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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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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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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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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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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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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East is East is a comedy written by ayub kahn-din‚ it’s set in Salford‚ Manchester‚ the play is set during the 1970s‚ however‚ it was written in 1996. The play addresses the on-going conflict around the country along with the conflict in the Khan family. He loosely based it off his own family when he was growing up and how his dad pushed the Pakistani culture onto his kids well he wasn’t always sticking to his own culture. The types of conflicts that are shown in the play are inter cultural‚ interpersonal
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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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Demand Complementary Services Reservation Systems Differential Pricing Slide 11 of 29 New Services Realities Customer Empowerment Satisfying Employees Customer Co-production Slide 12 of 29 Root Cause of Customer Failure Slide 13 of 29 What Customers Want from Providers Knowledgeable employees Address needs on first contact Treat me like a valued customer 65% 64% 62% 54% 49% 49% 45% 43% 38% Demonstrates desire to meet my needs Can quickly access information Good value
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CHAPTER I Problem of the Study Introduction Education is the basic foundation of learning and studying. Without it mankind will be dull and unproductive. Every child has a right of formal education poor‚ middle class or rich. Currently the education of our country the Philippines faces numerous perils like lacking of skilled professional teachers; insufficient funding of school related projects like school supplies and classrooms‚ and the students lack of basic necessities due to
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