n cash STATEMENT OF CASH FLOW - Section -7 Why statements of cash flow? They are required by the IFRS SMEs and they show the cash generating potential of a firm. A profitable firm may lack cash. Cash flow statements show the difference between cash and profit. Objective of Section 7: To explain the historical changes in cash and cash equivalents of an enterprise under the following activities; operating‚ investing and financing activities and changes in cash and cash equivalents.
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Quantitative aspects: 1- Sales From 1st year to 5th year turnover of the company continuously increases with a variable rate without decreasing throughout in 5 years period. In total 5 years 52.7% increase in sale respectively cost of good sold increase 48.78% Reason Reason of continuously increase in sale is that company have efficient management and company is switching from manual work to computerized work of its operations and salaries and wages are continuously decreasing from 4th
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Nietzsche Essay Nietzsche begins the second essay‚ which is an exploration of the origins of guilt and morality‚ by presenting the problem of humankind: breeding an animal with the ‘prerogative to promise’. Humans must actively forget things in order to cope with life – without doing this we could not have mental order or any semblance of happiness. Forgetting things‚ then‚ is a strength‚ but is also the natural tendency of our minds. Memory is not the passive retention of impressions that many
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Sun co. Moon co. Sundry assets 2‚00‚000 1‚00‚000 2‚20‚000 Investments (shares in Moon Ltd) 3‚60‚000 1‚00‚000 80‚000 30‚000 20‚000 5‚80‚000 4‚00‚000 Indicate the capital and revenue natured profits. 4‚00‚000 P & L a/c Creditors 5‚80‚000 4‚00‚000 10) Compute the
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Computer Lab - Practical Question Bank FACULTY OF COMMERCE‚ OSMANIA UNIVERSITY ----------------------------------------------------------------------------------------------------- B.Com (All Streams) III Year W.E.F.2010-11 CORPORATE ACCOUNTING Time: 60 Minutes Record : 10 Skill Test : 20 Total Marks : 30 Note: Problems are to be solved by using computers
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In this report I will explain the legal significance of a hotel booking and the consequence if there is a breach of contract. I will start by explaining the significance of having a contract‚ what the contract entails in relation to cancellation and the consequence of a breach. I will include the statutory rules relevant to the conflict to the compromised solution. A contract is an agreement that is legally enforceable. Contracts provide businesses with security. If contractual promises are broken
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suppliers‚to investors‚to debtors and back in cash.The time gap is technically termed as operating cycle.In other words‚the duration of the time required to complete the following sequence of events‚in case of a manufacturing firm‚Is called operating cycle. 1)Conversion of cash into raw materials 2)Conversion of raw materials into work-in-progress 3)conversion of work-in-progress into finished goods 4)conversion of finished goods in debtors 5)conversion of debtors to cash Bewteen each stage
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(haram) On the other hand‚ conventional banking is essentially based on the debtor-creditor relationship between the depositors and the bank on one hand‚ and between the borrowers and the bank on the other. Interest is considered to be the price of credit‚ reflecting the opportunity cost of money. Islamic law considers a loan to be given or taken‚ free of charge‚ to meet any contingency. Thus in Islamic Banking‚ the creditor should not take advantage of the borrower. When money is lent out on the
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Labour Legislation BONDED LABOUR SYSTEM (ABOLITION) ACT‚ 1976 Introduction The phenomenon of bonded labour is a “vicious circle” where each factor is responsible for further subjugation and apathy of the bonded labourers. The first part of the chain forming the vicious circle is the survival capabilities of this system. It is a relic of colonial and feudal system‚ which is still continuing. This relic is deeply rooted in the social customs and traditions‚ treating it as a normal practice
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Depreciation (Continued) ……………………... Depreciation on Purchase and Disposal of Fixed Assets ……………… Revaluation of Fixed Assets …………………………………………... Bank Reconciliation Statement ……………………………………….. Bank Reconciliation Statement (Contd.)………………………………. Debtors‚ Creditors‚ Accruals and Provision for Bad Debts …………… Provision for Bad Debts and Control Accounts ……………………… Control Accounts (Contd.) …………………………………………… Control Accounts (Contd.) …………………………………………… Rectification of Errors ………………………………………………… Presentation
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