Principles Of Accounts May/June 2007 SECTION 1 Answer ALL questions in this section. 1.(a) List THREE distinguishing features of a partnership concern. (3 marks) (b) Skerritt and Cymbal are in Partnership sharing profits and losses in the ratio of their capital balances. The following balances were left over in their books after the preparation of the Trading and Profit and Loss Account on September 30‚ 2006. Capital Accounts: Skerritt $30 000 Cymbal $40 000 Current Accounts: Skerritt
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ECO-2 No. of Printed Pages : 7 BACHELOR’S DEGREE PROGRAMME Term-End Examination December‚ 2012 ELECTIVE COURSE : COMMERCE ECO-2 : ACCOUNTANCY-I Maximum Marks : 50 Time : 2 Hours Note : Attempt any four questions‚ including question no. 1 which is compulsory. 1. Answer any two of the following : (a) 7+7 Distinguish between Income and Expenditure Account and Receipts and Payments Account. (b) What do you mean by invoice price ? Give reasons for consigning the goods
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Anna Freud – An Heir to Psychoanalysis Heredity and Environment Anna Freud‚ daughter of famed psychologist Sigmund Freud and his wife‚ Martha Freud‚ was born in Vienna on December 3‚ 1865 as the youngest of six children. Anna was born the same year her father revealed the meaning of dreams‚ which became the foundation for his version of psychoanalysis (Sicherman‚1990). Named after one of her father’s favorite patients‚ Anna’s birth made her a twin with Freud’s unveiling of psychoanalysis. As
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Name: ____________ Date: ______________________________________________________________________________ □ EXERCISE 31 1. What are the two groups whose results are reflected by the t ratios in Tables 2 and 3? The two groups with results on the effects on cardiovascular risk factors and the programs effective on health behavior have paid t-ratios 2. Which t ratio in Table 2 represents the greatest relative or standardized difference between the pretest
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|$600 F | |C) |$1‚614 F |$600 U | |D) |$1‚614 F |$600 F | Use the following to answer questions 3 and 4: Stench Foods Company uses a standard cost system to collect costs related to the production of its garlic flavored yogurt. The garlic (materials) standards for each container of yogurt produced are 0.8 ounces of crushed garlic at a standard
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BUSINESS ACCOUNTING INDIVIDUAL ASSIGNMENT Question 1 Tycoon makes and sells 600 toy cars per month. Each toy car is sold for RM40 each. Tycoon is currently producing at 60% of its full capacity. At this level of output‚ the total costs are RM22‚000 of which RM10‚000 are fixed. Required: a) Calculate the followings: • contribution margin per unit and ratio • breakeven in sales units and in sales value • Sales value in RM required to achieve $18‚000 profit
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Disclosures (12-Hours) 3/8/13 11:45 PM CHAPTER FOUR - FINANCING & CREDIT DISCLOSURES Chapter 4 Quiz NAME: Lisa Torres PIN: CRE120421 State Average Congratulations‚ you have passed this Chapter Quiz. Your score was 80% (8 correct out of 10 questions). We recommend that you retake the quiz until you receive a score of 100%. Use the button at the bottom of this page to retake the quiz or click the NEXT button to proceed to the next chapter. Your Grade 86/100 Chapter 4 of 4 83/100 1:
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SEMESTER 3 INDIAN INSTITUTE OF MANAGEMENTAND ENGINEERING CORPORATE LAWS $ SECRETARIAL PRACTICE PART 1 MARKS 80 Attempt any Four Q1 (A) How are the first directors of the company appointed? (B) What is the notice period required for a board meeting? Q2 (A) Can a company appoint managing director and manager simultaneously? (B) Is company allowed to appoint a part-time secretary instead of a Whole-time Secretary? Q3 (A) Who can fix the remuneration of auditors under
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AIS Attacks and Failures: Who to Blame ACC564 2/17/13 Professor Ridilla AIS Attacks and Failures: Who to Blame Accounting information systems is a computer based database that stores‚ collects‚ and processes the financial data of the organization. The AIS system is then backed up by the organizations centralized database. When the AIS system is attacked by outside sources the responsibility falls to the organization if the proper controls are not in place but if the
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An accounting information system (AIS) is the system of records a business keeps to maintain its accounting system. This includes the purchase‚ sales‚ and other financial processes of the business. The purpose of an AIS is to accumulate data and provide decision makers (investors‚ creditors‚ and managers) with information to make decision While this was previously a paper-based process‚ most modern businesses now use accounting software such as UBS‚ MYOB etc. Information System personnel need basic
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