et for the first quarter: a. As of December 31‚ 2011 (the end of the prior quarter)‚ the company’s general ledger showed the following account balances: DEBIT CREDIT $ $ Cash 48‚000 Accounts receivable 224‚000 Finished goods Inventory (1000 units) 60‚000 Raw Materials inventory (500 units) 10‚000 Buildings and equipment (net) 370‚000 Accounts payable 93‚000 Capital stock 510‚000 Retained earnings 109‚000 712‚000 712‚000 b. ‐ Actual sales for December and budgeted sales for the next four months are as follows:
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1 Review of Chart of Accounts – Philippines Questions and Suggested Answers 1. In China GAAP‚ the bonds or stocks purchased are categorized as "Held-for-trading" or "Available for sale" or "Long term investment"‚ based on the purpose of purchase. Does Philippine GAAP have similar categorization? Philippine client want to separate the marketable securities to current or non-current‚ it means short or long term‚ right? Answer: The Philippine Financial Reporting Standards (PFRS) [based from International
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ABSTRACT The topic of this paper is The Meaning and Significance of The Creation Story. There are three main things that will be explains in this paper. The first point is the Meaning of the Creation Story in which will be divided into two categories. The Priestly Creation story and the Yawhist Creation Story‚ these categories will be elaborated accordingly to the background and the main purpose of their writings. The second point will be focus on the Significance of the Creation Story; it will
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CHAPTER I INTRODUCTION For greater accessibility to information and convenience‚ schools may provide a computerized student grades and account text inquiry system for the students. A student needs to be registered first under the school’s portal. Once a student is already registered‚ he or she will have an account in the portal. He will be provided with a user name and password which is related to the information in his registration and that can be used to access the school’s information. Through
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Improving Ramsville Accounts Payable Key Issues The key problem encountered by Ramsville is that 6.5% of the accounts payable (AP) are overdue‚ causing Ramsville’s relationships with their suppliers to deteriorate. In a few cases‚ it is impacting further shipment of parts‚ potentially causing Ramsville’s manufacturing plant to miss shipping due dates and negatively impacting customers. Ramsville’s irregular distribution of workers and the inefficient accounts payable process has
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There are a few real ways to hack into online accounts‚ and there are many fake ways you will see all over the internet. Most of these fake ways tell you something like “you need to send an email to account_recovery@yahoo.com your username/password in the subject line” which is some fake Yahoo account owned by some guy that just stole your password. So how does an average person like you hack an email account like Yahoo‚ Hotmail‚ or Gmail? I’ll outline some common myths and things that don’t
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Advanced Auditing Case Assignment 2.3 1. (a) When confirming year-end accounts receivable‚ auditors hope to accomplish the objective of obtaining evidence from third parties to evaluate the client’s assertions of year-end accounts receivable amounts. The client’s assertions that accounts receivable confirmation can effectively address are existence‚ rights‚ and valuation. (b) When performing year-end sales cutoff tests‚ auditors hope to accomplish the objective of obtaining evidence from third
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The Aztec Account of the Spanish Conquest of Mexico Miguel León-Portilla ’s book "The Broken Spears" Introduction Other resources: • Aztec Life • Mexica Culture • Mexica Medicine • Religion of the Modern Aztlan Movement • Religion of the Mexica & Bibliography • Major Deitites of the Mexica • Minor Deitites of the Mexica • Aztec Cannibalism: An Ecological Necessity? Path of the Conquest On November 8‚ 1519‚ the Spanish conquistadors first entered the great city of Mexico
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A SHORT ACCOUNT OF PSYCHO-ANALYSIS By Sigmund Freud I Psycho-analysis grew up in a narrowly-restricted field. At the outset‚ it had only a single aim - that of understanding something of the nature of what were known as the ’functionalę nervous diseases‚ with a view to overcoming the impotence which had so far characterized their medical treatment. The neurologists of that period had been brought up to have a high respect for chemico-physical and pathologicoanatomical facts; and they were latterly
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The Philippine System of National Accounts (PSNA) Net Factor Income from Abroad - Estimation Methodology Income Flow | Estimation Methodology at Current Prices | Estimation Methodology at Constant Price | | Preliminary | Revised | | Inflow | | | | Compensation | Total stock of OFW x average salary x average forex | same as preliminary but uses updated data | | Property Income | Investment income from BOP x average forex | same as preliminary but uses updated data | | Total
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