Accounting Basics f or S t u d e n t s Ba sic a ccou nting le ss ons an d qu es tio ns fo r high s cho ol a nd c ollege s tude nts By Michael Celender Accounting Basics for Students Copyright © 2010 Michael Celender. All Rights Reserved. No part of this publication may be reproduced or transmitted in any form or by any means‚ including but not limited to digital copying and printing‚ without the express written permission of the author. The author‚ Michael Celender‚ has made his best effort
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detriment of general creditors". Discuss and examine the reasoning in the case. One of the principle aims of insolvency law is to provide an equal‚ fair and orderly procedure in handling the affairs of insolvents ensuring that creditors receive an equal and equitable distribution of the assets of the debtor. This is the pari passu (equal sharing) principle‚ which is generally regarded as being the foremost principle of insolvency law. The rule operates to ensure that creditors of the same priority
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of money should be conducted in accordance with the principles of Islamic Sha’riah whereas according to Ustaz Hj Zaharuddin (2007) stated that conventional bank operates based on debtor-creditor relationships. For example‚ it is between depositors (creditor) and bank (debtor); and borrowers (debtor) and the bank (creditor). Conventional bank maximize profit by charging interest to customers. On the other hand‚ Basu (2006) defines Audit report as “… the document to which auditor convey his opinion
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BANKING LAW 12TH TRIMESTER ------------------------------------------------- Sovereign Debt Restructuring Mechanism: ------------------------------------------------- Is It Time For A New Order? ------------------------------------------------- ANALYSING IMF’S SOVEREIGN DEBT RESTRUCTURING MECHANISM: A MISMATCH DURING THE FINANCIAL DOWNTURN SUBMITTED BY: SARTAJ K. SINGH I.D. NO.: 1675 & NAMRATA SHAH I.D.NO.: 1676
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Accountancy 2012 ( Delhi Set 3) 67/1/3 General Instructions: Same as given in Delhi set 1 PART—A (Accounting for Not-For-Profit Organisations‚ Partnership Firms and Companies) Q.1. Refer Q.3 Delhi Set 1 Q.2. Refer Q.1 Delhi Set 1 Q.3. Refer Q.5 Delhi Set 1 Q.4. Refer Q.2 Delhi Set 1 Q.5. Refer Q.4 Delhi Set 1 Q.6. Refer Q.7 Delhi Set 1 Q.7. Refer Q.8 Delhi Set 1 Q.8. Refer Q.6 Delhi Set 1 Q.9. Refer Q.10 Delhi Set 1 Q.10. Refer Q.11 Delhi Set 1 Q.11. Refer Q.9 Delhi Set
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insolvent natural persons to be managed for the benefit of their creditors; to provide for the liquidation of incorporated bodies (including solvent ones); to provide as an alternative to liquidation procedures that will enable the affairs of such of those bodies as become insolvent to be administered for the benefit of their creditors; and to provide for related and incidental matters Individual insolvency refers to the inability of a debtor to pay his debts as and when they fall due. The individual
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payment made to one of two persons jointly entitled under mortgage bond can be pleaded as a valid discharge of the debt in an action brought by the other person interested in the bond? Arguments for the Appellant Defendant. Payment to one joint creditor was a valid discharge of the debt as against the other. As under section 38 of the Contract Act‚ ‘An offer to one of several joint promisees has the same legal consequences as an offer to all of them. In the first part of the section it is provided
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10 Employment Laws Everyone Should Know Employers continue to make mistakes about many of the employment laws that they are faced with. In the litigious environment we are now surrounded in every mistake is potentially costly‚ both to the business itself and to managers. 1. Employment Contracts: The Terms of Employment (Information) Act 1994 provides that an employer is obliged to provide an employee with a statement in writing no later than two months after the commencement of employment containing
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SECTION A Answer any FOUR questions from this section. Each question carries 10 marks. 1. For each of the independent situations described below‚ list the accounting principle or concept that has been violated and give your explanation. (10 marks) i. Raymond Company has been adopting different methods to calculate depreciation on its motor vehicles for the past 4 years. ii. In estimating the provision for doubtful debts‚ the accountant of Peter Limited prefers to have a provision
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| 2011 | | TATA STEEL NAZ PARWEEN JAMSHEDPUR WOMENS COLLEGE (JWC) | [“ WORKING CAPITAL MANAGEMENT OF TATA STEEL” ] | IN PARTIAL FULLFILLMENT FOR THE COURSE OF “MASTER OF BUSINESS ADMINISTRATION” | WORKING CAPITAL ANALYSIS UNDER THE GUIDANCE OF Mr. INDRAJIT ROY HEAD‚ FINANCE AND ACCOUNTS (DECISION SUPPORT) TATA STEEL JAMSHEDPUR & Lecturer. Mrs Sonal
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