Q i) Expalin in detail five basic accounts along with their types and examples Five basic Acounts 1. Assets 2. Liabilities 3. Capital/Owner Equity 4. Revenue/Income 5. Expenses Assets Assets are the resources owened by a business and are expected to give benefit for future operation Example: If you buy a land and it will give benefit in the future operation then it is your asset . if the land which you buy And in future you have to sell only then this is not your asset. If you built
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Student Name: Professor Name: Class Name: Date: A Brief Analysis of “The First Account of Creation” The myth “The First Account of Creation” describes the story presented in the Biblical book of Genesis‚ in which God creates the world (sky‚ water‚ land) and everything in the world‚ including plants‚ animals‚ and people. The myth is focused on several key ideas‚ primarily that God is the creator of everything and is responsible for dictating what his creation can do in order to survive (multiply;
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AIMS OF THE PROJECT The aims of this S.B.A project are: 1) It gives Full Corporation and decision making among students so they can be involved in the actual operation of a small business. 2) It gives students great experience in recording‚ analyzing‚ interpreting and communication accounting information. Page 2 LIST OF TRANSACTIONS 1ST TRANSACTION: 2013 September 1 – The business commenced with following assets and liabilities: Cash - $10000 Bank - $30000 Motor Van - $6000
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Controls for Outflows ACC/544 November 12‚ 2012 Controls for Outflows Small‚ midsized‚ and large businesses need effective controls to ensure that the business has the lowest risk rate possible. The lower the risk‚ the less likely that fraud would occur. In this analysis‚ Learning Team B will provide a proposal for appropriate controls to cover cash‚ sales‚ accounts receivable‚ inventory‚ and production. The team will discuss some prevention techniques to reduce these risks and make recommendations
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Reflective Account On an occasion at work I was aware of a staff member communicating very negatively‚ for example sighing and tutting and general negativity. Supervision was due so it was brought into meeting that last had concerned had noticed a change in the person’s general attitude‚ I asked if there was a specific reason and was told there was not. Although they agreed that they were being negative. We discussed the workload and it was decided it was not that. It was mentioned by the staff
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in systems and processes The systems we use at Ashcott house to promotes equality‚ diversity and inclusion are policies and procedures QA audits Management regulation 10 audits In house management audits‚ reviews‚ evaluations of support plans. Team meetings and supervisions Assessments‚ support plans and risk assessment. interviews Ideally all assessments and “my plans” should be completed and discussed with the individual‚ to provide a sense of control over their own care and to be included in
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DEFINITION A branch of economics concerned with resource allocation as well as resource management‚ acquisition and investment. Simply‚ finance deals with matters related to money and the markets. To raise money through the issuance and sale of debt and or equity MEANING OF FINANCE ------------------------------------------------- Finance is the study of how investors allocate their assets over time under conditions of certainty and uncertainty. A key point in finance‚ which affects
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CHAPTER 1 Introduction to Exchange Server 2007 E -mail communications and the messaging systems that support their transport and storage‚ which started as small simplistic text messages stored on electronic post offices with nominal storage capabilities and limited client functionality‚ have grown and changed over the last 20 years. They have evolved into complex messaging and collaboration systems with e-mail data storage architectures that can scale into terabytes and beyond‚ and with
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of firms’ external financial accounting reports. The goal of this course is to introduce you to the principles of financial accounting and familiarize you with the financial statements. You will learn how to read‚ understand and use published financial statements for decision‐making. To accomplish this goal‚ we will develop the fundamentals of each topic‚ understand the implications of those fundamentals through examples and integrate the topic into the framewor
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Reflective Account At the start of December the teacher asked me to design a display which embodied the spirit of the Nativity Story. The display was to be situated on the board above the pegs where the children hang their coats. It was to be put here so that it can be instantly noticed by parents/carers‚ the children and all visitors to the classroom. I drew up a display in rough to show to the teacher to give her an idea of how the display would look. She approved and I began to start it
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