CONTROL ACCOUNTS AND ITS USES INTRODUCTION: As the business grows in size‚ more than one ledger is required for recording its transactions which have also expanded with the business. Since the bulk of the entries are made in the accounts of debtors and creditors‚ these two classes of accounts are taken out of the General Ledger and put in separate ledgers - the Sales Ledger for debtors’ accounts and the Purchases Ledger for creditors’ accounts. There may be more than three ledgers but for simplicity
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the contents of the British airways accounts I will also be writing a statement about the business and its progress‚ and describe what profit and loss accounts are. PROFIT AND LOSS ACCOUNT By law business are required to provide annual financial statements‚ which will appear in their company report‚ there are two main types of financial statements‚ one is balance sheet and the other is a profit and loss account. A profit and loss account is a record which can be updated regularly and generally
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Individual Case Brief-The Timken Company Main Issue The Timken Company was intended to acquire the Torrington Company from Intersoll-Rand (IR). If the acquisition succeeded‚ Timken would get synergies such as boosting world market share and cutting costs substantially. However‚ considering the large size of this acquisition‚ Timken would face the stress of below-investment-grade rating and series of future financing problems if IR required a cash deal. A feasible financing structure must be considered
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Practice Problems PARTI: MULTIPLE CHOICE 1. The CPI index: A. Is usually highly correlated with the GDP deflator B. Measures the price of a consumption basket; the GDP deflator‚ instead‚ measures the cost of a basket of locally produced goods C. Is sensitive to the high volatility of the price of food and energy D. All of the above 2. Looking at the composition of GDP in the last 50 years‚ we can claim that: A. Both in India and the US the consumption share has been converging to
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2.) Explore Aristotle’s account of happiness. Do you agree with him‚ that moral activity is secondary? In Book X of Nicomachean Ethics by Aristotle‚ he writes about pleasure and happiness. Aristotle makes the point that happiness and pleasure should not be confused with each other. He argues that pleasure is not good‚ but a good. Pleasure is not a process‚ and not all pleasures are desirable‚ so pleasure is not the supreme Good. However‚ happiness is not a process. It is an activity that
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How to Write a Gratitude Speech 1. Brainstorm a list of the ideas you want to include in the speech; then‚ if appropriate‚ consult others who wish to express their gratitude and jot down what they have to say. For example‚ if a corporation has made a donation to a nonprofit organization‚ the employees might each be able to tell you how the gift will impact what they do. If a service group has joined in your company’s efforts to clean up a derelict part of the city‚ residents of that area may want
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sources‚ these have been properly acknowledged in the assignment. I have read and understood the college policy regarding the submission of assignments and plagiarism. Signed: …………………………………………….. Date ………………………… Assignment Brief Part 1 - Understand the function of computer systems You are an IT Teacher who has been asked to prepare an introductory lesson on Computer Systems to First Year Undergraduates. The lesson must cover the following points: 1.1 explain
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figures entries found. Introduction In this report‚ I am going to describe my own role in helping the team to achieve its goal in relation to the group report and the practical negotiation exercise’s. Also I will provide evidence of my contribution to the cohesiveness of the group and how I facilitated the completion of the group goals. I am going to use a theoretical diagram in order to evaluate every piece of knowledge in which I have gained‚ after searching the internet for different diagrams
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BANK ACCOUNT: A bank account is a financial account which tells you details or records of all the financial transactions that occurs between bank and the customer and also the financial state of the customer after that. There is a process of opening an account which is as follow: 1. The Type of Bank Account which you wish to open: There are following types of accounts like fixed deposit account‚ saving account and the current account. You choose any of them according to your need. 2.
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A BRIEF HISTORY OF COMPETITIVE ATHLETICS IN THE PHILIPPINES From historical accounts about the Philippines‚ one can readily that certain types of competitive athletics were enjoyed as early as the pre-Spanish period by the Filipinos. Games which were brought to the Philippines shores from Malaya‚ Indonesia‚ China‚ and India did not enjoy as much popularity as in their later period. When the Spaniards came to this country their primary objectiveswere to spread Christianity and to exploit its natural
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