Classmates‚ According to (Oster‚ 2014)‚ "Percentage of receivables and percentage of sales are two accounting allowance methods used to reconcile customer accounts deemed noncollectable. When allowed by generally accepted accounting principles (GAAP)‚ these two strategies are preferred over direct write-off of bad debt expenses. Percentage of receivables and percentage of sales provide a business with the ability to accurately estimate the expected bad debt losses they will have in each succeeding
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8/2/2012 Objective of Lecture 2 CLASSIFICATION OF ACCOUNTS & ACCOUNTING EQUATION • By end of lecture 2‚ all students should be able to:(a) Understand the five categories of accounts and able to classify them into the respective categories (b) Understand the accounting equation and the relationship between assets‚ liabilities and owner’s equity. Classifications of accounts • • 1. 2. 3. 4. 5. An account is used to record all information regarding an item. The five major
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ACCOUNTING SUBSTANCE OVER FORM Substance over form is an accounting concept where the entity is accounting for items according to their substance and economic reality and not merely their legal form. It is one of the key determinants of reliable information. For most transactions there will be no difference and in some cases however‚ the two diverge and the choice of how to present the transactions can give very different results. This differences occurs when an asset or liability is not recognized
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and mouse‚ Tom and Jerry‚ are back in brand-new cartoons! It’s the classic look of the original shorts‚ but with all-new storylines. Watch Tom‚ Jerry‚ Spike‚ Tyke‚ Tuffy‚ Butch and other friends in new adventures around the house‚ and beyond! New settings include The Witches’ Cat‚ a creepy haunted house where Tom belongs to a pair of witch sisters; The Lab-Mouse‚ where Tom and Jerry get into secret formulas and wild experiments; and The Cat & Mouse Detectives‚ where Tom and Jerry join forces to solve
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101-00128 Oct 2014 Accounting Accounting is the recording‚ measurement‚ and interpretation of financial information (Business 286). This financial information is used to evaluate the organization’s operations. To carry out these interpretations of financial information a public or private accountant is able to do this. To become a public accountant you must earn your CPA (certified public accountant) by passing a test and means you are certified by the state in which you provide accounting services where
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Section A Under Case Study (Newspaper) HB Global 1. Types of audit opinion Qualified opinion * A qualified opinion report can result from a limitation on the scope of the audit or failure to follow generally accepted accounting principles Adverse opinion * It is used only when the auditor believes that the overall financial statements are so materiality misstated or misleading that they do not present fairly the financial position or results of operations and cash flows in conforming
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The character of Ben in Arthur Miller’s‚ Death Of A Salesman‚ functions as a catalyst to fuel the development of the main character‚ Willy Loman. Ben serves as the figure for which Willy subconsciously and consciously strives to be like throughout the play. Willy seems so obsessed with his brother’s success and the idea of living his brother’s life‚ that he loses control over his own life and reality. By exploring Ben’s character we can learn Willy’s personality and character‚ proving that Ben’s
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Social Mission in Ben and Jerry’s‚ and she had to face many issues concerning the mission statement of the company‚ such as political voice‚ employee morale and product development. It was hard for her to integrate the social beliefs of Ben and Jerry’s into the code of conduct of Unilever. • Employee Morale: Prior to the acquisition‚ employees of Ben and Jerry’s saw the company as a network of family and friends in which they were all fully involved and integrated. Ben and Jerry’s had
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Ben Carson: The Neurosurgeon Who Did the Impossible By: Jay Vaghela “You can do anything anyone else can do‚ except you can do it better”. This was what Ben Carson’s mom‚ Sonya Carson always used to say. This quote led to extraordinary things‚ including Ben Carsons success. Life was not so simple for Ben‚ living with anger problems‚ feeling lost and bullies in every school he went to. He still persevered and used his brain that god gave him to be the first to successfully separate
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Ben Finney is one of Salamanca Hiddle (main character) “friends”. Ben has black‚ black eyes. He also has dark short hair. Ben has long eyelashes that cast shadows over his face. Ben Finney is one of the main characters friends. He is one of her more peculiar friends. Sometimes‚ Ben says weird things‚ most of the time though he is very quiet. Ben Finney is an artist. He is often found drawing cartoon like characters. In the story Sal tries to kiss Ben‚ but he dodged it and called her weird.
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