Types of Receivables Accounts Receivable: amounts due from customers for sales on credit. Businesses sell to customers on credit in an attempt to increase their sales. Also called Trade Debtors. Bills Receivable: similar to accounts receivable but bills receivable are a legal instrument. Interest is charged on the bill receivable and it usually gives more time to pay than accounts receivable. interest receivable‚ rent receivable Accounts Receivable Recognition of accounts receivable Recorded
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Accounting Project SHAREHOLDER’S FUNDS Shareholders’ funds are the balance sheet value of the shareholders’ interest in a company. For company (as opposed to group) accounts it is simply all assets less all liabilities. For consolidated group accounts the value of minority interests should also be excluded. The addition of minority interests gives us “shareholders’ fund including minority interests”. A further adjustment gives us total equity. SHARE CAPITAL The capital collected by a joint
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Reflective Writing - some initial guidance for students. Jenny Moon‚ University of Exeter Introduction - reflection and reflective writing Reflection lies somewhere around the notion of learning and thinking. We reflect in order to learn something‚ or we learn as a result of reflecting. Reflective writing is the expression on paper/screen of some of the mental processes of reflection. Other forms of expressing reflection are in speech‚ in film‚ in graphic portrayal‚ music etc. The expression
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Student Reflective Practice Building Deeper Connections to Concepts Kathleen R. Murphy My classroom is quiet except for the light sounds of tapping keys on keyboards. There is an occasional rustle of papers as students pour through their labs searching for data and information. I move slowly through the rows of tables‚ looking over shoulders‚ commenting quietly on work‚ and answering a question here and there. Suddenly a student calls out‚ "Oh‚ I get it‚ Ms. Murphy! I just had an aha moment
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A PROJECT REPORT ON CONSOLIDATED FINANCIAL STATEMENT SUBMITTED TO THE UNIVERSITY OF MUMBAI AS A PARTIAL REQUIREMENT FOR COMPLETING THE DEGREE OF M.COM (ACCOUNTS) SEMESTER I SUBJECT: ADVANCED FINANCIAL ACCOUNTING SUBMITTED BY: SHUBALAXMI.UMESH.SHETTY ROLL NO.: 47 UNDER THE GUIDANCE OF PROFESSOR DHANABALU.R.NAIKAR SIES COLLEGE OF COMMERCE AND ECONOMICS‚ PLOT NO. 71/72‚ SION MATUNGA
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Task A Short answer questions Ai Using the table below‚ explain in your own words what each term means. Give one example from care practice to illustrate your explanations. Diversity: The concept of diversity encompasses acceptance and respect. It means understanding that each individual is unique‚ and recognizing our individual differences. These can be along the dimensions of race‚ ethnicity‚ gender‚ sexual orientation‚ socio-economic status‚ age‚ physical abilities‚ religious beliefs‚ political
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inventory on account for $200‚000. Assets + Expense = Liabilities + Incomes Asset named Inventory created and Liability Vendor payable gets created 200000 + 0 = 200000 + 0 c Sold inventory for $200‚000. $75‚000 of the sales were for cash and $125‚000 were on account. The inventory sold had cost Stewart $120‚000. Assets + Expense = Liabilities + Incomes Asset named Cash Balance with get added with 75000‚ Asset named Account receivable
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October 4‚ 2013 MGMT 303 Case Study WK 5 1. You ’re a senior manager at a growing business and you ’re ready to add employees. Your HR manager has recommended a temp-to-perm policy. You know the advantages of this approach‚ but what might be some of the disadvantages? The disadvantages are that every time a temp starts a new work assignment (no matter how skilled or unskilled) a certain amount of training is required in order for them to perform their assigned tasks to suit the specific needs
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UNIVERSITI UTARA MALAYSIA COLLEGE OF BUSINESS SESSION A131 ______________________________________________________________________________ COURSE CODE : BKAF3083 COURSE : ACCOUNTING THEORY AND PRACTICE PRE-REQUISITE : BKAF3073 FINANCIAL ACCOUNTING AND REPORTING IV 1.0 SYNOPSIS This course is an advanced level course focusing on financial accounting theory; and as such‚ it differs from other accounting courses learnt previously. It
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this topic. INTRODUCTION This internal assessment focuses on the impact of technology on accounting. Accounting is the systematic process of collecting‚ recording‚ classifying‚ analysing and communicating financial information. Traditionally‚ accounts were prepared manually using ledgers‚ cashbooks etc. However in recent years‚ technology has played an increasingly important role in accounting and has changed the accounting systems. This has brought with it solutions to previous problems associated
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