CHAPTER 4 Final Accounts Meaning Preparation of final account is the last stage of the accounting cycle. The basic objective of every concern maintaining the book of accounts is to find out the profit or loss in their business at the end of the year. Every businessman wishes to ascertain the financial position of his business firm as a whole during the particular period. In order to achieve the objectives for the firm‚ it is essential to prepare final accounts which include Manufacturing and
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Adjustments to Emancipation | Coming of the Chinese‚ Europeans‚ Indians and Africans | Akia Selver | TABLE OF CONTENTS 1. Introduction………………………………………………………………………………………. Page 1 2. Bakcground………………………………………………………………………………………… Page 2 3. Africans……………………………………………………………………………………………… Page 3 4. Europeans…………………………………………………………………………………………. Page 5. Madeirans…………………………………………………………………………………………. Page 6. East Indians……………………………………………………………………………………….. Page 7. Contracts……………………………………………………………………………………………
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LAB NUMBER: ______ DATE: 6/12/13 TITLE: Response to Stimuli AIM: To discover how gravity can effect plant growth MATERIALS: kidney beans (3) glass cup tissue paper PROCEDURE: 1. Three kidney beans were placed on some tissue paper soaked in water. They were left for a day. 2. Several layers of tissue paper were placed along the inside of a glass and were soaked in water. The wet tissue stuck on the glass. 3. The germinating beans were gently placed between the glass and
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The Chart of Accounts The increases and decreases in accounting element as affected by a business transaction are recorded in a device called account name‚ account title or account. Each accounting element is composed of several accounts which describe the related economic transactions and events. To maintain uniform account name‚ the business must have a listing of all the accounts it uses to record economic transactions. This listing of all accounts is called “Chart of Accounts.” The Chart of
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statement of expectations from carers and people receiving services‚ relevant service standards and codes of practice for health and social care in the four UK countries. They can be found in the principles of care unit HSC24. To achieve this Unit you must demonstrate that you have applied the principles of care outlined in unit HSC24 in your practice and through your knowledge. Evidence Requirements for the Unit It is essential that you adhere to the Evidence Requirements for this Unit – please
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May‚ 2012 for the business of Jess Consulting Office. The chart of accounts shows the following accounts: Jess Capital 300‚ Withdrawals 320‚ Cast at Bank 100‚ Advertising Expense 520‚ Wages Expense 525‚ Prepaid Advertising 112‚ Prepaid Rent 114‚ Tax Service Fees 405‚ and Consulting Revenue 400. The balance of cash account at 1st of May 2012 is $10‚000. May 2. Jess Barley invested $30‚000 more into the business bank account. May 3. Hired a part time employee to be paid $200 fortnightly‚ starting
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partner contributes office equipment that had cost $20‚000 and on which accumulated depreciation of $ 12500 had been recorded . If the partners agree on a valuation of $ 9000 for the equipment ‚ what amount should be debited to the office equipment account? a/ 7500 c/ 12500 b/ 9000 d/ 20000 2/ Chip and Dale agree to form a partnership. Chip is to contribute $50000 in assets and to devote one half time to the partnership. Dale is to
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A PROJECT REPORT ON CONSOLIDATED FINANCIAL STATEMENT SUBMITTED TO THE UNIVERSITY OF MUMBAI AS A PARTIAL REQUIREMENT FOR COMPLETING THE DEGREE OF M.COM (ACCOUNTS) SEMESTER I SUBJECT: ADVANCED FINANCIAL ACCOUNTING SUBMITTED BY: SHUBALAXMI.UMESH.SHETTY ROLL NO.: 47 UNDER THE GUIDANCE OF PROFESSOR DHANABALU.R.NAIKAR SIES COLLEGE OF COMMERCE AND ECONOMICS‚ PLOT NO. 71/72‚ SION MATUNGA
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Sample Question Paper Code-254 ELEMENTS OF BOOK KEEPING & ACCOUNTANCY Class-IX Summative Assessment-II March 2011 Examination Design of Question paper Time Allowed : 3 Hrs 01. Weightage to form of Questions Type of questions 1. 2. 3. 4. MCQs Short Answer Questions Long Answer Questions(i) Long Answer Questions(ii) Total No. of Questions 16 8 4 4 32 Marks for each Question 1 3 4 6 Total Marks 16 24 16 24 80 Maximum Marks : 80 Duration of the examination will be 3 - 3 ½ hours. Evaluation will
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Tutorial 1 (1a) Which one of the following is an example of an internal stakeholder? A A shareholder B Investment analyst / consultant CA manager DA supplier (1b) The original role of the accounting function was which one of the following? AProviding management information BRecording financial information C Maintaining financial control D Managing funds efficiently (1c) The major purpose of the Malaysian Accounting Standards Board (MASB) is to ensure consistency in ___________
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