Q. How Will You treat ‘ packing expenses on sales’ in final accounts? Ans. It is an indirect expense‚ therefore‚ it should be shown in the Profit & Loss Account. Adjustments at a Glance Sl No. Adjustments Adjustment Entries Treatment in Final Accounts 1. Closing Stock Closing Stock A/c Dr. To Trading A/c a. Credit side of Trading A/c. b. Show on the assets side of B/S 2. Outstanding or unpaid expenses Expenses A/c Dr. To Outstanding exp. a. Add to the
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question Question text The effect on the accounting equation of the business buying a computer worth $900‚ paying $450 cash and owing $450 to be paid in 30 days’ time is: Select one: a. decrease the asset computers‚ increase the asset cash‚ decrease the liability accounts payable. b. increase the asset computers‚ increase the asset cash‚ decrease the liability accounts payable. c. increase the asset computers‚ decrease the asset cash‚ increase the liability accounts payable. d. increase the asset computers
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A01 Profit and loss account: A profit and loss account calculates the amount of gross and net profit that a business takes on an annual basis; it also outlines the loss which has occurred through the business‚ through necessary overheads. There are many aspects included within a profit and loss account‚ all of which I am going to briefly explain. It is important to have a profit and loss account within a business to enforce correct usage of the money. The company will be able to see where the business
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1.1 Why are managers needed in an organization? What is their main goal? Well‚ congratulations on completing the first block of this course – Strategy. We can think on Strategy as a high level plan for achieving firm’s goals under conditions of uncertainty and continuous change. Now‚ what is the connection between Strategy and Management? It is simply the firm’s goals. The role of management is to move and guide firm toward goal accomplishment. During the Strategy block‚ we learned that every company
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Why should life be valued At some point in your life did you ever love your life so much then later on you hated it? Well that is life and it’s the circle it can happen to everybody! So that’s why i’m going to tell you why life should be valued. There are many different reasons life should be valued. I’ll give you some examples‚ there are people that care for you and there is many great things to do in this world and you should value that. It is your choice really but if you choose not to your life
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to find out the real reason. He disappeared‚ you wonder why; you felt heart broken and then after awhile you move on. Isn’t it only polite for a man to let the woman know why that he is just not that into her and decided to stop seeing her? Theoretically speaking yes‚ but from his point of view‚ how awkward would it be for him if he tells you his real reason and intentions in person … That’s basically his thoughts on the issue and the real reason why he decides to disappear without giving any explanation
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Explain Why the Liberal Government introduced reforms affecting children in the years 1906-1908 (12) In the years 1906-08 the Liberal Government at that time introduced reforms that affected the children at the time; including the Children Act in 1908 that made parental neglect illegal‚ Education Act in 1906 that made free school meals available. There were a number of reasons at this time as to why these acts were introduced including fear of the Labour Party growth‚ the reports published
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Matthew Smith Week 2 You Decide Assignment Accounts Receivable Crisis 09/05/11 Instructor: Eric Oestman Class: HS543 I. INTRODUCTION: After conducting a meeting with the medical staff‚ various clinical departments‚ Health Information Management‚ and Business office personnel regarding Accounts Receivable issues within our facility‚ it was determined that many different areas of concern needed to be addressed. This includes problems with patient admission and registration procedures
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There are Chinese said‚’ As you sow‚ so shall you reap.’ For me‚ in these 5 years besides academic I sow leadership. And now‚ I reap a lot. Because I am interested in financial management‚ I am studying in economics and BAFS. Therefore‚ this makes me grapping all the chance that can help me in improving the ability of studying management in the future. I got nutrient in house. I was a house committee for 2 years. I lead my house members for 2 years. In sports day I am the leader to lead them
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I am sure there are hundreds of other high school seniors that also have the same career choice as me‚ but what sets us apart is the passion behind said goal. So‚ instead of telling you what I am going to do‚ I am going to explain why I want to do it. My passion has always been focused around children. What I have wanted to be when I grow up has changed‚ and my idea of a future career might continue to change‚ but one thing will always remain the same; my future career involves the betterment of
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