To get an understanding and feel of the process of accounting‚ let us go through an example of an organisations accounting consisting of a few transactions during an accounting period. Following are the transactions relating to M/s Trinity Foods‚ over an accounting period from 1st June 2005 to 30th June 2006. ▪ Started business with Capital Tk. 1‚00‚000 ▪ Paid into Bank Tk. 10‚000 ▪ Bought Furniture and paid cash Tk. 25‚000 ▪ Bought goods for cash Tk. 50‚000 ▪ Bought
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CHAPTER 5 Merchandising Operations ASSIGNMENT CLASSIFICATION TABLE | | | | |Brief | | | |A | |B | |Study Objectives | |Questions | |Exercises | |Exercises | |Problems | |Problems | | | | | | | | | |
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HUMBER COLLEGE THE BUSINESS SCHOOL ACT 103- FINANCIAL ACCOUNTING I ACCOUNTING CYCLE ASSIGNMENT – INDIVIDUAL GRADE VALUE DUE DATE: OCTOBER 2013 EACH STUDENT IS REQUIRED TO SUBMIT THE HARD COPY (TYPED) OF THE ASSIGNMENT AT THE BEGINNING OF THE CLASS. DAUE DATE IS NOT NEGOTIABLE. PRACTICE SET – (YOUR NAME) ACCOUNTING SERVICES Service Business Accounting Cycle Assume that you are starting a new business‚ (YOUR NAME) Accounting Services‚ with a new partner‚ Harry Fowl. Harry has had some
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TUTORIAL 8 & 9 Solutions (Company Accounts (Part 2)) Q1. 7% Redeemable PS [300000*80%] 240‚000 Premium on redemption [240000*0.2] 48‚000 Bank [240000*1.2] 288‚000 Share Premium 48‚000 Premium on redemption 48‚000 Retained Earnings 240‚000 Capital redemption reserve 240‚000 Q2. Gembira Bhd Statement of Comprehensive Income for the year ended 30 September 2010 RM’000 RM’000 Revenue 5‚200 Ccost of sales (W1)
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- $15 - $15 Bal. $17‚985$3‚000$3‚000 $18‚000 - $15 5-9 - $4‚400$4‚400 Bal $13‚585$7‚400$3‚000 $18‚000 -$15 5-10 $ 100$ 100 Bal$13‚585$7‚500$3‚100 $18‚000 -$15 5-15 - $ 125- $125 Bal$13‚460$7‚500$3‚100 $18‚000 - $140 5-17 $ 1‚800$1‚800 Bal$15‚260$7‚500$3‚100 $18‚000$1‚660 5-24 $1‚200$1‚200 Bal$15‚660 $1‚200$7‚500$3‚100 $18‚000$2‚860 5-29 $ 600 - $600 Bal $15‚860 $ 600$7‚500$3
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Chapter 3 continued... Every acct on adj trial bal is used only once in creating first 3 financial stmts. Point of closing is to bring RE up to date - in doing that‚ we zero out temp accts. 4 kinds of closing entries: 1) close out Revenue - debit Rev CR Income Summ (normal credit bal) (only exists long enough for closing entries) - companies may be closing hundreds of rev or exp accts 2) close out Expense accts - list every single acct DR Income Summ CR Exp accts 3) DR Income Summ
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transfers • Bank charges • Dishonoured cheques. Bal. as per bank statement 875 Deduct Unpresented cheques 256 Credit transfers 56 Add Uncleared lodgements 115 Balance as per cash book 678 Bal. as per cash book 678 Add Unpresented cheques 256 Credit transfers 56 Less Lodgements not yet cleared 115 Bal. as per bank statement 875 Cash at
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7/22/2013 ACCT 90004 Accounting for Decision Making Brad Potter Room 7.064‚ 198 Berkeley Street Tel: 8344 4989 bnpotter@unimelb.edu.au 1 1 7/22/2013 Subject Overview Introduction • This subject provides a broad introduction to the accounting process‚ accounting information systems and the language of accounting. • It is designed to enable you to become an informed preparer and user of accounting information. • Successfully completing this subject will also assist you
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Tilak Wijesundara International Journal of Communicology 2011;1(1) Indian Mass Media: A Sociological Analysis Tilak Wijesundara School of Sociology‚ Wuhan University‚ Wuhan 430072‚ Hubei‚ People‟s Republic of China. Department of Sociology‚ University of Ruhuna‚ Matara‚ Sri Lanka E-mail: wtilak@gmail.com Abstract: Mass media is often linked to the word „communication‟ which generally refers to an exchange of information and messages. Mass media which involves in Newspapers‚ Radio‚ Television
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2. Keep a separate set of clothes for puja: (a) a dhotiyu or lengo (b) a gatariyu or jhabho 3. Sit facing north or east. These are both auspicious directions. 4. Do tilak of sandalwood paste and red chandlo of kumkum on the forehead; use only sandalwood paste for tilak-chandlo on the chest and upper arms. (Girls should do chandlo on the forehead only) 5. Preferably sit in padmasan or a simple cross-legged posture. Close eyes and meditate on Bhagwan and
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