one period of time. | | | |b. estimates should not be made if a transaction affects more than| | | |one time period. | | | |c. adjustments to the enterprise ’s accounts can only be made in | | | |the time period when the business terminates its operations. | | | |d. the economic life of a business can be divided into artificial | | | |time periods.
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needs to improve some of the internal controls over its revenue cycle procedures. Existence or Occurrence From Bradmark’s data files on sales invoices‚ cash receipts and list of customers‚ the ACL software was used to compute and determine the Accounts Receivable balances of customers in the books. January 20‚ 2005 United City 920 4 th Street Bridgewater‚ New Jersey 8807 Dear Sir/Madam‚ In connection with an examination of our financial statements by Ross & Specter Co.‚ Certified Public
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WEAPON OF MASS DESTRUCTION: MEDIA When the media first arose‚ the media were only used to provide communication and information. But‚ development of technology and life conditions affected the media. Today‚ media have a new concept including different purposes like entertainment advertisement. This newness contributed the effects of the media on people. Today‚ in every house parents and children use TV‚ newspaper‚ PC‚ radio‚ so‚ the most important factor affecting people is the media. The media
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Night of Destruction In the early hours of Sunday 25 January 1959 a fire broke out in the sewing room in the west wing of the building. There were sixty-eight occupants in the building at the time. Thirty-six nuns‚ including four elderly nuns who had been invalids for some years‚ thirty students aged between seven and seventeen‚ and two lady mistresses were sleeping in their beds. Everyone escaped however a lot of damaged was done to the interior of the building. It took a couple of days for the
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interpreting 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
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Amy Jacobson Mrs. Albinak Honor English 3 26 October 2015 Secret Destruction “Got a secret can you keep it? Swear this one you’ll save. Better lock it in your pocket‚ taking this one to the grave” (Secret by The Pierces). This musical composition makes the exigency of a secret prevalent to the outside eye. Keeping a secret changes someone’s personality‚ leading them to have self-doubt or guilt until that secret is out. After the secret is divulged‚ the character affected by the secret are
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pounds sterling (L). a. What is an account receivable? What other names does this asset go by? b. How do accounts receivable differ from notes receivable? c. What is a contra account? What two contra accounts are associated with Pearson’s trade receivables (see Note 22)? What types of activities are captured in each of these contra accounts? Describe factors that managers might consider when deciding how to estimate the balance in each of these contra accounts. d. Two commonly used approaches for
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Task 2 Reflective account of presentation In this essay I will be writing about my own experience in working within a team‚ linking in Belbin’s Theory. This includes the importance of teamwork‚ how different roles can be formed and managing conflict. Followed by a summary of how the group and team working techniques can be improved. The importance of team work includes working efficiently with everyone within the team by making sure individual’s needs are listened to and communication is virtuous
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An account manager is a person in a business who is responsible for the management of the sales and relationship with particular customers. They are allocated particular customer accounts‚ especially the key accounts which provide the most business. The Account manager varies depending on the nature of the business. The account manager builds client relationship by acting as the interface between the customer service teams and sales teams within a company. By maintaining the company’s existing relationship
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• This document consists of 4 pages. Any blank pages are indicated. © OCR 2009 [H/500/7722] SP (NF) T77015/2 OCR is an exempt Charity Turn over 2 1* Paula Redwood‚ a sole trader‚ prepared the following Trial Balance from her accounts on 30 April 2009. Rent General expenses Insurance Salaries Electricity Capital Motor expenses Bad debts Drawings Debtors Creditors Bank Stock 10% Loan Loan interest Carriage outwards Commission received Purchases Sales Purchases
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