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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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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Discuss the importance of the Balance of Power with reference to the relevant theory in international relations. Introduction The concept of Balance of Power is a tenet of Realism that seeks to explain the formation of alliances in international relations. This is done in the context that Realism as a Theory argues that states as actors in the international system act out of self interest‚ need to survive in a hostile environment and to maximise profit. Balance of Power can be understood best
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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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The novel A Fine Balance‚ written by Rohinton Mistry‚ takes place in India in the mid-1970s when the government declares a “State of Internal Emergency”. A period of political turmoil and violence ensues‚ wreaking havoc onto all as they try to survive under new orders. During this time‚ four individual’s lives become intertwined in unimaginable ways as they each conquer problem after problem‚ relishing the smallest moments of bliss as they try to continue on. This relentless battle between hope and
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The Behavioural approach Classical conditioning- Pavlov’s dogs- Procedures and findings-Criticisms Classical conditioning is a technique used in behavioral training. A naturally occurring stimulus is paired with a response. Then‚ a previously neutral stimulus is paired with the naturally occurring stimulus. Eventually‚ the previously neutral stimulus comes to evoke the response without the presence of the naturally occurring stimulus. The two elements are then known as the conditioned stimulus and
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A balance sheet is a statement businesses produce that outlines their assets and liabilities. It is a snapshot of their fixed assets‚ current assets‚ current liabilities and long term liabilities for a specific moment in time such as the end of a financial year. Using these figures‚ a business is able to calculate their net working capital; how much the business is worth‚ whether it can afford to expand and if it is a good venture for investors. There are different groups of people who are interested
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