The formation of the debit and credit concept In this simplified form we can begin to see what the mathematician and Father of Accounting (Luca Pacioli) saw in 1494 when he codified the double-entry bookkeeping system. It is his codified system that outlined the rules for applying debits and credits when recording the financial transactions of a business in the double-entry bookkeeping system. Now remember that Luca’s book in 1494 was written and published in Latin and at a time when the concept
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8/2/2012 Objective of Lecture 2 CLASSIFICATION OF ACCOUNTS & ACCOUNTING EQUATION • By end of lecture 2‚ all students should be able to:(a) Understand the five categories of accounts and able to classify them into the respective categories (b) Understand the accounting equation and the relationship between assets‚ liabilities and owner’s equity. Classifications of accounts • • 1. 2. 3. 4. 5. An account is used to record all information regarding an item. The five major
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Elements of Information Theory Thomas M. Cover‚ Joy A. Thomas Copyright 1991 John Wiley & Sons‚ Inc. Print ISBN 0-471-06259-6 Online ISBN 0-471-20061-1 Elements of Information Theory Elements of Information Theory Thomas M. Cover‚ Joy A. Thomas Copyright 1991 John Wiley & Sons‚ Inc. Print ISBN 0-471-06259-6 Online ISBN 0-471-20061-1 WILEY SERIES IN TELECOMMUNICATIONS Donald L. Schilling‚ Editor City College of New York Digital Telephony‚ 2nd Edition John Bellamy Elements of
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COURSE ACCOUNTING IA CODE CAC 1107 AIM The purpose of the course is to provide an understanding of the basic concepts and techniques of accounting and their application to business management. The course covers the accounting cycle and assumes no prior knowledge of accounting. The course is intended for those who will use accounting information as managers rather than those who will prepare it as accountants. In appreciation of the question of the semantic value of accounting information
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1. IntroductionPensonic Company Pensonic is one of the most successful trading companies in Penang‚ Malaysia that sells a wide variety of electrical appliances. In addition to its own brand “Pensonic”‚ the company also owns the German brand “Lebensstil Kollektion” and owns the sole-distribution rights for the Dutch brand “Princess” in Malaysia. Pensonic also established a mass production hub and international distribution network of electrical home mechanism and an international distribution network
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Fermentation Partial degradation of glucose Uses no O2 Yields some ATP Cellular respiration Complete degradation to CO2 and H2O Requires O2 = aerobic Yields much more ATP 2. Describe the summary equation for cellular respiration. Also note the specific chemical equation for the degradation of glucose. Organic compounds + O2 è CO2 + H2O + energy C6H12O6 + 6O2 è 6CO2 + 6H2O + energy (ΔG = -686 kcal/mol) Redox reactions: Oxidation and Reduction
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Contrary to many people’s thoughts about seasons‚ summer is not due to the Earth being closer to the sun and vice versa for winter (these differences are extremely small). The Earth moves around the sun anti-clockwise in an elliptical orbit‚ with one revolution representing a year (365.256 days). To complete the orbit‚ Earth travels at an approximate speed of 67‚000 miles an hour. While we are orbiting around the Sun‚ we are also rotating around an imaginary axis of the earth‚ with one revolution
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Accounting: Topic 6: Analysis And Interpretation Of Financial Statements (Part 2) Capital Structure Analysis Proportion of debt financing relative to equity financing (=gearing or leverage) * Reflects the entity’s financing decisions * Investments in assets are funded externally by liabilities‚ or internally by owner’s as shown in accounting equation (A=L+OE) Debt to equity ratio: Total liabilities/ Total equity x 100=x% Debt ratio: Total liabilities/ Total asset x 100=x%
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ACC206: Principles of Accounting II Final Paper Instructor: Emmett Denham March 25‚ 2013 ABC Company could reach $3 million in annual sales within 3 years if the company used shingle scrap material to build cedar dollhouses. The new product would add additional costs but would project an aggressive growth in revenue for the company. In the following reports I will show you how beneficial the cedar dollhouses would be to ABC Company. [ABC Company] | Cash Flow Satement | | | | Date:
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Differential Equations Second Order Differential Equations Introduction In the previous chapter we looked at first order differential equations. In this chapter we will move on to second order differential equations. Just as we did in the last chapter we will look at some special cases of second order differential equations that we can solve. Unlike the previous chapter however‚ we are going to have to be even more restrictive as to the kinds of differential equations that we’ll look at
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