– I Lesson No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 TOPICS Basic Concepts of Accounting ………………………………………... Record Keeping and Some Basic Concepts…………………………… Systems of Accounting and Some Basic Terminologies ………………. Single and Double Entry Record Keeping …………………………….. Classification of Account ……………………………………………... Flow of Transactions ………………………………………………..... Basic Books of Accounts …………………………………………….. Introduction
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development agreement‚ this case study described that SolvGen uses its best efforts to further develop proprietary instrument systems that have been under development for nearly 18 months and are expected to be expected to be ready for commercial launch in the near future. In case of license and distribution agreement‚ Careway will pay SolvGen for each proprietary instrument system as it is purchased by Careway. $ 1 million of the exclusive negotiation payment paid in December 1‚ 2009 is recognized
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CareSafe’s Financial Future Currently‚ CareSafe Foster Systems have a good solid budget with a surplus/deficit of $66‚800. The problem foreseen is with the group therapy counseling part of the program. The total variable expenses of $488‚000 and the revenue amount of $500‚ 000 leaving Caresafe Foster Systems with a contribution amount of only $12‚000. This could become a problem if the expenses increase for some unforeseen reason and the cost per visit remains the same‚ which would cause the
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Module A: Introduction and Environment • Purpose‚ Nature‚ Uses and Users of Accounting Information‚ Functional and Operational Definition of Accounting‚ Accounting Principles‚ Standards and Regulations‚ Forms of Business Organizations and Accounting systems. Module B: Analysis of Financial Statement • Objectives of Financial Statement Analysis‚ Financial Statement Analysis‚ Horizontal and Vertical Analysis‚ Comparative Financial Statements‚ Communize Statements‚ Financial Ration Analysis‚ Trend Percentage
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and Accounting 2 Introduction to Accounting Learning Objectives Objectives of Accounting Functions of Accounting Advantages of Accounting Limitations of Accounting Accounting Information and its’ Types Users of Accounting Information Systems of Accounting 3 Introduction to Accounting DEFINITION OF ACCOUNTING "Accounting is the art of recording‚ classifying and summarising in a significant manner and in terms of money; transactions and events which are‚ in part at least‚ of
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History Of Accounting Marion Clarisse Bonoan Ms. Champion BAF 3M According to the dictionary the word accounting means‚ the process or work of keeping financial accounts. However‚ how did accounting started? Was it just by a simple merchant or entrepreneur who needed a good and stable way to keep track of all his earnings? Or was it by an old mathematician studying ways to calculate how a business would be successful and just so happen to come across such a process? The history of
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SECTIONAL AND SELF BALANCING SYSTEM Introduction: After the transactions‚ being recorded in the journal‚ are classified in the ledger. A small enterprise normally has less number of accounts are therefore can maintain all the accounts in one ledger alone. However‚ in case of a big enterprise‚ the number of accounts are large and‚ therefore‚ it becomes inconvenient to maintain all accounts into one ledger alone. Hence in such a condition the ledger is sub-divided into the following three ledgers:
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called a valuation account or contra-asset account and normally has a credit balance. True False 5 of 25 The allowance for Doubtful Accounts is an expense account and appears on the income statement. True False 6 of 25 In a perpetual inventory system‚ two entries usually are made to record each sale transaction. The purpose of these entries are best described as follows: one entry recognizes the sales revenue‚ and the other recognizes the cost of goods sold. one entry records the purchase of
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HomeBudget Expense Management Software For the Home Windows Version User Guide Version 2.8.5 Table of Contents Overview.......................................................................................................................................... 3 HomeBudget Terminology .............................................................................................................. 6 Getting Started ...............................................................................
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invented record keeping systems. They also kept running inventories of wealth‚ trade‚ and tribute payments. Temples‚ palaces and private businesses employed hundreds of scribes‚ and it was considered a prestigious profession. Clay‚ which was plentiful in the area‚ was molded to size and then the information required was written into the clay with a sharpened wooden rod. The clay tablet was then dried and was kept as a permanent record. The Egyptians also used a system similar to the Babylonians
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