capital employed? A B C D current assets – current liabilities fixed assets + current assets – current liabilities fixed assets + current assets + current liabilities net assets – current liabilities 2 When preparing a sole trader’s annual accounts‚ no adjustments were made for closing amounts prepaid. What is the effect of these omissions? A B C D net profit overstated net profit understated current assets overstated creditors understated creditors understated owner’s capital overstated
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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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Get a Checking Account You can’t get a loan without first having a checking. You need a checking account because lenders verify your income via your checking account. Don’t worry‚ though--there is a way to get a loan even if you have bad credit‚ but you have to start by getting a checking account. Did you abuse and then lose your previous checking account? Writing bad checks or repeatedly overdrawing your bank account can get you blacklisted on a system called "ChexSystems‚ which is the database
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Accounts Notes Double Entry Example 1 Transactions Debit (In) Credit (Out) Bought goods for resale for cash Purchases Cash Sold goods for cash Cash Sales Paid cash into bank Bank Cash Sold goods and received cheque Bank Sales Bought goods and paid by cheque Purchases Bank Example 2 Transactions Debit Credit Bought goods on credit from M.Mizzi Purchases M.Mizzi Paid M.Mizzi in cash one week later M.Mizzi Cash Sold goods on credit to S.Said S.Said Sales S.Said paid by cheque Bank S.Said Example
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Vysya Bank Profit & Loss account‚ ING Vysya Bank Financial Statement & Accounts. 2012. Available at: http://www.moneycontrol.com/financials/ingvysyabank/profit-loss/ING#ING. [Accessed 08 November 2012]. Kotak Mahindra Bank Profit & Loss account‚ 2012. Kotak Mahindra Bank Financial Statement & Accounts. [ONLINE] Available at: http://www.moneycontrol.com/financials/kotakmahindrabank/profit-loss/KMB. [Accessed 08 November 2012]. Yes Bank Profit & Loss account‚ 2012. Yes Bank Financial
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datum] | Inhoud 1.0 Basis gegevens 3 2.0 Overall doelstellingen‚ strategie en bedrijfsresultaten account 4 3.0 Inkoopstrategie 6 3.1Inkoopproces 6 4.0 SWOT analyse 7 5.0 Door account gehanteerde leveranciers-selectiecriteria 8 5.1Specifieke eisen/wensen account ten aanzien van ons bedrijf als leverancier 8 6.0 Consequenties voorgaande formulieren voor de strategie t.o.v. dit account 9 7.0 Actieplan 10 7.1Actie (intern) 10 7.2 Actie (extern) 11 8.0 Actieprogramma 12 1.0 Basis
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Question 1 a) Identify three accounts on the balance sheet of Sun Hung Kai that represent tangible assets? Fixed assets‚ Investment properties‚ Properties for sale. b) What are the differences among these accounts? Fixed assets: Known as a non-current asset or as property‚ plant‚ and equipment‚ is a term used in accounting for assets and property which cannot easily be converted into cash. This can be compared with current assets such as cash or bank accounts‚ which are described as liquid
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this topic. INTRODUCTION This internal assessment focuses on the impact of technology on accounting. Accounting is the systematic process of collecting‚ recording‚ classifying‚ analysing and communicating financial information. Traditionally‚ accounts were prepared manually using ledgers‚ cashbooks etc. However in recent years‚ technology has played an increasingly important role in accounting and has changed the accounting systems. This has brought with it solutions to previous problems associated
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ACCT 3512 Chart of Accounts Accounts & 4 Characteristics by 6 Acct Types: FS‚ Real vs. Nominal & Normal Acct Bal (NAB) mjm cpa 9/13 (Contra Accts) [Historical Cost Exceptions] (ACCT 3512 emphasized accts in italics) by Marco J. Malandra‚ CPA 1. ASSETS: BS‚ Real‚ Dr NAB‚ (Cr if contra) 3. SHs’ EQUITY: BS‚ Real‚ Cr NAB (Dr if contra) Current [generally]: IC accts: Preferred Stock [at Par Value] Cash (Money Orders‚Checks‚Checking‚ Savings‚ Petty) Additional-paid-in-capital
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Accounting Project SHAREHOLDER’S FUNDS Shareholders’ funds are the balance sheet value of the shareholders’ interest in a company. For company (as opposed to group) accounts it is simply all assets less all liabilities. For consolidated group accounts the value of minority interests should also be excluded. The addition of minority interests gives us “shareholders’ fund including minority interests”. A further adjustment gives us total equity. SHARE CAPITAL The capital collected by a joint
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