accounting coursework 1. Explain the similarities between non-current assets and current assets? (3 marks) Similarities: Acquired by a business to gain profit or chances of investment Both current and non-current assets are recorded on the balance sheet Differences Current assets are intended for consumption of sale realised during a year Current assets is used for trading or transactions Current assest have direct results of the profit gained in the business such as bank balance Non-current
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BANK ACCOUNT: A bank account is a financial account which tells you details or records of all the financial transactions that occurs between bank and the customer and also the financial state of the customer after that. There is a process of opening an account which is as follow: 1. The Type of Bank Account which you wish to open: There are following types of accounts like fixed deposit account‚ saving account and the current account. You choose any of them according to your need. 2. Approach
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the first and subsequent Kudlers retail stores. An accounting system is very important to a business because the company needs to know how the business is doing; you want to have professional looking financial statements for your bank‚ potential vendors‚ or other interested parties. An account system is also important to process sales‚ purchase orders‚ invoices‚ payroll‚ and other business functions manually. The accounting system must be scalable‚ secure and gather data feed from other
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Centre Number Candidate Number Name CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Advanced Subsidiary Level and Advanced Level ACCOUNTING Paper 2 Structured Questions 9706/02 May/June 2003 1 hour 30 minutes Candidates answer on the Question Paper. No Additional Materials are required. READ THESE INSTRUCTIONS FIRST Write your Centre number‚ candidate number and name on all the work you hand in. Write in dark blue or black pen in the spaces provided on the Question Paper
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Sample Paper I Time 3 hrs www.indiaeducation.net M.M-80 Q1. Q2. Q3. Q4. Q5. Q6. Part A Why should a new partner contribute towards Goodwill on his admission? List any two contents of a partner ship deed? Can a company issue a share having face value of Rs 10 at Rs 8 Give two examples of ‘Capital receipts’. Give two circumstances in which sacrificing ratio may be applied (1) (1) (1). (1) (1) Show how you would deal with the following items in the final accounts of a club: (3) Debit credit
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communication‚ role of the public relations strategist role‚ Triple Bottom Line‚ non-financial goals‚ environmental monitoring‚ ROI This paper is based on the Master’s dissertation (MTech Public Relations Management) of Lynne Niemann. The supervisor was Benita Steyn. 1 INSTITUTIONALISING THE STRATEGIC ROLE OF CORPORATE COMMUNICATION THROUGH ITS CONTRIBUTION TO ENTERPRISE STRATEGY AND ENTERPRISE GOVERNANCE 1. INTRODUCTION In the new business paradigm with its focus on social‚ environmental
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Theory of Accounts 1. The fundamental qualitative characteristic of faithful representation has the components of a. Predictive value and confirmatory value b. Comparability‚ consistency‚ and confirmatory value c. Understandability‚ predictive value‚ and reliability d. Completeness‚ neutrality‚ and freedom from error 2. The amount reported as “Cash” on a company’s balance sheet normally should exclude a. Postdated checks that are payable to the company b. Cash in a payroll account c. Undelivered
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business. This may be on account of a number of reasons like defects in goods‚ quality not matching the requirement for which the buyer purchased it‚ the buyer not needing the stock‚ etc. This happens both in case of goods purchased as well as goods sold by the organisation. Where the goods sold are being returned we call it "Sales Returns" and where goods purchased are being returned we call it "Purchase Returns" The transactions of return of goods are also accounting transactions and have to
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Accounting Assignment -1 Question1: What is Whole Foods Market’s strategy for success in the marketplace? Does the company rely primarily on a customer intimacy‚ operational excellence‚ or product leadership customer value proposition? What evidence supports your conclusion? Answer1: Whole Foods Market’s strategy for success in the marketplace seems to be product leadership. Evidence of this can be seen throughout the documents. The first boldface heading in the company’s Declaration of Interdependence
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CHAPTER.4 STUDIES MYTHOLOGY OF AIS FIELD STUDY OF BAHRAIN BANKING SECTOR Study sample: Dear sir/madam I appreciate your cooperation and support of my research by answering questionnaire. I will use the information for the research purposes only‚ and all information will be confidential. This research evaluates the reliability of Accounting Information Systems in Bahrain banking sector by using system trust (Sys Trust). Trust Services (including WebTrust® and SysTrust®) are defined
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