applications are received. When applications are received‚ two accounts are introduced. Cash Trust and Application. The cash trust account is where the application money goes into when applications are received. It is put in a cash trust account rather than a cash account because the company does not legally own the money until shares are allotted or returned money if it was oversubscribed. Therefore the money must be kept in a separate bank account. Applications can be oversuscriped or undersubscribed.
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Statement of Academic integrity on page 2 of this exam. Question Marks 1 Cash Flow Statement /12 2 Statement of Financial Position /20 3 Statement of Changes in Equity /14 4 Revenue Recognition /14 5 Accounts Receivables /12 5 Notes Receivables /8 TOTAL /80 1 Statement of Academic Integrity The Telfer School of Management does not condone academic fraud‚ an act by a student that may result in a false academic evaluation of that
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Profit and loss accounts‚ balance sheets Profit and loss accounts‚ balance sheets Two of the most important financial statements for a business are the Profit and Loss Account‚ and the Balance Sheet. The Profit and Loss Account shows the profit or loss of a business over a given period of time e.g. 3 months‚ 1 year‚ etc. In contrast‚ the Balance Sheet is like a photograph taken at an instant in time giving a picture of what the business owns and what the business owes at that moment in time
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Accounting for Hospitality 2011 M6 Assignment 2 – Business Performance Review DEBI MARCHAND CONTENTS: 3.1) Source and structure of the trial balance PAGE: 3 3.2) Evaluation of a range of business accounts‚ adjustments and notes 3.3) Process and purpose of budgetary control TO 3.4) Calculation of variances with suggestions for appropriate future management action PAGE: 7 4.1) Calculation and analysis of ratios and consistent
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2012 Prepared for (name of supervisor): Time spent on this opinion: What type of opinion (select options)? Accounting Standards applied: Query or issue: Whether the debit-balance account “Cash Discounts” in the Statement of Comprehensive Income should be treated the same way as the “Trade Discounts” account. Background and pertinent facts: Trade discount is allowed by the supplier of the goods to the purchaser when he buys from the supplier in bulk quantities. The purchaser is accountable for
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millions) dated Dec. 31‚ 2011. B. What were the accounts receivable (net) for Coca-Cola and PepsiCo at the end of 2011? Which Company reports the greater allowances for doubtful accounts (amount and percentage of gross receivable) at the end of 2011? 1. The accounts receivable (net) for Coca-Cola as of Dec. 31‚ 2011 are unknown. Coca-Cola did not provide either a Balance Sheet or the balance on this account on their 2011 annual report. 2. The accounts receivable (net) for PepsiCo‚ including notes
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since there are other expenses that need to be changed. For example in the income statement‚ the operating expenses will not have an adjustment‚ and that includes; research and development‚ sales and marketing‚ and general and administrative these accounts will stay constant because only the revenues increase by 20 percent. However‚ if revenue increases 20 percent‚ the cost of revenues also increases by 20 percent due to the fact that cost of revenue is the cost to make the revenue. The cost of revenue
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or by a donor agency or when otherwise necessitated by circumstances subject to prior approval of the Commission. Wednesday‚ March 6‚ 13 Chart of Accounts and Account Codes • A new chart of accounts and code structure with a three-digit account numbering system shall be adopted. Wednesday‚ March 6‚ 13 Books of Accounts • All national agencies shall maintain two sets of books‚ namely: • Regular Agency (RA) Books. • National Government (NG) Books. Wednesday‚ March 6
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Distribution Company is how to distinguish from the marginal accounts the difference between good creditors and bad creditors. Especially we show how the difference between creditors can be utilized in practice by the credit representatives. For this we provide clear guidelines. The option of extending the Morse Photo Company’s $ 1000 credit line is used as test case for these purposes. To distinguish customers we divide the accounts to different categories. There are two important points of views
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Skills My belief is every child should have the opportunity to achieve their potential so I am passionate about making sure this objective is potentially a reality. Consequential of spending years amongst children as a mum and aunt‚ one of my greatest attributes is the ability to adapt my practice to suit the various stages of human development. This was evident within my placements where I had no problem engaging with‚ and forming and maintaining appropriate relationships with families and children
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