Review sheet Test 2 Chapters 4 & 5 (33 Multiple choice) Chapter 4 ▪ Definitions or calculations presentation on financial statements- Net Sales‚ COGS‚ gross profit‚ selling and administrative expenses o Sale - sale discount = Net sales o Net sale – COGS = Gross profit o Sale discount + net sale= sale o Sale – net sale = sale dis o Net sale – gross profit= COGS New asset -> inventory Expense -> COGS Revenue -> sales Contra revenue (debit)
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The concept of learning can be defined as the changing of knowledge‚ skills and behaviors of one person‚ which due to different experiences. As this reason‚ different people may have different understanding about the concept of learning. In my point of view‚ the learning is a continuous process‚ which could help people to acquire new knowledge and skills through understanding. It also provides the different views of thinking and understanding‚ in order to change as a person from inside to outside
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depositors. Begin with accounting principles from Islamic perspective‚ this paper discusses the concept of accrual and cash basis and scholar opinion about this basis of accounting. Both accrual and cash basis implementation with its advantages and disadvantages also discuss in this paper. An alternative method to improve fair and just between bank and customer is proposed. 1. Introduction The growth of Islamic financial market and institution create the need for different accounting requirement. This
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PHP Conventions and Coding Style ● ● File and Directory Names Brackets ○ Curly Brackets ○ Class Brackets ○ Empty Brackets ○ Array Brackets ■ Opening Parenthesis ■ Closing parenthesis ● Single Dimension ● Multidimensional ■ Arrays as Function Arguments Naming Conventions ○ Classes ○ Functions and Methods ○ Variables Indentation String Concatenation Single Line Statements Comparison Operations Switch Structures Parentheses Ternaries Type Casting Constants Comments ○ One-line Comments Regular Expressions
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between accrual-basis accounting and cash-basis accounting? The variation between accrual basis accounting and cash basis accounting‚ is how cash is documented. Cash basis is an accounting basis that is used when expenses and revenue are paid out or received. This is when the transaction will be recorded. In accrual-basis accounting‚ transactions are recorded when they actually happen. Payment does not need to be made for the transaction to be recognized in accrual-basis accounting unlike cash-basis
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Comic conventions in ’Educating Rita’ The 1980’s play Educating Rita by Willy Russel shows many of the main features of comedy. It involves two different societies clashing‚ for example. Rita‚ a hairdresser who comes from a working class family and is married to Denny whose aim in life is to have a baby‚ wants to get educated. She meets Frank‚ her tutor in the open University who comes from an upper class family. In the beginning‚ Rita appears to be the typical working class women. She is
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In addition to meeting the definition of a Convention refugee‚ Toben also meets the four criteria for determining whether or not someone is a Convention refugee. First‚ Toben is alienage. An alienage is someone who has been denied protection by their home country and is now unwilling to return. Toben had left Nigeria in April 2015‚ to come to Canada. Moreover‚ it has been noted that Toben was in fear of being persecuted by the Nigerian government. He has already been detained since he has joined
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Nature of Accounting and the Accounting Standard Background Accounting is an important part for business and it is dubbed “language” of business activities conducted by firms. People think it is used to communicate business transactions per se to all stakeholders. However‚ some people argue that the functions of accounting are not that easy. Except the communication tool‚ accounting acts as many other difference roles in business. When doing accounting‚ different standard may be used. There are
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ETHICS IN ACCOUNTING Presented by: Rojina Sapkota Abhilasha Thapa Pooja Shah Sandeep Gautam Mendhala Lama Gurung AND THE ACCOUNTING PROFESSION What is ETHICS? -All about making right choices and producing good behavior What is ETHICS in ACCOUNTING? -Being responsible enough to behave as a TRUSTWORTHY accountant. ROLE/IMPORTANCE OF ETHICS IN ACCOUNTING To provide true knowledge of the financial transactions taking place. To ensure correct decision making . WHAT IS AN ETHICAL DILEMMA
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Question 1 Discuss the accounting principles and concepts that were violated in the case. Explain the appropriate accounting treatments that should be used. Accounting is a systematic recording of business transactions and statements relating to assets‚ liabilities and summarizes the financial events that occur in a business. There are certain accounting principles and concepts to preparing reports on financial statements. These accounting principles and concepts are usually referred to as
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