Instructions Indicate whether each of the procedures of internal control represents: (1) a strength or (2) a weakness. For each weakness‚ indicate why it exists and what procedures should be put into place to alleviate the risk. For each letter A through H you should have at least a one paragraph answer. a. The bank reconciliation is prepared by the cashier‚ who works under the supervision of the treasurer. I think that this would be weak internal control because you have someone that deals
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ACKNOWLEDGEMENT First of all‚ I would like to thank Almighty God for giving me the strength to do this SBA‚ Mrs. Clovetta Campbell and finally my Principles of Accounts teacher Ms. Williams who helped me along the way. AIMS OF THE BUSINESS The aim of the business is to achieve exposure of what goes on in the business world. The aim of this business is to also know how to prepare Accounting Ratios‚ how to operate a business and how to achieve customer satisfaction and to attain profit
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Program (Shen Zhen intake 2011) ACCT5100- Financial Accounting Foundations Sun Hung Kai 2006 Case Assignment- L6G3 Professor Name: Ping-Sheng Koh | Date of Submission: December 04‚ 2011 | 20023539 | Eric | Liu Yike | 20023838 | Harry | Zheng Jun | 20023735 | Jacky | Yan Chao | 20023541 | Janice | Luo Zhihang | 20023606 | Elfin | Tang Juanjuan | Sun Hung Kai 2006 Case Questions & Answer Question 1 a) Identify three accounts on the balance sheet of Sun Hung Kai that
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ACCOUNT BALANCES For many purposes‚ it is necessary to determine the balance in an account. This is accomplished by adding the debits‚ credits‚ and determining the difference between the two sums. An account is said to have a debit balance if the sum of the debit entries to that account exceeds the sum of the credit entries. Conversely‚ an account has a credit balance if the sum of the credit entries exceeds the sum of the debit entries. Asset accounts normally have debit balances inasmuch as
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I would like to thank all those who assist me in completing this project. I thank my family members who gave me the best encouragement throughout this exercise. Finally‚ special thanks to my teacher Miss Moulton who guide me throughout the completion of this project. The aims hoped to achieve are: 1) To allow for the application of accounting principles learnt. 2) To get a “hands on” experience in recording‚ analyzing‚ interpreting and communication accounting information. 3)
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Assignment A Q1.Explain process involved in opening demat a/c of any bank Ans. In India‚ shares and securities are held electronically in a Dematerialized (or "Demat") account‚ instead of the investor taking physical possession of certificates. A Dematerialized account is opened by the investor while registering with an investment broker (or sub-broker). The Dematerialized account number is quoted for all transactions to enable electronic settlements of trades to take place. Every shareholder
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Get a Checking Account You can’t get a loan without first having a checking. You need a checking account because lenders verify your income via your checking account. Don’t worry‚ though--there is a way to get a loan even if you have bad credit‚ but you have to start by getting a checking account. Did you abuse and then lose your previous checking account? Writing bad checks or repeatedly overdrawing your bank account can get you blacklisted on a system called "ChexSystems‚ which is the database
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interest‚ skills and personal qualities. YOUR CAREER RECOMMENDATIONS The following career recommendations have been based on the integration of your scores in the Interest‚ Aptitude and Personality tests. 1) Chartered Accountant A Chartered accountant is one who is specialized in accounting‚ auditing and taxation. He also serves as a management and corporate caretaker. In recent times‚ accountancy has become popular as a profession. The services of a CA is required in money matters even in a small
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Name : Ronesha Rosal Subject : Principles of Accounts Name of project : Study of accounting procedures of B+M School : Corpus Christi College School number : 160013 Candidate’s number : 160013 Teacher’s name : Ms. Valentine Date submitted : ACKNOWLEDGEMENTS I would like to take this time to thank Table of Contents INTRODUCTION AIMS ACCOUNTING CYCLE Source documents Subsidiary journals
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Reserve Bank of India‚ which was established on April 1‚ 1935. All the functions of RBI are performed under the guidance of Board for Financial Supervision (BSF). The primary objective of BFS is to take charge of the financial sector comprising commercial banks‚ financial institutions and non-banking finance companies (RBI‚ AboutusDisplay). ING Vysya Bank ING Vysya Bank Ltd is a premier bank in the Indian private sector and member of the global financial giant ING. By the estimates of December 2010‚ ING
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