capital/equity. (b) Prepare a tabular analysis of the transactions using the following account titles: Cash‚ Accounts receivable‚ Prepaid rent‚ Supplies‚ Delivery van‚ Truck‚ Accounts payable‚ Y’s capital. Problem # 2 On June 01 2004 Mr. Tanim started an accounting consultancy agency. The following transactions took place in the month of June: 01: Invested tk. 20‚000 as capital in the business. 04: Hired a personal secretary at a monthly salary of tk. 4‚000. 06: Purchased supplies for tk
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ACC2CAD COST ACCOUNTING AND DECISION MAKING SEMESTER 1‚ 2011 MINI CASE STUDY 1 DISCLOSURE OF CONFIDENTIAL INFORMATION; ETHICS Page 1 Recommendation Page.3 Executive summary Page.4 Introduction Page.5 Analysis Page.6 Recommendations and conclusion Page.7 Appendix 1 – Code of Ethics for Professional Accountants Page.8 References Page.9 Page 2 Recommendation Erin should notify Smart Worx of the postponement
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Cost Accounting - Chapter 1 1. Flexibility is said to be the hallmark of modern management accounting‚ whereas standardization and consistency describe financial accounting. Explain why the focus of those two accounting systems differs. Financial accounting is more about the bigger picture—it evaluates the finances of the organization as a whole‚ using historical‚ quantitative‚ monetary‚ and factual data. It is more formal and requires the use of GAAP. The information financial accounting
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facilities. 1.2 Background of the Report: Bangladesh Bank undertook a project to review the global best practices in the banking sector and examines in the possibility of introducing these in the banking industry of Bangladesh. Four ’Focus Groups’ were formed with participation from Nationalized Commercial Banks‚ Private Commercial Banks & Foreign Banks with representatives from the Bangladesh Bank as team coordinators to look into the practices of the best performing banks both at home and
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Recommendations 16 References 17 Executive Summary James Hardie Industries Ltd. is an industrial building materials company headquartered in the Netherlands‚ specializing in fibre cement products. James Hardie is a leader in the manufacturing and development of technologies‚ materials and manufacturing processes of durable
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Industry Information: Identifying Environmental Factors: In analyzing the business environment of DBH a clear distinction is made between internal and external environmental factors. Internal Environment: The internal environment of an organization consists of the conditions and forces that exist within the organization. Business can make changes in these factors according to the change in the functioning of enterprise. It includes various internal factors such as resources‚ owners/shareholders
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Assignment On Human Resource Management Topics Name: HR practices in Robi Axiata Limited Prepared By Noman Siddique Contract No:01832946262 Submitted by : INNOVATiVE Member’s Name of Innovative Group | ID NO. | NOMAN SIDDIQUE | 158 | JANNAT REHANA | 152 | TRISHA BHOWMIK | 154 | MAISHA RAHMAN | 157 | NAZNIN HOQUE | 172 | YASMIN KHANOM | 208 | Section – C‚ Batch – (XI) DEPARTMENT OF Business Administration Dhaka City College‚ Dhaka Date of submission 8th
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Question 1 0 out of 1 points If the opening balance of equity is $45‚000‚ the closing balance is $60‚000 and profit is $27‚000‚ calculate the amount of dividends paid which will appear as a financing outflow in the statement of cash flows. Answer Selected Answer: Nil. Correct Answer: $12‚000. Question 2 1 out of 1 points If ’other expenses’ in the profit and loss report is $32‚000 including $8‚000 of depreciation‚ accrued ’other expenses’ at the beginning
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Cost Accounting: In a broad aspects‚ Cost Accounting is a method of accounting in which all costs incurred in carrying out an activity or accomplishing a purpose are collected‚ classified‚ and recorded. This data is then summarized and analyzed to arrive at a selling price‚ or to determine where savings are possible. So Cost Accounting consists of the identification‚ measurement‚ collection‚ analysis‚ preparation‚ and communication of financial information For example‚ calculating the cost of product
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CHAPTER 1 INTRODUCTION TO COST ACCOUNTING QUESTIONS 1. Management accounting stresses the informational needs of internal users over those of external users (the focus of financial accounting). Because of this perspective‚ management accounting provides information in a format that is flexible and relevant to a particular manager‟s usage. Financial accounting‚ on the other hand‚ must provide some uniformity in the manner in which information is presented for it to be comparable among companies and
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