ACCT 3512 Chart of Accounts Accounts & 4 Characteristics by 6 Acct Types: FS‚ Real vs. Nominal & Normal Acct Bal (NAB) mjm cpa 9/13 (Contra Accts) [Historical Cost Exceptions] (ACCT 3512 emphasized accts in italics) by Marco J. Malandra‚ CPA 1. ASSETS: BS‚ Real‚ Dr NAB‚ (Cr if contra) 3. SHs’ EQUITY: BS‚ Real‚ Cr NAB (Dr if contra) Current [generally]: IC accts: Preferred Stock [at Par Value] Cash (Money Orders‚Checks‚Checking‚ Savings‚ Petty) Additional-paid-in-capital
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Business Administration: Diploma Description The two year diploma in Business Administration will prepare you for an entry level management position. Courses provide basic business skills‚ a solid grounding in economics‚ and a foundation in calculus appropriate for advanced studies in economics and operations research. It offers a business diploma with a solid exposure to the liberal arts. Completion of this diploma (with a minimum grade point average of 2.7 and a minimum grade of C+ in Accounting
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Chapter 3 continued... Every acct on adj trial bal is used only once in creating first 3 financial stmts. Point of closing is to bring RE up to date - in doing that‚ we zero out temp accts. 4 kinds of closing entries: 1) close out Revenue - debit Rev CR Income Summ (normal credit bal) (only exists long enough for closing entries) - companies may be closing hundreds of rev or exp accts 2) close out Expense accts - list every single acct DR Income Summ CR Exp accts 3) DR Income Summ CR Retained
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Paid monthly utility bill. Problem 2-1A (Continued) Part 2 Cash Acct. No. 101 Date Explanation PR Debit Credit Balance April 1 G1 100‚000 100‚000 2 G1 7‚200 92‚800 6 G1 2‚000 94‚800 13 G1 14‚400 80‚400 19 G1 6‚000 74‚400 22 G1 6‚400 80‚800 28 G1 6‚200 74‚600 30 G1 700 73‚900 Accounts Receivable Acct. No. 106 Date Explanation PR Debit Credit Balance April 9 G1 8‚000 8‚000 22 G1 6
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1 – Partnership Ownership Changes & Liquidations - Heading Chapter 14: Partnership Ownership Changes & Liquidations 3 – Partnership Dissolution - #1 • Dissolution is a legal termination • UPA § 31 & 32: – admission or withdrawal of Pr results in Pp dissolution • When act of dissolution occurs‚ Prs may – continue business as new Pp or – liquidate 2 – Partnership Dissolution - Heading Partnership Dissolution 4 – Partnership Dissolution - #2 • Remember dissolution is not
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MIA BY-LAWS PART A: FUNDAMENTAL PRINCIPLES AND CONCEPTUAL FRAMEWORK • Circums where PA req to disclose confid info or such disclosure may be appropriate: o Disclosure permitted by law‚ auth by client o Disclosure req by law: Doc as evidence in legal proceedings Disclosure to approp public authority o Pro duty/right to disclose: Comply quality review of MIA Respond to inquiry/investigation by reg body Protect pro interest of PA in legal proceedings Comply with tech standards & ethics
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Basic Accounting Equations Shereka Pierce ACC205 Jennifer Salas June 12‚ 2013 Week One Exercise Assignment Basic Accounting Equations 1. Recognition of normal balances The following items appeared in the accounting records of Triguero’s‚ a retail music store that also sponsors concerts. Classify each of the items as an asset‚ liability‚ revenue‚ or expense from the company’s viewpoint. Also indicate the normal account balance of each item.
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TEXAS UNIFORM CPA EXAM PAPER The Uniform Certified Public Accountant Examination (Uniform CPA Exam) is the examination taken by people who wish to become Certified Public Accountants in the United States. The Uniform CPA Exam is developed and maintained by the American Institute of Certified Public Accountants (AICPA)‚ and is administered by the National Association of State Boards of Accountancy (NASBA). In order to sit for the Uniform CPA Exam‚ a person must be declared eligible to do so by
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ACCT 3596: Auditing Just For FEET‚ Inc. Case Analysis: Case 1.2 #1-3‚ 5 Beka Vinogradov Seat #1 2011 1 Beka Vinogradov ACCT 3596: Case Analysis #1. Common-Sized Balance Sheets. Just for FEET‚ Inc. Balance Sheet Years ending Jan 31st 1997 18.40% 0.00% 3.53% 45.97% 1.50% 69.40% 21.08% 8.05% 1.46% 100.00% 20.22% 11.41% 2.07% 0.30% 0.72% 34.73% 5.48% 40.21% 0.00% 48.76% 11.03% 59.79% 1996 Current Assets: Cash & Equivalents Marketable Securities AFS Accounts Receivable Inventory Other
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UTM-IBS Level 10‚ Menara Razak‚ Universiti Teknologi Malaysia Jalan Semarak‚ 54100 Kuala Lumpur Latest updated: 24th September 2014 MBA KL SCHEDULE -WEEKENDSIBS‚ UTM Kuala Lumpur (Semester I – 2014/2015) SECTION 01 Dear students‚ th st Your online subject’s registration will start on 6 – 21 September 2014. Please check your schedule before you register the subject to avoid any class clashes. You have to drop a class when it clashes. How to register ?
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