communication of financial information. There are 7 basis steps of accounting cycle which comprise of source documents‚ prima entry‚ ledger‚ draft trial balances & financial statement‚ adjustments‚ adjusted trial balance & financial statement and closing entries. At first source documents‚ are things like invoice‚ credit note‚ debit note‚ cash bill‚ payment voucher‚ official receipt‚ cheque counterfoil and memo. All this document are related to financial transaction of the organization. The source
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considerable economic specialization‚ ranked societies that sometimes included slavery‚ chiefdoms dominated by powerful clan leaders or “big men” and extensive storage of food. Agricultural Village Societies: The Igbo and the Iroquois Igbo Society – East of the Niger River‚ in the heavily forested region of W. Africa. Rejected kingship and state-building efforts of their neighbors. “the Igbo have no kings” – relied on other institutions to maintain social cohesion beyond the level of the village:
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UNIVERSITI UTARA MALAYSIA UUM COLLEGEOF BUSINESS SCHOOL OF ACCOUNTANCY COURSE CODE : BKAL1013 COURSE : BUSINESS ACCOUNTING PRE-REQUISITE : NONE 1.0 COURSE SYNOPSIS This course is designed specifically for students from non-accounting disciplines. It is divided into two sections‚ i.e. financial accounting and management accounting. Students will be exposed to accounting concepts‚ principles and assumptions. They would be able to assess
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Chapter 11.2 Notes 1. The Beginning of Settlement Guiding Question: What encouraged settlers to move west to the Great Plains? * The Great Plains is a vast region of prairie roughly was of the Mississippi River and east of the Rocky Mountains. * Settlers faced many challenges with the weather * In this dry grassland‚ trees naturally grew only by the rivers and streams. * To get water they often had to drill wells more than 100 feet deep * Eventually this land turned into
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Project 88A Buyers Closing Statement ON LINE Closing Date is April 27th of this year Sale price is $300‚000. Buyer is financing 70% of the purchase price. This is the loan amount. Earnest money (already paid) is $30‚000 Title search fee is $500 to Loan (mortgage) origination fee is 1% (of loan amount) Buyers loan is at 6% . Compute buyer daily interest charges from day of closing through the end of the month of April. Title insurance is $600 Homeowners (hazard) insurance for buyer will
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Why are accounts important To begin by why accounts are important‚ a person should first know what accounts actually mean. Accounts are financial records of an organization that register all financial transactions‚ and must be kept at its principal office or place of business. The purpose of these records is to enable anyone to appraise the organization’s current financial position with reasonable accuracy. Firms present their annual accounts in two main parts: the balance sheet‚ and the income
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According to our textbook the closing process serves a dual purpose 1. The temporary accounts (revenues‚ expenses‚ gains and losses) are reduced to zero balances‚ ready to measure activity in the upcoming accounting period‚ and 2. These temporary accounts are closed (transferred) to retained earnings to reflect changes that have occurred during that accounting period. (Spiceland p. 79). There are three times during an accounting period when a company should perform a closing process‚ daily‚ monthly and
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to work on your project rather than wait until Week 6. The subject of the project may be based on any Case from any chapter assigned in this course. Examples are Case 10.3- Montgomery v. English on page 175 and Case 14.2- Page v. Gulf Coast Motors on page 111. Choose the case you wish to research and then do the following: Read and understand the case. Show your Analysis and Reasoning and make it clear you understand the material. Be sure to use the concepts of the course to show your reasoning.
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Defence Closing Statement Members of the Jury‚ you have now heard all of the evidence in this case which I would like to take this opportunity to remind you of. My client ‚ Mr Chris Howells‚ is accused of ASSAULT OCCASIONING ACTUAL BODILY HARM contrary to section 47 of the Offences Against the Person Act 1861. The first witness you heard from today was one of two doorpersons at the Xplode night club‚ Billie Evans‚ who was present on the night of the 10th February 2012. This witness admitted to
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CHAPTER 13 CURRENT LIABILITIES AND CONTINGENCIES IFRS questions are available at the end of this chapter. TRUE-FALSE—Conceptual Answer No. Description F 1. Zero-interest-bearing note payable. F 2. Dividends in arrears. T 3. Examples of unearned revenues. T 4. Reporting discount on Notes Payable. F 5. Currently maturing long-term debt. F 6. Excluding short-term debt refinanced. T 7. Accounting for sales tax collected. F 8. Accounting for sick pay. T 9. Social security
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