e EDouble entry - Income statement 1. Sales When sales are made‚ capital increases by the amount of profit made on the sale. 2. Expenses When ongoing costs‚ such as wages or rent are incurred‚ capital decreases. 3. Income and expense accounts Periodically‚ usually once a year‚ the figure of profit (income - minus expenses) is added to capital. During the year figures are accumulated in separate accounts for each item of income and expenditure. 4. Cost of sales At the end of the year‚ the
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Credit • BOP must be in equilibrium • Balance of payments in Pakistan • Causes of adverse balance of payments • Measures to correct BOP • Conclusion Introduction: Balance of payments refers to sum of both the balance of visible and invisible items. The balance of Payment is a comprehensive annualrecord of economic relation of a country with the rest of the world during a given period of time. A balance of payments (BOP) sheet is an accounting record of all monetary transactions
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to Adjust Entries for a Trial Balance A trial balance is created by companies at the end of an accounting period. It contains a list of all accounts within an accounting system that have balances. Companies separate the accounts into different categories‚ which include assets‚ liabilities‚ equities‚ revenues and expenses. The accounts are listed in order‚ beginning with assets‚ and each includes a balance that is either a debit or credit. Asset and expense accounts have debit balances‚ while the
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Book Log Questions Four typed log entries are required. See list of possible -questions. 1.Double space entries. 2. Each entry needs to be 8-12 sentences in length. 3. Indent and type answer(S) using BOLD ARIAL SIZE 14. 4. Answer ALL PARTS of the question. 5. Hit enter after you finished your entry. 1. What surprised you in the book and why? A. Something that surprised me in the book is that Carley’s mom was actually trying to protect Carley from Dennis. She actually wanted Carley back
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ACCOUNT BALANCES For many purposes‚ it is necessary to determine the balance in an account. This is accomplished by adding the debits‚ credits‚ and determining the difference between the two sums. An account is said to have a debit balance if the sum of the debit entries to that account exceeds the sum of the credit entries. Conversely‚ an account has a credit balance if the sum of the credit entries exceeds the sum of the debit entries. Asset accounts normally have debit balances inasmuch as
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“JOURNAL ENTRIES” a. JIL made initial cash investment. Cash XXX JIL‚ Capital XXX b. JIL made an additional investment‚ Equipment. Equipment XXX JIL‚ Capital XXX c. Purchased equipment on account. Equipment XXX Accounts Payable XXX d. Purchased equipment for cash. Equipment XXX Cash XXX e. Purchased supplies on account. Supplies XXX Accounts Payable XXX f. Purchased supplies for cash. Supplies XXX Cash XXX g. Rendered services on account. Accounts receivable XXX Service
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11/8/2014 Preparing a legal memorandum – Best Guide to Canadian Legal Research Home / Writing & Analysis / Preparing a legal memorandum Preparing a legal memorandum A legal memorandum is a highly structured type of writing that follows certain conventions. The structure and conventions are discussed below‚ and a sample memorandum is included. Because each legal problem is distinct‚ no two memoranda will be organised in precisely the same way. Do not slavishly follow the sample memorandum. Rather
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Term Sheet BUS605: Venture Capital and Private Equity Term Sheet “A term sheet is a non-binding agreement setting forth the basic terms and condition under which an investment will be made. The term sheet serves as a template to develop more detailed legal documents. Once the parties involved reach an agreement on the details laid out in the term sheet‚ a binding agreement or contract that conforms to the term sheet details is then drawn up” (Investopedia‚ 2013)
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|Turnover Ratio | |N.I. Net Income |XA Uncollectable | | |Accounts | | |~A Contra-Asset | | |(negative) | | |$ CASH | Balance sheet |Assets |Liabilities | |Current Assets |Current Liabilities | |Cash |Payable (Account‚ | |Marketable |Note‚Interest‚ | |Securities/Stocks |Salaries‚ Income | |Short Term
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PREPARING A RESEARCH PROPOSAL Research students at the University are expected to present a research proposal within three semesters after commencement. The proposal is presented at a seminar attended by fellow students‚ supervisors and other assessors. Assessors are selected by the Faculty for their understanding of the field and the research involved. The purpose of a research proposal is to set out a plan for conducting the research and writing the thesis within the available time. It should
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