CHAPTER 2 DOUBLE ENTRY SYSTEM AND BALANCING OFF THE LEDGER OBJECTIVES. At the end of the chapter reader is expected to understand - what a double entry system is - peculiarity of double entry system in accounting. - how a transaction can be posted in order to adhere with double entry system. - what make up a ledger - how ledger can be balanced up. INTRODUTION To make a relevant disclosure of transaction in accounting sense‚ it is necessary to open up all the items affected by a transaction
Premium Double-entry bookkeeping system Bank Currency
nditions‚ in 2008‚ Best Buy Co. asked its employees toseparate from the company on voluntary basis (ecoustics‚ 2008). This strategy allowed thecompany to settle down in the market to some extent. By the end of fiscal year 2008‚ its revenueshowed remarkable stability and consistency proving the decision of cutting down work forcewas right (ecoustics‚ 2008).Corporate partnership with C P W has helped the company to perform better in the adverseconditions of the economy and markets. Early this year
Premium Best Buy
Provide a summary in your own words of the article you have been requested to read and analyze in the following space. This means you should focus on identifying what the author states as the objective of the paper. Then summarise how the objectives were achieved. The article starts by criticizing other measures of performance as designed to measure specific employee task with workload indicators. The balanced scorecard is a performance management tool with four perspectives. These are; financial
Premium Balanced scorecard Management Strategic management
Current Balance PHY 114 10/29/2013 Abstract: The purpose of this experiment was to understand the current balance‚ current balance is an apparatus that allows measurement of the small force between two current carrying conductors. It consists of two parallel horizontal bars‚ which are connected in series. The current flows in opposite directions in the two conductors so there is a repulsive force between them‚ by Newton’s third law there are equal and opposite forces on both wires. In the
Premium Magnetic field Mass Force
Water Balance of Berkeley‚ California and Terre Haute‚ Indiana Johnny L. Luckett Excelsior College Abstract This paper discovers the water budget for Berkeley‚ California in comparison to Terre Haute‚ Indiana. The two cities precipitation differs throughout the twelve month calendar year where many of the heavy precipitation months are totally opposite. Berkeley California’s winters‚ where the majority of rain occurs and Terre Haute‚ Indiana where the rainfall is observed as
Premium Precipitation Water Climate
Threat of Entry Significant economies of scale the price of laptops has come down in recent years and the prices of some printers are more expensive than others that are smaller! Part of the reason for this is that there is a different degree of technology involved in the production of some of these products and‚ in addition‚ it is not likely that they will be produced in the quantities that will allow the benefits of economies of scale to manifest themselves. With most multinational corporations
Premium Personal computer Computer Laptop
THE IMPORTANCE OF BALANCE DIET Good health is fundamental to leading a full and active life and getting the right nutrition is an important step towards good health. Diet consists of the food a person eats which provides energy and nourishment to live and enjoy life. Everyone needs a well balanced diet including plenty of roughage and fluids‚ enough of the various vitamins and minerals‚appropriate proportions of proteins‚ carbohydrates and fats and an appropriate number of calories for size
Premium Nutrition
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 of
Premium Depreciation Generally Accepted Accounting Principles Balance sheet
CAE Writing A Competition Entry Look at this question from part 2 of the CAE Writing paper. You see this competition in an English language magazine. If you really want to learn English you should get a job in an English-speaking country‚ speak to the people and travel around. Do you agree with this opinion? Give us your reasons why or why not. The best answer will win a ticket to London. Write your competition entry (220-260 words) As a first step‚ you need to make a plan‚ in which you
Premium English language Second language Learning
Sacred Balance‚ David Suzuki has attempted to overcome the doom fatigue’ so his ideas of conservation and environmental management do not become the monotonous endeavours of intimidation that many environmentalists employ. The extensive use of diagrams‚ quotes‚ anecdotes and statistics are utilised to create a holistic portrayal of our dependence on the environment‚ thus reinforcing Suzuki’s attitude that society needs to treat the planet as though it were sacred. While The Sacred Balance reveals
Premium Water