AP-3: ⇒Audit Program for Accounts Receivable Company Balance Sheet Date | | | The company has the following general ledger accounts that are classified in the accounts‚ notes‚ or other receivables captions of the | |balance sheet:
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system Account Information System of their students. The information are stored and compiled in some sort of filing cabinets and may take a long time to retrieve the data and information especially when the account is for old students of the school. In all it can take minutes finding the relevant account information of the students. Students Account Information System manages student records and account information. A SAIS may handle student’s information system‚ payments information‚ accounts and
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PAKISTAN CURRENT ACCOUNT TO GDP Pakistan recorded a Current Account deficit of 2 percent of the country’s Gross Domestic Product in the fiscal year 2011-12. Current Account to GDP in Pakistan is reported by the State Bank of Pakistan. Pakistan Current Account to GDP averaged -2.32 Percent from 1980 until 2012‚ reaching an all time high of 4.90 Percent in June of 2003 and a record low of -8.50 Percent in June of 2008. The Current account balance as a percent of GDP provides an indication on the level
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Structured criteria to select and categorize key accounts Profitability potential from selected customers Business opportunities that derive from an external and internal analysis of the client Key account management What this session covers The definition of a key account Different types of key customer relationship The key customer portfolio Definition of a key account Definition A key account is a customer that is of strategic importance to the supplier (McDonald and Woodburn
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1. Sully Company uses 3‚000 yards of canvas each day to make tents. It usually takes ten days from the time Sully orders the material to when it is received. If Sully’s desired safety stock is 12‚000 yards‚ what is Sully’s order point? a. 12‚000 yards b. 21‚000 yards c. 30‚000 yards d. 42‚000 yards ANS: D 3‚000 (daily usage) x 10 (lead time) 30‚000 Safety stock 12‚000 Order point 42‚000 PTS: 1 DIF: Moderate REF: P. OBJ: 1 NAT: IMA 3A - Strategic Management TOP: AACSB - Analytic 2. What
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$600000 and a hand tools expense of $150000 in its profit and loss account. (5 marks) 2. The cash book of Ronald Limited showed a favourable bank balance of $98777 at 30 April 2001. An examination of the bank column in the cash book and the bank statement disclosed the following: iii. Dividends amounting to $752 had been credited by the bank but not entered in the cash book. iv. The bank had credited the company’s account with $3725 being the proceeds of a bill receivable. This amount
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CHAPTER ONE THE PROBLEM AND ITS APPROCH 1.1 INTRODUCTION Effective management of accounts receivable present important opportunities for companies. The primary objective of accounts receivable management is to collect money due and to assist in meeting cash requirement. An effective accounts receivable function can assist in achieving the desired cash flow out come through the timely collection of out standing debts. All companies have an objective of continually improving customer service
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role throughout a variety of stories. It not only creates suspense but surprises the reader as well. This can be shown through the three short stories entitled‚ “The Possibility of Evil”‚ “Just Lather‚ That’s All” and “The Skating Party”. It is critical that situational irony be used for effect in Shirley Jacksons’‚ “The Possibility of Evil”. The short story‚ “The Possibility of Evil” is an excellent example of situational irony. During the story‚ the reader expects Miss Strangeworths’ letters
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On September 1‚ the balance of the Accounts Receivable control account in the general ledger of Montgomery Company was $10‚960. The customers’ subsidiary ledger contained account balances as follows: Hurley $1‚440‚ Andino $2‚640‚ Fowler $2‚060 and Sogard $4‚820. At the end of September‚ the various journals contained the following information. Sales journal: Sales to Sogard $800‚ to Hurley $1‚260‚ to Giambi $1‚330‚ and to Fowler $1‚600. Cash receipts journal: Cash received from Fowler $1‚310‚ from
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|Less Operating expenses | | |=Net Income | • New Accounts on the Income Statement o SALES – revenues collected from the sale of merchandise o COST OF MERCHANDISE SOLD – the purchase price plus incidentals of merchandise available for resale o GROSS PROFIT – Sales
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