Giving examples‚ evaluate the effectiveness of the controls in the double entry system of accounting in ensuring the accuracy of the accounts. As well as examining the controls‚ your evaluation should consider errors that do not affect the balancing of the trial balance. Double entry accounting system was invented in 15th century and still being in use until today‚ this is quite an interesting fact; however it indicates that there is something about the system‚ thus making it so effective and
Premium Accounts receivable Double-entry bookkeeping system Balance sheet
Solving the Mystery of Double Entry Bookkeeping – Warsono‐bin‐Hardono (swarsono@feb.ugm.ac.id) SOLVING THE MYSTERY OF DOUBLE ENTRY BOOKKEEPING 1 Sony Warsono-bin-Hardono Department of Accounting Faculty of Economics and Business Universitas Gadjah Mada Indonesia ABSTRACT Double-entry bookkeeping (DEB) has been shown to be reliable. The first documentation of its usage dates to 1494 and it has been used since then without any significant changes‚ despite more than half a millennium having passed
Premium Double-entry bookkeeping system Accounting equation Balance sheet
Chapter One The Accounting Equation and Double-entry Bookkeeping I. Learning objectives After completing this session‚ students should be able to (1) Define assets‚ liabilities‚ owner’s equity‚ revenue and expenses; (2) Understand the functions of the fundamental accounting equation; (3) Record business transactions and illustrate their effects on the fundamental accounting equation; (4) Understand the accounts payable‚ accounts receivable‚ prepaid insurance‚ and drawing accounts;
Premium Balance sheet Double-entry bookkeeping system Generally Accepted Accounting Principles
playing jeopardy is a good way to test machine intelligence. Jeopardy is an American television quiz show and it can ask about anything. Watson is a machine and it’s made for answering question. For Watson‚ there is a lot of possible answer but Watson need to pick the accurate answer. For example‚ if Watson has 3 possible answer then Watson will pick the one that has the most percentage. The most percentage means that it is more likely to be correct. In the article‚ IBM Watson became a jeopardy champion
Premium Artificial intelligence Computer Psychology
INTRODUCTION As we know that‚ double-entry bookkeeping system is established by Luca Pacioli. Without double-entry bookkeeping system‚ we cannot analyse the financial status of a business. ACCOUNTING EQUATION The foundation accounting equation is the relationship between assets‚ liabilities‚ and equity. It is a basic accounting equation used to balance all of the businesses account (Wikipedia 2017). For example‚ the double-entry bookkeeping system is a famous system in the accounting world. Most
Premium Balance sheet Balance sheet Double-entry bookkeeping system
English 4 Honors March 1‚ 2011 Isaac Awesomov Entropy is a measure of the unavailable energy in a closed thermodynamic system that is also usually considered to be a measure of the system ’s disorder‚ that is a property of the system ’s state‚ and that varies directly with any reversible change in heat in the system and inversely with the temperature of the system (Webster). Entropy is a fundamental aspect of not only physics and its relation to thermodynamics‚ but also to biology and cognition
Premium Thermodynamics Energy Entropy
Hudson Miller “’There Must Be Someway Out of Here’‚ Said the Joker to the Thief” Existence is a curious thing. One minute you can be happily floating in oblivion‚ the next you are plucked from the comforting darkness and blinded by all the gloriousness of consciousness. Well‚ that’s how it goes for most people anyway. Our hero was not brought into this world because of the love of a man and a woman. Our hero was brought into this world because of the hatred a man had for himself. When you first
Premium Mind
"to the life." The physical resemblance Gene senses‚ brings on a surge of Finny’s own unique spirit within him. Unexpectedly‚ Gene feels free‚ daring‚ confident - just like Finny. For a moment‚ Gene has become Finny’s double. In a sense‚ Gene and Finny have been each other’s doubles since the beginning of the novel. In the first description of the boys standing together by the tree‚ the narrator makes clear that they resemble each other physically to a remarkable extent. Their heights and weights
Premium Gene expression Genetics Human height
defensively in the midst of documented rectitude. I did not want to live legally if it also meant living like a refugee.” (Jasmine‚ p. 171) 2a. “In this section‚ we shall consider the extent to which Western feminist discourses are able to address the double
Premium Third World Second World First World
Curve Primer The concept of a Learning Curve is motivated by the observation (in many diverse production environments) that‚ each time the cumulative production doubles‚ the hours required to produce the most recent unit decreases by approximately the same percentage. For example‚ for an 80% learning curve: If cumulative production doubles from 50 to 100‚ then the hours required to produce the 100th unit is 80% of that for the 50th unit. The learning curve formula can be expressed mathematically
Premium Analytic geometry Time Real number