Method d) None of the above 2. Capital A/c is a _______ A/c. a) Personal b) Real c) Nominal d) None 3. Cash A/c is a ________ A/c. a) Personal b) Real c) Nominal d) None 4. Which is not only a subsidiary book‚ but also a principal book? a) Cash book b) Sales book c) Purchase book d) Bills receivable book 5. The principle “Debit the receiver and credit the giver” is related to_____ a) Personal a/c b) Real a/c c) Nominal a/c d) None 6. If shares are forfeited‚ Share Capital a/c is debited with ________
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Week 1‚ DQ 1: How would you describe the entries to record the disposition of accounts receivables? What is their function? Since the majority of US thrive on the use of credit cards‚ the accounts receivables for a company may no longer be on a cash-to-cash basis. A company may need to sell these accounts to other companies who specialize in handling accounts receivables if they need cash more quickly or if it would be too costly to perform the necessary billing to collect on the account. The
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The financial world was rocked by accounting scandals in the late 1990s and early 2000s. Companies such as Enron‚ Global Crossing and Tyco International collapsed under the weight of fraud and destroyed investor confidence in corporate accounting. But the biggest collapse was that of WorldCom. In 1983 Bernie Ebbers and several other people invested in a newly formed company in Clinton‚ Mississippi called Long Distance Discount Services‚ Inc. (LDDS). LDDS was a provider of long distance telephone
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change and sales volumes will fluctuate. This is a certainty. Yet in order to maintain and initiate operations a forecast of how much things will change is necessary. Thus financial information – on costs‚ environmental factors‚ expenses‚ units‚ capital‚ revenue‚ variance etc is brought together to provide a picture which relates directly to operations – its planning and function. Properly conceived budgeting can mean the difference between a general drift that might (or more likely will not) lead
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Case study on WorldCom THE WORLDCOM FRAUD:- Presented By: Pratik WorldCom’s Background • Awoke the sleeping giant by leading the telecom industry into profitability in the 90’s. • During the 1990’s‚ WorldCom was deeply involved in acquisitions and completed several “mega-deals” • Purchased over 60 firms in 2nd half of the 90’s • WorldCom moved into Internet and data traffic • Handled 50% of US Internet traffic • Handled 50% of e-mails worldwide WorldCom’s Background (cont.) • Purchased MCI for
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financial management and budgeting. The definition of a budget is a detailed financial plan. The nurse manager/leader is responsible in knowing and understanding the different types and budgets within the healthcare organization: operating‚ capital expenditure‚ and cash. The operating budget is the main budget the nurse manager/leader maintains an active role in for the healthcare organization by controlling personnel and supply costs. Collaboration with the nursing staff on the unit as well as
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FIN 441 Assignment 1: Airbus Case Write a report on the Airbus A3XX. In 750 to 1600 words‚ address the following questions: 1. Why is Airbus interested in building the A3XX—what are the favorable characteristics of the plane and what would be likely benefits to Airbus? 2. A. How many aircraft does Airbus need to sell each year in order to break even (in NPV) on this investment? The assigned assumptions for this calculation are described at the end of the assignment. B. Where
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How To Pick The Best Telecom Stocks Share Disqus 0 The telecom industry can quickly change from one year to the next. There can be several years in which it is a safe‚ reliable investment haven with a dependable customer base and steady‚ reliable revenue and profit streams; a couple of years later the industry could see an upheaval as it responds to technological innovation‚ regulatory changes‚ intensifying competition and merger and acquisition activity. As a result of this industry’s
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mainframe. But the technical know-how for maintaining mainframes was becoming rare. The next step for IT was Cloud Computing which is more like outsourcing of Software and Hardware infrastructure of a company thus moving it from a capital expenditure to a revenue expenditure. Cloud service providers by the virtue of economies of scale and continuous investment in infrastructure could over a cost advantage (as per Moore’s Law). The firm used steps like CA Technologies MVP to transfer knowledge to new
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operating expenses in FY10‚ management focused on network consolidation in FY11 which helped contain operating expenses (flat yoy). We believe the benefits of measures in FY11 will continue to flow through in FY12F. Management is not keen on cutting expenditure at the cost of future growth and intends to gradually invest in expansion (subject to periodic market reviews). Unlike ICICI Prudential and SBI Life‚ we believe HDFC Life will have to keep tabs on expenses to contain opex growth below 5% over FY12-14F
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