joint process classified? What management decisions must be made before beginning a joint process? How is the joint cost of production allocated to joint products? How are by-product and scrap accounted for? How should not-for-profit organizations account for the cost of a joint activity? PANCAKETOM/DREAMSTIME.COM 475 476 Chapter 11 Allocation of Joint Costs and Accounting for By-Product/Scrap Introduction Most companies produce and sell multiple products. Some companies engage in
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Introduction As part of my studies in the MA social Work and Law module I attended Hull Crown Court. During the visit I witnessed three sentencing sessions. In this paper I aim to project a reflective account of my own thoughts and feelings regarding the Crown Court environment and my initial perceptions of the power dynamics of the Court room officials. The profile and demographics of the defendants will be briefed‚ with the aim of finding links between them. We will then introduce the nature of
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At the time of a credit sale‚ a company would record an increase in assets and an increase in revenues. True False 3. A sale on account is recorded as a debit to revenue and a credit to accounts receivable. True False 4. Accounts receivable represent the amount of cash owed to the company by its customers from the sale of products or services on account. True False 5. Trade discounts represent a discount offered to the purchasers for quick payment. True False 6. When a company
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long-term debt‚ specific short-term debt‚ common equity and preferred equity. The capital structure is how a firm finances its overall operations and growth by using different sources of funds. Debt comes in the form of bond issues or long-term notes payable‚ while equity is classified as common stock‚ preferred stock or retained earnings. Short-term debt such as working capital requirements is also considered to be part of the capital structure. A company’s proportion of short and long-term debt is
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Now-a-days‚ most of the people keep money in bank to make the money secure and as well as for profit motive through interest. For various kinds of people there are various kinds of bank account such as savings A/C‚ current A/C etc. Since our assignment is through savings A/C plan on Bank Asia Limited‚ so we are discussing below about it. Bank Asia Limited is a scheduled commercial bank in the private sector established under the Banking Company Act 1991 and incorporated in Bangladesh as a public
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is Recurring Deposit Account ? Meaning ↓ Recurring deposit account is generally opened for a purpose to be served at a future date. Generally opened to finance pre-planned future purposes like‚ wedding expenses of daughter‚ purchase of costly items like land‚ luxury car‚ refrigerator or air conditioner‚ etc. Recurring deposit account is opened by those who want to save regularly for a certain period of time and earn a higher interest rate. In recurring deposit account certain fixed amount
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Salem Witch Trials: Hanging’s In1688‚ John Putnam invited Samuel Parris to preach in the Village church (“An Account of. . .”). A year later inflation adjustments‚ and free firewood‚ Parris accepted the job as Village minister r(“An Account of…”). He moved to Salem Village with his wife Elizabeth‚ his six year old daughter Betty‚ niece Abagail Williams‚ and his Indian slave Tituba (“An Account of…”). Sometime during February of 1692 young Betty Parris became strangely ill (“Salem Witch Trials”). The
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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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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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