First of all‚ according to Vinod (2008 -2013) books of prime entry are books where transactions are first recorded. These may or may not be part of the double system. These are not accounts; they are simply books that record details of transactions. Books of prime entry are also known as books of original entry / subsidiary book/ daybooks among others. In any organization where company’s buy and sell goods‚ will need to divide the journal into subsidiary books. And they are as follows: Sales book
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Autistic Disorder Rosalinda Berglette Keiser University Dr. Peter Borghese Introduction to Psychology September 13 2014 There are many different health problems that we are clueless about‚ and one of them is Autism. Autism has been around for a long time‚ but it is very hard to differentiate if it is a disorder or disease. This paper is research paper about Autism and how effective it can be in your life. Having someone with Autism in your family is a heart breaking sickness
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(1.) Issue Identification - Identify two specific issues on which Gretchen Weirob and Sam Miller disagree‚ explaining what the main points of disagreement between them are for each issue (2 paragraphs‚ one paragraph for each disagreement). Weirob disagrees with Miller. Weirob does not believe that someone can survive after death. Weirob wonders how is it possible for someone to survive‚ if they are considered to be dead and their bodies are decayed? She says that someone who is dead‚ no
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LiYan Mao Anthropology 2202 Instructor: Lisa Beiswenger 11/16/13 Expressive culture: behaviors and beliefs related to art‚ leisure and play. Art and culture: Art is the application of imagination‚ skill and style to matter‚ movement‚ and sound that goes beyond the purely practical. Western fine art: rare‚ expensive art produced by artists trained in the western classical tradition. Esthetics: refers to socially accepted notion of quality. Ethno-esthetics: culturally specific definition
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Session 5 1. The institutional variations in ethical standards‚ CSR and sustainability issues. Matten and Moon (2008)’s framework Corporate governance refers to the system of structures‚ rights‚ duties‚ and obligations by which corporations are directed and controlled. The governance structure specifies the distribution of rights and responsibilities among different participants in the corporation (such as the board of directors‚ managers‚ shareholders‚ creditors‚ auditors‚ regulators‚ and
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Adjusting Entries – Examples Let’s work with some examples. We are working with a one year accounting period that ends on 12/31/X2. Let’s use a three step process. Step 1 – Analyze the transaction. Step 2 – Record in the journal. Step 3 – Post to the ledger. Example 1: On 12/31/X2 (before the adjusting process)‚ Supplies‚ an asset‚ has a balance of $2‚500. Employees take a physical account of the supplies on hand. That physical count reveals that $1‚200 of supplies remains. Step 1 ‐‐ The balance
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Sallie Brown October 17‚ 2010 HIS108 Fall Bi-term Columbus Journal Introduction: On Friday the 3rd of August ____________________________________________________________ ___________________________________1492‚ Christopher Columbus created and made his 1st ____________________________________________________________ ________________journal entry as he set sail on his voyage. This journal was intended for the prince of the Indies. The prince gave him orders to keep track of the
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Checkpoint: Subsidiary Ledgers and Special Journals The advantages of using the four different special journals are you are able to post the total in the journal that it corresponds to one time at the end of the month. You are also able to have different people or departments handle the journal that pertains to them. By doing it this way‚ the accounting department will have better controls and there will be no conflicting responsibilities. The cash receipts journal is used when you have a debit to cash
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What are the major advantages of the use of books of prime entry? There are many major advantages of using prime entry for varying entries. The first advantage is that it helps to keep the records briefly as it is difficult to manage every single transaction in the main ledger as it occurs. Another advantage of using prime entry of accounting makes it easy to follow transactions and avoids the confusion occur if all of the different information was in one place. The separated information saves the
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Adjusting Entries Yvenie Desire ACCT205-1203A-11 June 9‚ 2012 Adjusting Entries Welcome to the company and as an accounting clerk for the department you will be working a lot with the accounting department and with me. I will be mentoring you on certain aspect of accounting and what needs to be done. First we’ll get started with why adjusting entries are necessary. “Adjusting entries ensures that the correct amount of revenues and expenses are recorded in a specified time period.” (Editorial
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