Chapter II Review of Related Literature and Related Studies Related Literature Accounts receivable describes the amount of cash‚ goods‚ or services owed to a business by a client or customer. The manner‚ in which the collection of outstanding bills is handled‚ especially in a small business‚ can be a pivotal factor in determining a company’s profitability. Getting the sale is the first step of the cash flow process‚ but all the sales in the world are of little use if monetary compensation is
Premium Accounts receivable
I will use the example of Australia to illustrate my opinion. Australia is a country that has had a current account deficit for over 50 years. Furthermore‚ forecasts on this current account deficit tend to show that if there is no increase of international competitiveness and decrease of reliance of overseas capital goods‚ the situation will keep on getting worse. Nevertheless‚ if a multinational company wants to invest in a country that tends to have a current account deficit‚ it must bear in
Premium Balance of trade Macroeconomics International economics
Statistics‚ Economics‚ Engineering‚ and many other subjects. The following are the balances in the accounts for Joan Miller Advertising Agency as of January 31‚ 2001: Cash Accounts Receivable Fees Receivable Art Supplies Office Supplies Prepaid Rent Prepaid Insurance Art Equipment Accumulated Depreciation‚ Art eq. Office Equipment Accumulated Depreciation – Office Eq. Accounts Payable Unearned Art Fees Wages Payable Joan Miller‚ Capital Totals Debit Credit $1‚720 2
Premium Accounts receivable Generally Accepted Accounting Principles Accounting software
On September 1‚ the balance of the Accounts Receivable control account in the general ledger of Montgomery Company was $10‚960. The customers’ subsidiary ledger contained account balances as follows: Hurley $1‚440‚ Andino $2‚640‚ Fowler $2‚060 and Sogard $4‚820. At the end of September‚ the various journals contained the following information. Sales journal: Sales to Sogard $800‚ to Hurley $1‚260‚ to Giambi $1‚330‚ and to Fowler $1‚600. Cash receipts journal: Cash received from Fowler $1‚310‚ from
Premium General ledger Accounts receivable
1 Review of Chart of Accounts – Philippines Questions and Suggested Answers 1. In China GAAP‚ the bonds or stocks purchased are categorized as "Held-for-trading" or "Available for sale" or "Long term investment"‚ based on the purpose of purchase. Does Philippine GAAP have similar categorization? Philippine client want to separate the marketable securities to current or non-current‚ it means short or long term‚ right? Answer: The Philippine Financial Reporting Standards (PFRS) [based from International
Premium Balance sheet Generally Accepted Accounting Principles
The mythological accounts of the founding of Rome are: Aeneas as Founder of Rome: The Trojan prince Aeneas is sometimes credited with the founding of Rome as the culmination of his post-Trojan War adventures‚ but the version of the Roman foundation myth that is most familiar is that of Romulus‚ the first king of Rome. Birth of Romulus and Remus Romulus and Remus were twin brothers‚ the sons of a virgin named Rhea Silvia ( also called Ilia) and the god Mars‚ according to legend. The grandfather
Premium Roman Empire Ancient Rome Greek mythology
ASM 34 Reflective Account There was a time when I went to administer the night medication to customer X and realised that he was heavily under the influence of alcohol. Me and my colleagues had noticed that he had been consuming brandy all day. In addition staff had been seen purchasing 2 bottles of brandy by one of my colleagues. Customer X was taking the following medication which was recorded in the MAR chart: Citalopram 20mg tablets – one tablet daily (morning) Citalopram 10mg tablets
Premium Pharmacology Sodium chloride Chlorine
children Introduction During my third placement‚ I worked at a nursery and children’s centre. I was based in a baby room with children aged 0-2 years old. Although I was based in the baby room I often helped out in the 2-3 room if it was busy and I was needed. In the baby room there were always three level 3 qualified early years’ practitioners. This was the same in the 2-3 room plus a support practitioner. All the children in the baby and 2-3 room had an individual learning plans; this helped
Premium Sleep Meal
following transactions were completed during April. (a) General Journal J1 |Date | |Account Titles and Explanation | |Ref. | |Debit | |Credit | |Apr. 4 | |Merchandise Inventory | |120 | | 840 | | | | | |Accounts Payable | |201 | |
Premium Accounts receivable Accounts payable Accounting software
Assignment 304 Principles for implementing duty of care in health ‚ social care or children’s and young people’s settings Task B Reflective Account BI – Describe two situations which demonstrate a conflict or dilemma between exercising a duty of care and the rights of an individual Conflict and dilemmas may arise between the duty of care and individuals rights could be staff having a difference of opinion over an service user for example a staff member believing that they have seen signs of
Premium Risk management Risk Hazard