A PROJECT REPORT ON CONSOLIDATED FINANCIAL STATEMENT SUBMITTED TO THE UNIVERSITY OF MUMBAI AS A PARTIAL REQUIREMENT FOR COMPLETING THE DEGREE OF M.COM (ACCOUNTS) SEMESTER I SUBJECT: ADVANCED FINANCIAL ACCOUNTING SUBMITTED BY: SHUBALAXMI.UMESH.SHETTY ROLL NO.: 47 UNDER THE GUIDANCE OF PROFESSOR DHANABALU.R.NAIKAR SIES COLLEGE OF COMMERCE AND ECONOMICS‚ PLOT NO. 71/72‚ SION MATUNGA
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inventory on account for $200‚000. Assets + Expense = Liabilities + Incomes Asset named Inventory created and Liability Vendor payable gets created 200000 + 0 = 200000 + 0 c Sold inventory for $200‚000. $75‚000 of the sales were for cash and $125‚000 were on account. The inventory sold had cost Stewart $120‚000. Assets + Expense = Liabilities + Incomes Asset named Cash Balance with get added with 75000‚ Asset named Account receivable
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Assessing Open Compute from a Business Perspective ABSTRACT The Open Compute(OCP) movement‚ which began when Facebook decided to design its own hardware as it scaled up its massive online infrastructure‚ applies the principles of Open Source software to hardware. As the Open Compute specifications gain traction in the enterprise‚ they are creating standards for a new class of affordable‚ open‚ and energy efficient servers. Financially‚ Open Compute technologies are potentially transformative. Standardized
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(1) 10-Mbps Ethernet‚ 10BASE5 (also known as thick ethernet or thicknet) was the original commercially available variant of Ethernet For its physical layer it used cable similar to RG-8/U coaxial cable but with extra braided shielding Disadvantages Adding new stations to network was complicated by the need to accurately pierce the cable. The cable was stiff and difficult to bend around corners. One improper connection could take down the whole network and finding the source of the trouble
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Network+ Guide to Networks‚ 6th Edition Chapter 1 Solutions Review Questions 1. Which of the following is an advantage of using a client/server network over using a peer-to-peer network? a. A client/server network is simpler to set up. b. A client/server network allows resources to be managed centrally. c. A client/server network does not require a network operating system. d. A client/server network is less expensive to set up. 2. What is the primary function of a file server on a client/server
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Uncollectible Accounts Acc281: Accounting Concepts for Health Care Professionals Charity Care and Bad Debit Hospitals usually count bad debit in the non-compensation costs but there is a question of whether or not it should be included. There is some gray area when it comes to the difference between bad debit and charity when it comes to the Health care environment. Bad debit that won are bills that people don ’t pay for whatever reason and there is a difference between those who won ’t pay
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explicit about what noncurrent liability and owners’ equity – that is‚ invested capital – accounts are affected by the transactions‚ but effects on assets (including cash) and current liabilities can be recorded in a single account‚”A&CL.” 20X0: The firm began as a partnership on January 10‚ with the equal partners‚ Able‚ Baker‚ and Cabot‚ each contributing $100‚000 capital. The accountant set up a capital account for each of the three partners. On April 1 the partners arranged with a bank a $100‚000
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AboutusDisplay). ING Vysya Bank ING Vysya Bank Ltd is a premier bank in the Indian private sector and member of the global financial giant ING. By the estimates of December 2010‚ ING ’s total assets exceeded 1247 billion euros‚ with an underlying net profit of 3893 million euros‚ employed around 105000 people‚ serve over 85 million customers‚ across 40 countries. Its mission is to become a leading‚ global‚ client-focused‚ innovative and low-cost provider of financial services through the distribution
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ACCOUNT BALANCES For many purposes‚ it is necessary to determine the balance in an account. This is accomplished by adding the debits‚ credits‚ and determining the difference between the two sums. An account is said to have a debit balance if the sum of the debit entries to that account exceeds the sum of the credit entries. Conversely‚ an account has a credit balance if the sum of the credit entries exceeds the sum of the debit entries. Asset accounts normally have debit balances inasmuch as
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Net present value In finance‚ the net present value (NPV) or net present worth (NPW) of a time series of cash flows‚ both incoming and outgoing‚ is defined as the sum of the present values (PVs) of the individual cash flows. In case when all future cash flows are incoming (such as coupons and principal of a bond) and the only outflow of cash is the purchase price‚ the NPV is simply the PV of future cash flows minus the purchase price (which is its own PV). NPV is a central tool in discounted cash
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