MAMITA’S CAFÉ & RESTAURANT Automated Bookkeeping System ALIGAN‚ Jeson BACOCO‚ Charmaine CALONGE‚ Arnie Lou GUERZON‚ Charie FLORESCA‚ Joan Accounting System and Design (TThS 4:00-6:50) CHAPTER I INTRODUCTION Background of the Study “Over the last few years‚ the world has become a smaller and more integrated place with technology that is leveling the playing field like never before.” – Ron Kind Fast‚ efficient and more reliable information has been the focus of many people at the
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Basic Bookkeeping - Assessment 1 Will Oliver 1. An example of daily financial records that you would have to maintain is any transaction (in monetry terms) made by an organisation which encompasses the cash and cash equivalant you receive or spend on any day. It is essential to keep separate evidence of each transaction. This evidence is called a source document i.e invoices‚ reciepts‚ cheques etc. Also‚ maintaining and updating your accounts receivable and accounts payable daily is another
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Q 1. Under the money premise of bookkeeping... Incomes are accounted for on the salary proclamation in the period in which the money is gotten from clients. Costs are accounted for on the pay explanation when the money is paid out. Under the accumulation premise of bookkeeping... Incomes are accounted for on the pay articulation when they are earned—which frequently happens before the money is gotten from the clients. Costs are accounted for on the salary explanation in the period when
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Accounting Accounting involves analysis of an organization’s accounts and fiscal trends to provide data to advise those in business to make accurate decisions and predictions based on the economy. Accountants maintain the financial records and record transactions of businesses‚ corporations and non-profit organizations‚ as well as governmental units. Entry Level Positions • • • • • • • Staff accountant Auditor/accountant Corporate accountant Actuary Governmental accountant Financial analyst Tax
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BOOKKEEPING NC III HEALTH‚ SOCIAL‚ AND OTHER COMMUNITY DEVELOPMENT SERVICES SECTOR Technical Education and Skills Development Authority East Service Road‚ South Superhighway‚ Taguig City TABLE OF CONTENTS HEALTH‚ SOCIAL AND OTHER COMMUNITY DEVELOPMENT SERVICES SECTOR BOOKKEEPING NC III Page No. SECTION 1 BOOKKEEPING NC III QUALIFICATION 1 SECTION 2 COMPETENCY STANDARDS 2 - 51 Basic Competencies Common Competencies Core Competencies 2 – 21 22 – 35 36 – 51 - BOOKKEEPING
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Solving the Mystery of Double Entry Bookkeeping – Warsono‐bin‐Hardono (swarsono@feb.ugm.ac.id) SOLVING THE MYSTERY OF DOUBLE ENTRY BOOKKEEPING 1 Sony Warsono-bin-Hardono Department of Accounting Faculty of Economics and Business Universitas Gadjah Mada Indonesia ABSTRACT Double-entry bookkeeping (DEB) has been shown to be reliable. The first documentation of its usage dates to 1494 and it has been used since then without any significant changes‚ despite more than half a millennium having passed. From time to time‚
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DOUBLE ENTRY BOOKKEEPING TEST – NOVEMBER 2008. TIME ALLOWED – 55 MINUTES. The following balances were taken from the ledger accounts of The Glass Gateway‚ a business run by Paul Symons‚ at 30th June 2008: £ Plant and machinery at cost 16 000 Vehicles at cost 15 000 Inventory at cost 5 400 Cash 450 Bank overdraft 3 950 Accounts payable – BG Wholessale 4 050 Accounts receivable – Headsup Limited 2 900 Capital account 18 278 Plant and machinery – accumulated depreciation
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ICB Level 2 Manual Bookkeeping and Accounts Suggested Answers to Assignment 1 Question 1 Question 2 Question 3 Question 4 B - £12‚000 - £2‚000 - £6‚000 + £4‚000 = £8‚000 B - £8‚000 - £90 - £300 = £7‚610 D - £12‚000 - £6‚000 + £4‚000 - £90 - £100 = £9‚810 A - We can assume that the machinery is not for resale‚ therefore‚ the Purchases account is £1‚200 too high. A - Discount received should be credited to discount received account and debited to the creditor’s personal account. B - £10‚000 - £6‚000
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we know that‚ double-entry bookkeeping system is established by Luca Pacioli. Without double-entry bookkeeping system‚ we cannot analyse the financial status of a business. ACCOUNTING EQUATION The foundation accounting equation is the relationship between assets‚ liabilities‚ and equity. It is a basic accounting equation used to balance all of the businesses account (Wikipedia 2017). For example‚ the double-entry bookkeeping system is a famous system in the accounting world. Most of the businesses
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ounting cycle Accounting Cycle The accounting cycle comprises of the cycle of accounting process. It begins with analysis of the transactions and ends with carrying forward the balances in balance sheet to the next accounting period. It produces numerous records‚ entries‚ documents‚ reports and statements. The most important output of accounting cycle is an enterprise’s financial statements. The following are the steps that summarises an accounting cycle. The accountant performs the steps
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