Cash Discount on Sales Cash discount is the discount offered by seller for paying cash early. Cash discount is only offered on credit sales where the customers do not pay at the time of sale but promise to pay latter. There are two methods of accounting for sales that offer cash discounts; the gross method and the net method. These two methods are explained with the help of the following example: Example Suppose Company A sells certain goods at a price of $4‚400 with terms of payment
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Why I would go to Mars? There are a number of reasons to travel to Mars.. Mission to mars would be a fantastic adventure. Its like a dream. Imagine living on another planet‚ millions of miles from the Earth‚ looking up into sky and see that one of the stars is actually the planet where I born. It will be an amazing feeling of being the first human in history who leaves footprints on the mars. Its also experience for all those watching me‚ back home. I cant wait to seek new frontiers to explore.
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Introduction of cash budgeting Cash budget is a inputs and outputs of a business or a individual over a long period of time (e-conomic‚ 2013). A cash budgeting is relate to a organisation’s plan to plan ahead and to plan ahead of the future in a company. It usually expressed it as numbers of cash budgeting. The main objective of preparing cash budget is to ensure that the cash is sufficient for the purpose of capital or revenues expenditure. It is also to have cash in advanced in the case of shortage
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THE CASH REGISTER The modern cash register or till is made up of 4-5 parts. A cash drawer: Is usually located under the register and holds cash and receipts from transactions. A manual input: A keyboard with the regular qwerty or a custom input pad and a number pad to manually enter barcodes. A scanner: A scanner can be handheld or stationary and is used to scan barcodes which are then added to your bill. A display screen: The screen shows you all the items that you have scanned and their
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Petty Cash System Review (last 12 months) |Issue / Potential for Fraud |Fraud Rating |Date Incident Occurred |Notes | |No policy or procedures written up.|1 |Listed in the breakdowns below. |Many of the incidents or potential for fraud could be eliminated if there were documented | | | |
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cash Budget: A document (or electronic spreadsheet) that shows the timing of cash flows into and out of the company. Pro Forma Statements: A projected income statement (for the next several months) and balance sheet (at the end of the forecasted time period). The Cash Budget One of the major functions of corporate finance is to anticipate the need for funds in the company. Although there are several methods for forecasting these needs‚ the cash budget is the most accurate (and most commonly
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The train was late today and it was always early. Why was it late? The train was an apparatchik. The train always arrived at Chestnut Hill station at precisely 08:03am and departed five minutes later at 08:08am. It had arrived thirty-four seconds late. That meant they were running thirty-four seconds late. She stepped on first; followed by Amara and Annora Willowrider‚ then Margo Lilygrow‚ and finally Vulwin Heartgust and his obnoxiously large briefcase that took up a whole seat. She reached her
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Why would the southern states secede but not any other states? There were three main reasons that included issues of slavery‚ states’ rights‚ and other grievances like Lincoln’s election. Georgia‚ Texas‚ Mississippi‚ South Carolina‚ and Virginia were five out of the eleven states that wrote a “Declaration of Causes”‚ which explained why they seceded. Slavery was one of the more important causes of secession of the southern states. “The South with great unanimity declared her purpose to resist the
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Should politicians have a retirement age? - Times Of India http://articles.timesofindia.indiatimes.com/2004-02-29/all-that-matters... ADVERTISEMENT Sunday TOI Home Opinion City India Auto World Business Tech Sports Education Entertainment Polls Life & Style Women Hot on the Web Specials NRI Crest 2-Minute TOI The Times of India Advanced Search » Photos Times Now Videos LIVE TV ePaper Archives Blogs Science Environment Speak Out Sunday TOI Headlines Special
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Cash Management Cash Cycle Factors that influence the desired level of cash Optimal cash inventories Short-term investment strategies The Manager Managing an entity’s Resources Cash Management Inventory Management Working Capital Management Investment in Human Capital Long-term Assets Accounts Receivable Resource Decisions Investment Decisions Operating Decisions Human Resources Decisions Life cycle effects‚ Business cycle‚ public events‚ etc. Recruitment‚ Selection Training‚ Productivity
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