Name: Manuel Pelligrini | CSEC Registration Code:School: St. George’s CollegeCentre Code: 160063Subject: Principles of AccountsTerritory: TrinidadDate Submitted:Teacher: Mr. George | | | | | | | Table of Contents 1. Acknowledgement. 2. Aim of Project. 3. Description of the Entity. 4. Accounting records kept. 5. Comparison of Accounting Records kept with accounts studied in class 6. Performance of Business using Ratio Analysis - Interpretation of Accounts 7. Suggestions
Premium Revenue Balance sheet Gross profit margin
Summary of the Case: Alpen bank needs to launch credit card in Romania which is a matter driven by market dynamics‚ customer demographics‚ usage behavior and changing macroeconomic conditions. Formulation of an effective marketing strategy is inevitable for the introduction of the credit card in such an environment. 1. How should Alpen position its card‚ if it intends to launch it? Positioning is identifying a set of possible competitive advantages to build a position in the minds of the consumers
Premium Economics Credit card Customer service
Transaction Num. - Date Cash&Eq. + Other Assets = Liabilities + Beg. Balance a b 0 30.000 15.000 0 c d -8.400 -7.000 4.200 6.883 e f g h i j k -20.000 23.000 40.000 -10.000 -2.000 33.000 3.000 -8.500 5.000 -9.000 -3.000 15.000 75 Comments. One nespaper advertisement is 300 58.100 20.000 300 3.000 -8.500 6.000 9.000 1 2 End. Balance 0 Ret. Other + Eernings + Com. Beg. Income 0 0 0 30.000 Paid-in Capital 34.083 44.875 30.000 17.308 17.308 0 + Income - Expenses 0 -6
Premium Generally Accepted Accounting Principles Asset Depreciation
Recognition‚ Valuation‚ and Classification SE2.ConCept▶ Tell how the concepts of recognition‚ valuation‚ and classification apply to the transaction that follows. Supplies Dr. June 1‚000 Cr. Normal Balances SE4.Tell whether the normal balance of each accounts in SE1is a debit or a credit. Transaction Analysis SE5. Shawn Michael started a computer programming business‚ Michael’s Programming Service. For each transaction that follows‚ indicate which account is debited and which
Premium Accounts receivable Double-entry bookkeeping system Computer
In the file ACC 290 Week 2 Learning Team Reflection you will find overview of the following parts: Learning Team Reflection Paper Four Basic Financial Statements Rules of Debit and Credit Journalizing Basic Transactions Use of Financial Statements to External Users Conclusion References Business - Accounting Discuss the objectives for Week One. How do they relate to the practice of accounting and its uses in business? Identify the four basic financial statements. Classify transactions
Premium Bookkeeping Finance Double-entry bookkeeping system
Self-Test 1 Problem: The following is a set of transactions during the month of 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
Premium Generally Accepted Accounting Principles 1969 1966
Project 88A Buyers Closing Statement ON LINE Closing Date is April 27th of this year Sale price is $300‚000. Buyer is financing 70% of the purchase price. This is the loan amount. Earnest money (already paid) is $30‚000 Title search fee is $500 to Loan (mortgage) origination fee is 1% (of loan amount) Buyers loan is at 6% . Compute buyer daily interest charges from day of closing through the end of the month of April. Title insurance is $600 Homeowners (hazard) insurance for buyer will
Premium Mortgage loan Mortgage Insurance
The first PhxKlips we viewed was “The Accounting Equation”. This taught us how to remember the accounting equation by remembering “ALOE”. I took an accounting class online for the community college in Baltimore‚ and was not taught “ALOE”. I liked that it gave us a way to remember the equation. “ALOE” is something you can always remember and does help to remember the equation. The equation “ALOE” means Assets= Liabilities + Owner’s Equity. This is the equation used for all accounting tasks and procedures
Premium Generally Accepted Accounting Principles Balance sheet Income statement
The role of accounting is to allow business owners to make informative decisions. The main objectives of accounting are to maintain a record of business transactions‚ calculate profit and loss and depiction of financial position. Recording business transactions accurately is essential in accounting. If proper and complete records are kept‚ it will make it easier to find and correct any errors made. Different officials can also use records for different decision-making purposes. A balance sheet
Premium Asset Balance sheet Bookkeeping
vHow are the hospital’s revenues and expenses grouped for planning and control? Patton-Fuller has two revenue categories; net patient revenue and other revenue. Patton-Fuller expense categories are; salaries and benefits‚ supplies‚ physician and professional fees‚ utilities‚ other‚ depreciation and amortization‚ Interest‚ and provision for doubtful accounts. The hospital’s revenue it broken up into two categories‚ the first being net patient revenue which consist of gross revenue generated
Premium Income statement Double-entry bookkeeping system Hospital