUDY Payroll has been designed to remove the time and effort that is normally associated with payroll and to provide a direct and seamless operation that enables the employer to handle all staff and payment processes in a simple and accurate manner. Payroll software allows organization to generate pay slips and salary register‚ based on the attendance of the employees taking care of leaves‚ overtime‚ allowances‚ loans‚ advance‚ bonus‚ encashment
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Q & T Explain what debit and credit mean. T For each of the following transactions of Dennen‚ Inc.‚ for the month of January 2015‚ indicate the accounts‚ amounts‚ and direction of the effects on the accounting equation. A sample is provided. a. (Sample) Borrowed $30‚000 from a local bank b. Lent $10‚000 to an affiliate; accepted a note due in one year. c. Sold 100 additional shares of stock with a par value of $.10 per share to investors for $500 cash. d. Purchased $15‚000 of equipment‚ paying $5000
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System Proposal: “Automated Payroll System (APS)” MAIN OBJECTIVE: Computers have the great impact on the profession of accounting. With the rapid growth of technology today‚ there is no doubt that computer will become a common asset in all profession. As computer technology changesat such fast phase‚ many businesses sectors try to cope up by upgrading computer system constantly in order to stay competitive. The multi-function ability of technology for its advance system is also an important
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