b) If the trial balance can be ‘in balance’ and still have errors‚ give examples of the type of errors that can occur leaving the trial balance in balance. For example‚ if $523 is the correct amount to be entered for both credit and debit side but entered $532‚ trial balance will show the same amounts for both debit and credit side but contains error. In addition‚ reverse entries can cause trial balance to be in balance but still contains error. For example‚ instead of recording debit
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concept. b. monetary unit assumption. c. economic entity assumption. d. corporate form of ownership 2. All of the financial statements are for a period of time except the a. income statement. b. balance sheet c. owner’s equity statement. d. statement of cash flows 3. A trial balance will not balance if a. a journal entry is posted twice. b. a wrong amount is used in journalizing. c. incorrect account titles are used in journalizing. d. a journal entry is only partially posted. 4. In a service-type
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INTRODUCTION: Trial balance is a statement which shows debit balances and credit balances of all accounts in the ledger. Since‚ every debit should have a corresponding credit as per the rules of double entry system‚ the total of the debit balances and credit balances should tally (agree). In case‚ there is a difference‚ one has to check the correctness of the balances brought forward from the respective accounts. Trial balance can be prepared in any date provided accounts are balanced. DEFINITION
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ISSUE 4/ JULY 2013 ISSN 2286-4822‚ www.euacademic.org IMPACT FACTOR: 0.485 (GIF) Bangladesh’s Balance of Payments: an Econometric Analysis M. S. RAHMAN CHOWDHURY Department of Economics Jatiya Kabi Kazi Nazrul Islam University Trishal‚ Bangladesh Abstract: The study was conducted at the Department of Economics‚ University of Chittagong‚ Bangladesh between December 2010 and April 2011. Balance of payments plays the most important role in a country’s economy. As a developing country‚ Bangladesh
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impacting them with knowledge that they deem relevant and significant for them to better their lives and solve problems in their line of work. This paper will look at the contrasts between the two approaches‚ some of their principles and the best approach that can be used in the situation in question. Some of the contrasting issues about the approaches include the following. In pedagogy the leaner fully depend on the teacher and the teacher evaluates the learner and at most times dictates what the
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BUDGET BALANCE • Budget balance (savings by government) is defined by: where : tax revenues : government purchases of goods and services : value of government transfers • Recall that a positive budget balance is a budget surplus‚ and a negative budget balance is a budget deficit. • Effects of fiscal policies: o Expansionary fiscal policies (increased government purchases‚ higher government transfers‚ lower taxes) decrease the budget balance. o Contractionary
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SAMPLE BALANCE SHEET Most accounting balance sheets classify a company’s assets and liabilities into distinctive groupings such as Current Assets; Property‚ Plant‚ and Equipment; Current Liabilities; etc. These classifications make the balance sheet more useful. The following balance sheet example is a classified balance sheet. Sample Balance Sheet: Example Company Balance Sheet December 31‚ 2010 ASSETS | | | LIABILITIES | Current Assets | | | Current Liabilities | | | Cash
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Work Life Balance Course: Business Management Module: 1BM050 Managing People Section Instructor: Janet Astley Student name: Chung Ning Johnny‚ CHENG Student ID: 090006463 CONTENT Introduction………………………………………………………………...2 The concept and theory of work/life balance………………………………………….3 How important for an employees to have a good or poor work life balance……….....5 What organization do to improve work life balance of their employees……………...8 My Own Experience…………………………………………………………………
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LIFE BALANCE Table of Contents 1. Executive Summary 3 2. Introduction: Work Life Balance 3 3 Theories of Work Life Balance 4 i. Spill over theory 4 ii. Compensation Theory 4 iii. Strategic choice theory 4 iv. Stakeholder theory 5 v. Resource Based View 5 4. Work Life Balance Policies 6 5. Work life balance from an employee’s perspective 9 6. Work life balance from the employer’s perspective 10 7. Conclusion: Is Work life Balance achievable
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CHAPTER 3 BALANCE OF PAYMENTS SUGGESTED ANSWERS AND SOLUTIONS TO END-OF-CHAPTER QUESTIONS AND PROBLEMS QUESTIONS 1. Define the balance of payments. Answer: The balance of payments (BOP) can be defined as the statistical record of a country’s international transactions over a certain period of time presented in the form of double-entry bookkeeping. 2. Why would it be useful to examine a country’s balance of payments data? Answer: It would be useful to examine a country’s BOP for
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