profit and unappropriated profit. what is the accumulated profit and why do accountants and bookkeepers use different names for the same thing? (6 marks) Accumulated profits is profits that are not paid as dividend but is transfered over to the accounts for the next year. Also can be used to reinvest in the core of the business to help pay off debts or to purchase a capital asset. The reasons why accountants and bookkeepers use different names for the same thing is because bookkeepers are the people
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Fixtures and fittings $000 $000 250 100 350 Current Assets Stock Debtors Cash Current Liabilities Creditors for supplies Accruals Bank 1540 820 3 2363 1210 192 203 1605 758 1108 25 910 Share capital – Ordinary shares Retained profits Loan accounts – Bracket Racket 104 69 173 1108 The company accountant resigned at the beginning of April 2002 and proper records were not kept for the six-month period 1 April to 30 September 2002. The following information is available for that six-month period
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Transactions Show Journal entries to record the following transactions. Post them into appropriate Ledger Accounts and then extract a Trial Balance on 31st December‚ 2012: 2012 Jan 1st: Commenced business with cash Rs 1‚00‚000. Jan 10th: Bought office equipment worth Rs 40‚000. Jan 25th: Purchased goods worth Rs 25‚000; less 10% trade dis. on credit from Rahul. Feb 4th: Purchased office stationary worth Rs 500. Feb 9th: Paid premium for fire insurance Rs 5‚000 Feb 20th: Sold goods on
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UNIVERSITI UTARA MALAYSIA UUM COLLEGEOF BUSINESS SCHOOL OF ACCOUNTANCY COURSE CODE : BKAL1013 COURSE : BUSINESS ACCOUNTING PRE-REQUISITE : NONE 1.0 COURSE SYNOPSIS This course is designed specifically for students from non-accounting disciplines. It is divided into two sections‚ i.e. financial accounting and management accounting. Students will be exposed to accounting concepts‚ principles and assumptions. They would be able to assess
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Megan Galganski English 321 October 4‚ 2014 A debate has risen over the past ten years‚ questioning the fact of doctors over diagnosing ADHD medication to children and adults. Attention deficit disorder is a range of behavioral disorders occurring in children and adults‚ including such symptoms as poor concentration‚ hyperactivity‚ and impulsivity to say the least. There has been an alarming increase of diagnosis and treatment for attention deficit disorder‚ this has people writing articles
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the Center of Disease Control‚ the percent of people using at least one prescription drug in the past month increased nearly 50 percent between 2007 and 2010 (“Public Citizen”). There are many reasons for this increase. First‚ many prescription medications are now being advertised through direct marketing on television commercials or in magazines. Many people see these commercials and decide that they have the symptoms described and are then sucked into the fake reality that they have a problem when
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9-793-035 REV: JULY 26‚ 2005 STEPHEN P. BRADLEY Crown Cork & Seal in 1989 John F. Connelly‚ Crown Cork & Seal’s ailing octogenarian chairman‚ stepped down and appointed his long-time disciple‚ William J. Avery‚ chief executive officer of the Philadelphia can manufacturer in May 1989. Avery had been president of Crown Cork & Seal since 1981‚ but had spent the duration of his career in Connelly’s shadow. As Crown’s new CEO‚ Avery planned to review Connelly’s long-followed strategy in light
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used in the manner in which they are intended when they are prescribed. Anti-Anxiety medications such as Xanax and Vallium are the most commonly abused medications‚ along with pain killers such as Hydrocodone‚ Roxycodone‚ Oxycodone and Oxycontin. Even medications that are being prescribed for ADHD‚ most commonly Adderall‚ are being abused by people that do not actually have ADHD. The effect of taking this medication is the same as methamphetamines. “Estimations of nearly 20 percent of people in the
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Controversy of Medication Lynnette Sharrer AED/222 June 12‚ 2011 Professor Miller Sellner A highly controversial issue that impacts society is the overmedication for children diagnosed with ADHD (Attention Deficit Hyperactivity Disorder) and EDB (Emotional and Behavioral Disabilities). A major concern of overmedicating for ADHD is that there may be a significant over-identification of students with this disorder. The rapid growth of the OHI category over the past decade (a growth of almost
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Individual Assignment Introduction to Financial Accounting (ACC106) Mega Lawa Trading is a sole proprietorship business owned by Milah Mela. Transactions below are the business activities for the month of December 2013. Date Transaction Effects of Transaction Principles of Double Entry 1 Started a business with a cash at bank for RM 15‚000 and cash in hand for RM 10‚000 3 Purchased machinery on credit from Happy Machine Supplies amounted to RM 90‚000 4 Bought inventories
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