1. It has often been said that taxation is an economic tool‚ to what extent if any‚ is this assertion valid in Ghana? 2. Discuss the relative importance of the main sources of revenue to the government of Ghana. Answer to question 1 Definition The system of compulsory contributions levied by a government or other qualified body on people‚ corporations and property in order to fund public expenditures in Ghana is known as taxation. It is an imposition financial charge or other levy upon a taxpayer
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Today‚the more the cities are developed‚the bigger problems which the cities have are.In addition‚citizens suffer from issues that is related to city’s development. Now‚we have to consider that problems. The following is some problems and solutions that we can implement. To begin with‚one of the biggest problems is over population which accounts for some serious problems such as a lack of space of housing‚unemployment‚traffic congestion‚and air pollution. In the past‚our lifestyle is different
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http://accrualperspective.wordpress.com/2012/10/10/zyngas-revenue-recognition-dilemma/ Zynga’s Revenue Recognition Dilemma Leave a reply Zynga’s Revenue Recognition Dilemma Zynga has been the focus of a highly disputed topic on bookings and revenues as of late. Unfortunately for the online gaming company‚ many accountants and financial analysts are not in Zynga’s favor on the way that the company has been recognizing revenues. To put the company in perspective‚ there are 26 million digital
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block between the heels and sit on it. Make sure the knees are pointing straight forward and not touching each other. Hold for 20 to 60 seconds. Block Between the Thighs While standing‚ place a yoga block between the thighs as close to the pelvis as possible. Bring the feet as close together as possible and relax the inner thighs. Hold the pose for up to three minutes. This pose positions the legs in the opposite position of knock knees‚ bow-legged‚ which makes it therapeutic in correcting the original
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3.6 Revenue recognition with examples when goods are sold under sale or return There are cases when payments are received prior to events that trigger revenue recognition. In that case‚ cash is debited and the unearned revenue is credited. On the other hand‚ when revenue recognition is triggered before actual payment is received‚ accounts receivable is debited while revenue is credited (“Revenue Recognition Principle‚” 2013). Goods are sold under sale or return when they are “sent by the supplier
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IASB and FASB release revenue recognition exposure draft What is the issue? On June 24th‚ the FASB and IASB issued an exposure draft proposing a new revenue recognition model that could fundamentally alter the way entities across a variety of industries recognise revenue. The proposal is an output of the boards’ joint efforts to develop a converged revenue recognition standard based on the same principles. A key objective is to increase the consistency of revenue recognition for similar contracts
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Todays weather report for several inches’ of snow is an answer to student’s prayers. Correct Answer: Today’s weather report for several inches of snow is an answer to students’ prayers. Question 2 0 out of 2 points Which of the following does NOT need an apostrophe inserted or deleted? Answer Selected Answer: Her parents’ proud face’s were Bess’s best reward. Correct Answer: Her parents’ proud faces were Bess’ best reward. Question 3 2 out
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Riordan Manufacturing Revenue Cycle Accounting information systems provide the tools to operate and maintain important data related to an organization and interpret the information to develop quality financial reports. The revenue cycle of Riordan Manufacturing reflects sales and the components associated with sales such as inventory‚ freight‚ cost of goods sold and accounts receivable‚ yet this information is not readily available to each facility. Because the forecast for the company is positive
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peasant of his surplus produce (produce over and above the subsistence level) in the form of land revenue which was the main source of state’s income. Early British administrators regarded the land revenue as rent of the soil because they had a notion that the king was the owner of the land. Subsequent studies of Mughal India have shown that it was a tax on the crop and was thus different from the land revenue as conceived by the British. Abul Fazl in his Ain-i Akbari justifies the imposition of taxes
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Bureau of Internal Revenue (Philippines) The Bureau of Internal Revenue (Filipino: Kawanihan ng Rentas Internas‚ or BIR) is an attached agency of Department of Finance. BIR collects more than one-half of the total revenues of the government. Functions The powers and duties of the Bureau of Internal Revenue are: Assessment and collection of all internal revenue taxes‚ fees and charges; and enforcement of all forfeitures‚ penalties‚ and fines connected therewith‚ including the execution of judgments
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