Chapter 8 Fund Flow Statement Statements of changes in Financial Position - The statement of changes in financial position‚ often referred to as the fund flow statement‚ describes the financing and investment activities of a business enterprise. Funds are defined in one of two ways - i) Funds are defined as cash. ii) Funds are defined as working capital Funds are defined as cash: The statement of changes explains the amount of cash that various financing activities provided‚
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INDIAN CONTRACT ACT 1. S. 124 - Gajanan Moreshwar Parelkar v Moreshwar Madan Mantri (Indemnity) (Plaintiff‚ at the request of the defendant‚ executed two mortgages in favour of Mohandas. Defendant wrote a letter promising to indemnify the plaintiff against any suits by the mortgagee‚ along with executing a third mortgage in place of the previous two. Plaintiff prays that the defendant obtains a release of liability from Mohandas; Issues: 1) Can the indemnified ask for performance of the contract
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consideration can be anything. Lastly‚ "The Rule Of Pinnel’s Case" is criticized‚ as it has no relation with commercial practice. It is because a lower value of thing can substitute the higher sum of payment. It is better for a creditor to receive a lower sum of money or to let the debtor facing bankruptcy. In conclusion‚ although there are weaknesses in "The Rule In Pinnel’s Case"‚ it isn’t completely useless because the judgment held at that time was forced by the environment and uncertainties. Synopsis:
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BACKGROUND OF THE STUDY Philippines is now known as the rising tiger of Asia for its great economic growth. Business mirror defines briefly the Philippines economy condition as of the fiscal year.A kitten no longer‚ the Philippines roared to a 7.8 percent gross domestic product(GDP) growth rate in the first quarter of 2013- the highest in Asia‚ beating the colossus china’s 7.7 percent. The Philippines has become a tiger economy beating last year’s 6.8 percent annual growth rate. (Zoilo "Bingo"
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concept; separate entity concept. 8. Assess the role and impact of technology on the accounting process; (a) accounting processes which could be readily preformed by the use of the computer‚ for example: payroll‚ stock control‚ debtors’ and creditors’ schedules. (b) What are the software currently being used in Accounting e.g. Peachtree‚ SimplyAccounting (c) Advantages and disadvantages of using the computer in accounting. CXC CSEC Principles of Accounts Exam
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NATIONAL SENIOR CERTIFICATE GRADE 10 ACCOUNTING EXEMPLAR PAPER - 2006 MARKS: 300 TIME: 2 hours This question paper consists of 15 pages. Copyright reserved Please turn over Accounting 2 NSC DoE/Exemplar INSTRUCTIONS AND INFORMATION 1. 2. You are provided with a question paper and an answer book. The paper comprises FOUR compulsory questions. The compulsory questions are QUESTIONS 1‚ 2‚ 3 and 4. Answer ALL these questions. You must also answer ONE other question; either QUESTION 5 OR Question
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TO: Kelvin Tan‚ Board of Director FROM: Amy Lim‚ Finance Director DATE: 20 May 2013 SUBJECT: Capital structure and financing of Cheetah Holdings Berhad Introduction Cheetah Holdings Berhad was established in year 1977. The company was listed on the Second Board of Bursa Malaysia Securities Berhad on 19th January 2005. In year 2007‚ they have moved into the First Board of Bursa Malaysia Securities Berhad. The objective of Cheetah Holdings Berhad is to grow its bottom
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Murabaha - as a mode of finance Originally‚ murabahah was a particular type of sale and not a mode of financing. The ideal mode of financing according to Shariah are mudarabah or musharakah. However in the perspective of the current economic circumstance there are certain practical difficulties in using mudarabah and musharakah as instruments in every type of financing. Therefore‚ the contemporary Shariah experts have allowed‚ subject to certain conditions‚ the use of murabahah on a deferred payment
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all of Able’s equipment‚ including after-acquired equipment. After-acquired clauses are valid. The only question is whether the bank’s security interest could attach to the backhoe. Attachment requires that the debtor has rights in the collateral. This doesn’t necessarily mean that the debtor must own the goods. Ablest had the lawful use and possession of the backhoe‚ based on his purchase agreement with Myers. He then would have had rights in the backhoe‚ and as soon as he took possession of it‚ the
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CURRICULUM AND ASSESSMENT POLICY STATEMENT (CAPS) ECONOMIC MANAGEMENT AND SCIENCES FINAL DRAFT 1|P a ge SECTION 1 National Curriculum and Assessment Policy Statement for Economic and Management Sciences 1.1 Background The National Curriculum Statement Grades R – 12 (NCS) stipulates policy on curriculum and assessment in the schooling sector. To improve its implementation‚ the National Curriculum Statement was amended‚ with the amendments coming into effect in January 2011. A
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