Classmates‚ According to (Oster‚ 2014)‚ "Percentage of receivables and percentage of sales are two accounting allowance methods used to reconcile customer accounts deemed noncollectable. When allowed by generally accepted accounting principles (GAAP)‚ these two strategies are preferred over direct write-off of bad debt expenses. Percentage of receivables and percentage of sales provide a business with the ability to accurately estimate the expected bad debt losses they will have in each succeeding
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8/2/2012 Objective of Lecture 2 CLASSIFICATION OF ACCOUNTS & ACCOUNTING EQUATION • By end of lecture 2‚ all students should be able to:(a) Understand the five categories of accounts and able to classify them into the respective categories (b) Understand the accounting equation and the relationship between assets‚ liabilities and owner’s equity. Classifications of accounts • • 1. 2. 3. 4. 5. An account is used to record all information regarding an item. The five major
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ACCOUNTING SUBSTANCE OVER FORM Substance over form is an accounting concept where the entity is accounting for items according to their substance and economic reality and not merely their legal form. It is one of the key determinants of reliable information. For most transactions there will be no difference and in some cases however‚ the two diverge and the choice of how to present the transactions can give very different results. This differences occurs when an asset or liability is not recognized
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complexity [4].It has been suggested that to achieve a better understanding of a project‚ its complexities should be measured so that fresh approaches can be developed for systematically reducing complexity [5]. Researchers are of the view that measurements are the key for controlling any process because it is difficult to manage what cannot be measured [6]. Further researchers developing a metric for overall cycle time effectiveness for concerted productivity improvement efforts in the service sectors
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comparison of a job order cost system and a process order system will be analyzed to decide which would be the best fit for Super Bakery‚ Inc. Super Bakery... Save Paper Case 19-1 Bennet Body Company simplicity of computation. Under our present production‚ it is preferable to stick with Job Order costing‚ unless we change our products to a more standard design... Save Paper Cost Methods Finally‚ the paper will divulge why a job order cost system or a process order cost system would or would not work
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Identification of A Mixed Culture Unknown An experiment such as this one serves the purpose of allowing us‚ the students‚ to apply what we already know about any organism and any laboratory procedure to the difficult task at hand. It is possible to identify a mixed culture by running familiar experiments on the unknown bacteria and taking information already known about specific bacteria and applying it to the results. This helps to slowly eliminate any bacteria that do not correspond with the
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MAA103 & MAAP103 - Accounting for Decision Making ASSIGNMENT – TRIMESTER TWO‚ 2011 (Relates to Topic 4) Represents 20% of the assessment for this unit DUE DATE: ASSIGNMENT PLANNER: MONDAY 1 AUGUST‚ BY 5.00pm FINAL ASSIGNMENT: THURSDAY 8 SEPTEMBER‚ BY 5.00pm NOTE the following general submission points: 1. 2. 3. 4. 5. Assignment can be completed in groups of no more than THREE students. Students CAN NOT complete assignment with students from other lecturers classes. Only ONE hardcopy of
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PRESSURE MEASUREMENT AND CALIBRATION YEDĐTEPE UNIVERSITY DEPARTMENT OF MECHANICAL ENGINEERING 1 YEDITEPE UNIVERSITY ENGINEERING FACULTY MECHANICAL ENGINEERING LABORATORY Pressure Measurement and Calibration 1. Objective: To convert an arbitrary scale of pressure sensor output into engineering units. To calibrate a semiconductor pressure sensor. 2. Equipment: The equipment comprises a Dead-weight Pressure Calibrator (DPC)‚ Bourdon gauge and diaphragm-type pressure sensor. The
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CONCEPTS‚ MEASUREMENT AND CAUSES OF POVERTY BY Prof. D. O. Ajakaiye and Dr. V. A. Adeyeye 1. BACKGROUND Thoughts on appropriate conceptualization‚ measurement and accurate characterization of determinants of poverty have a long history. From analytical perspective‚ thinking about poverty can be traced back at least to the codification of poor laws in medieval England‚ through to the pioneering empirical studies‚ at the turn of the century‚ by Booth in London and by Rowntree in York. Rowntree’s study
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Lab 1- Measurements of a Table ABSTRACT: The purpose of this experiment was to determine the value of the acceleration of a free falling object and to describe the range of experimental values. Within the experiment the items used to help provide the conclusion that 2/3 or our values fell within the 9.62m/s^2- 9.78m/s^2 range was a Vernier data-collection interface‚ Logger Pro Application and the apparatus Photogate. The results found within the 30 trial periods were all precise
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