1 LITI Task 1 Business Organizations Sole Proprietorship A sole proprietorship is owned by one person that runs the business. No formalities are necessary since the business is not owned by anyone else. There are some advantages and disadvantages of owning a sole proprietorship. One advantage is that the business can be closed down at any time and any financial obligations can be paid off. Another advantage is that the business has no boss‚ partner‚ or board of directors to answer to. One
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to prevent fraudulent accounting transactions‚ records of our department’s policies and procedures had to accompany any request for transaction analysis. Luckily‚ policies and procedures were kept up to date the auditors were pleased and
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Regulation Negotiable Instruments and Secured Transactions Negotiable Instruments and Secured Transactions What is a note and who are the parties to a note? © 2011 HOCK international 91 A note is a written promise to pay money. Notes are different from drafts in that notes are a promise to pay. If there is any doubt whether a document is a note or a draft‚ the holder of the document can decide what it is. There are two parties involved in a note. 1) The Issuer (Maker) is the promisor.
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APPENDIX B-211 Analysis of Business Transactions for Business other than Mixed Supplier Receipts/Other income & P ayments/E xpen ditu res Rii‚iffiMti*‚.{f‚‚Ei‚;**.: Sales- [ocal I-/ lales - lcal Sales - Exoort Sales - Croup Sales - Foreign Country : ‚.‚.‚‚ ‚ljl E*‚’’+.lEi ‚{‚tt:it-i;ii:::::i:=. .. ‚‚ ‚.. :‚‚. \-tsN Standard mted suooly iuoolv of taxable soods/seruices toJocal clienl ZKL iupply broic necessity such as foods‚ bread‚ fruits’ Zero rated supply - in accordance with GST (Zero-mte
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IBT OUTLINE—Karamanian‚ Spring 2008 I. Modern Forms and Patterns of IBT a. Types of IBTs‚ categorized by penetration: i. export-import transaction ii. agent or distributor sells goods abroad iii. licensing to a foreign entity to manufacture and distribute products abroad iv. Joint ventures b. Forms of Trade i. Goods ii. Services iii. FDI iv. Knowledge/Technology
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I - A. " Representational faithfulness is accomplished when transactions and events affecting the entity are presented in financial statements in a manner that is in agreement with the actual underlying transactions and events" (CICA‚ Financial statement Concepts 1000.21 (a)‚ 2003). It means that all of information in the financial statement such as numbers and descriptions must be factual. The independent auditors checked the computer ID tags on each piece of equipment to confirm the actual numbers
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ACKNOWLEDGEMENT I am deeply grateful to God almighty for his grace love protection mercy provision kindness and salvation over my life during the period of my Industrial Training. I want to acknowledge the effort of Mr. Jide Isaiah Babatunde and the entire staff and management of Babatunde and co for the love‚ care‚ support and privileged given to me during my Industrial Training. I want to acknowledge the pains-taking effort of my brother‚ family and finally‚ my sincere thanks go to all
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Transaction Dispute - Checklist TRANSACTION DISPUTE - CHECKLIST The below checklist of items MUST BE PROVIDED in order to process the dispute request. A chargeback specialist will be assigned to your case & contact you for further information (if necessary) and will provide status of the submitted claim. The content provided will allow proper investigation of the transaction dispute. Failure to provide the information in the checklist WILL PREVENT THE PROCESSING OF THE CLAIM. This form must be received
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The Legal Features of Sole Proprietorship‚ Partnership and Corporation Submitted by: Darius Immanuel D. Guerrero BAP 3A February 28‚ 2012 Sole Proprietorship A sole proprietorship is a business entity that is totally inseparable from its single owner. The law treats the business and the owner as the same. Because of this‚ all liabilities are taken for the owner. The owner does not pay income tax separately for the business‚ but reports the business income or losses on his/her individual income
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Conducting business transaction online is gaining popularity among the generation‚ what are the advantages and disadvantages made of transaction? OR. List two advantages of online transaction. Business transaction online is an interaction in the technology world‚ usually between an enterprise and a person where something is exchanged. It is gaining popularity among the young generation nowdays.I believe there are many advantages of business transaction online such as get a better customer service
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