(Also known as "T" Account and Account) Having passed the double or journal entries‚ the next step is to post these double or journal entries into Ledger accounts. Ledger account or an account is simply the classification of double entries which we have made in General Journal or any other journal. In an account we bring together all similar entries in one place. For example a company has purchased goods on 4th and 7th January‚ we would put both entries in purchases account because of their similar
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gorilla for the very first time‚ it is unlikely that zoos would ever again be put on the defensive. Of course‚ in our society when someone mentions the word "zoo" there are people who will immediately voice their negative opinions that zoos should be closed down as it is similar to a prison for animals‚ for the sheer benefit of an unappreciative audience. Nothing could be further from the truth. Animals in zoos live enriched lives: they are fit and healthy‚ able to breed and raise their young. Zoos are
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ACCOUNTING COMPETENCY EXAM SAMPLE EXAM 1. The accounting process does not include: a. b. c. 2. d. e. labor unions all of the above statement of owner’s equity income statement balance sheet d. e. both b and c all of the above This account does not appear on the income statement: a. b. c. 6. lenders prospective owners customers Expenses can be found in the: a. b. c. 5. balance sheet balance sheet and journals balance sheet and income statement
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SWOT analysis of Microsoft This is a Microsoft Corporation SWOT analysis for 2013. For more information on how to do SWOT analysis please refer to our article. Company background Name | Microsoft Corporation | Industries served | Computer software‚ Electronics | Geographic areas served | Worldwide | Headquarters | U.S. | Current CEO | Steve Ballmer | Revenue | $ 73.72 billion (2012) | Profit | $ 16.97 billion (2012) | Employees | 94‚000 (2012) | Main Competitors | Apple Inc
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EXAMINATION SEMESTER II ACADEMIC SESSION 2012-2013 MASTER IN BUSINESS ADMINISTRATION EXECUTIVE APRIL 2013 DURATION: 3 HOUR COURSE CODE : ZCZA 6213 COURSE TITLE : ACCOUNTING FOR DECISION MAKING INSTRUCTIONS : 1. There are FOUR (4) questions. 2. Answer ALL questions in the provided answer booklet. 3. Total marks are 100. This paper consists of 6 printed pages excluding this cover page 0 QUESTION 1 (25 MARKS) La Diva Dress Shop produces custom
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Schools should be closed on Wednesday Afternoons by Alannah Cia I believe that schools should be closed every single Wednesday afternoon‚ for many valid reasons. Students will have the ability to study or use this time for homework‚ which will assist in the process of consistent learning. Maintenance of a school is extremely important and necessary if student continuing attendance is desired; this is why having a day off will provide a great benefit. An opportunity for time will allow students
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although the explanation for why is incorrect. No adjustment. For the second bullet point‚ the $44‚000 of goods should not have been included in ending inventory since the goods were shipped FOB destination. Subtract $44‚000. For the third bullet point‚ ending inventory should not include goods held on consignment from another company. Subtract $15‚000. The information in the fourth bullet point was handled correctly. No adjustment. $215‚000 - $44‚000 - $15‚000 = $156‚000. 4- A company has net sales
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English 4 Honors March 1‚ 2011 Isaac Awesomov Entropy is a measure of the unavailable energy in a closed thermodynamic system that is also usually considered to be a measure of the system ’s disorder‚ that is a property of the system ’s state‚ and that varies directly with any reversible change in heat in the system and inversely with the temperature of the system (Webster). Entropy is a fundamental aspect of not only physics and its relation to thermodynamics‚ but also to biology and cognition
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Remembering the Past After Adoption Introduction of Open and Closed Adoption Adoption is the social and emotional process in which children‚ who will not be raised by their birth parents‚ become full and permanent legal members of another family. Also while maintaining genetic connections to their birth family. Open adoption is when birthmothers or birthparents have adoptive families have an interaction with one another including the adopted child. The interaction of the adoptive child with
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depreciation on: premises 5 000 fixtures and fittings 6 000 Debtors 17 500 Creditors 8 500 Bank 8 000 For the month of March the following summarised transactions occurred: • Credit sales of £28 000 were invoiced to customers. • Debtors paid cheques for £24 300 after being allowed £250 discount for prompt settlement. • Additional fixtures and fittings were purchased for £4 000 on credit. • Operating expenses of £4 750 were paid by cheque. • Design
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