Types of Receivables Accounts Receivable: amounts due from customers for sales on credit. Businesses sell to customers on credit in an attempt to increase their sales. Also called Trade Debtors. Bills Receivable: similar to accounts receivable but bills receivable are a legal instrument. Interest is charged on the bill receivable and it usually gives more time to pay than accounts receivable. interest receivable‚ rent receivable Accounts Receivable Recognition of accounts receivable Recorded
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Ambition is often the driving force in people’s life. People often pushed by ambition to acquire the things they desire. It’s a motivational force. Sometimes ambition seems to be a necessary character for a leader because these strong eagers of willing to win the battles usually make him stronger. However‚ ambition is a two-edged human quality that it’s a good thing if we can control it but it can also make people do bad things. Eventually‚ if ambition is driving over people‚ it would be the situation
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ascetic views‚ which he adopted after a moral crisis and spiritual awakening in the 1870s in Russia‚ after which he also became noted as a moral thinker and social reformer. His moralistic principles had been evident in his writings especially in his short stories. It had awaken the ethical standards of late Russia into a more monotheistic nation. Stories like “God Sees the Truth‚ But Waits”‚ “The Three Questions” and “What Men Live By” have deep-rooted principles that are trying to tell everyone how
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then 50 million are starving to death. The criminalization of politics‚ executive & judiciary is almost complete. The corruption has spread its tentacles far & wide‚ there is corruption from womb to tomb‚ from maternity hospital to grave yard. The injustices mated out‚ the atrocities perpetrated by public servants are worse than Britishers. The biggest confounding factor in the political environment of business is criminalization of politics: people with criminal backgrounds becoming politicians and
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EXAMPLES OF ACCOUNTS FALLING UNDER EACH ACCOUNTING EQUATION ELEMENT: Current Assets Cash - A current asset account which includes currency‚ coins‚ checking accounts‚ and undeposited checks received from customers. The amounts must be unrestricted. (Restricted cash should be recorded in a different account.) Petty Cash Fund - A current asset account that represents an amount of cash for making small disbursements for postage due‚ supplies‚ etc. Notes Receivable - An asset representing the
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A PROJECT REPORT ON CONSOLIDATED FINANCIAL STATEMENT SUBMITTED TO THE UNIVERSITY OF MUMBAI AS A PARTIAL REQUIREMENT FOR COMPLETING THE DEGREE OF M.COM (ACCOUNTS) SEMESTER I SUBJECT: ADVANCED FINANCIAL ACCOUNTING SUBMITTED BY: SHUBALAXMI.UMESH.SHETTY ROLL NO.: 47 UNDER THE GUIDANCE OF PROFESSOR DHANABALU.R.NAIKAR SIES COLLEGE OF COMMERCE AND ECONOMICS‚ PLOT NO. 71/72‚ SION MATUNGA
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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
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Short story analysis – There will come soft rains (1950) The short story “August‚ 2026: There will come soft rains” written by Ray Bradbury in 1950 deals with the theme humanity and their technology. The story deals with a nuclear disaster that ruined the entire city despite one house which keeps on living it daily life. It starts with announcing the date of August 4th‚ 2026 and that it is itme to wake up‚ though nobody is there. Breakfast is automatically prepared but no on one is there to eat
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this topic. INTRODUCTION This internal assessment focuses on the impact of technology on accounting. Accounting is the systematic process of collecting‚ recording‚ classifying‚ analysing and communicating financial information. Traditionally‚ accounts were prepared manually using ledgers‚ cashbooks etc. However in recent years‚ technology has played an increasingly important role in accounting and has changed the accounting systems. This has brought with it solutions to previous problems associated
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Today I am in Puerto Rico to talk with families and local government representatives about the destruction they are dealing with. I want the people in Puerto Rico‚ as well as those in the Virgin Islands‚ to know that they are not alone‚ they have not been forgotten. The level of destruction in Puerto Rico is unprecedented. Rebuilding will require significant resources over a long period of time. Only 26% of Puerto Rico has electrical power and around 90% of the U.S. Virgin Islands is still without
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