will I am sure be of interest not only to our student audience but as a refresher to those of you in practice that may be required to deal with this concept. In most businesses debtor balances represent an important element of working capital. Accounting principles dictate that the supply of goods or services is accounted for as sales‚ at the point at which the buyer has a legal obligation to pay for them. Total debtors represent the value of credit sales for which payment has yet to be received
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Chapter 2 Cost Terms‚ Concepts‚ and Classifications Exercise 2-2 (15 minutes) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10 . 11 . 12 . 13 . 14 . 15 . Depreciation on salespersons’ cars ................ Rent on equipment used in the factory .......... Lubricants used for machine maintenance ..... Salaries of personnel who work in the finished goods warehouse.............................. Soap and paper towels used by factory workers at the end of a shift ...................... Factory supervisors’ salaries
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$500‚000 and is known by both Brickhouse and Boudreau to be a fairly "soft" amount. Identify possible causes of action. -Brickhouse is acting unethically. His action serves only his self-interest‚ self review and has no clear basis in proper accounting procedures‚ so ignoring the familiarity with brickhouse ‚the controller‚ Louise Boudreau‚ should not manipulate net income in view of any compensation plan the company may have.He must comply with relevant laws and regulations and not assist others
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Unit 1 Phones Choosing a phone: * Picture resolution (pixels) * Camera resolution (megapixels) * Storage capacity (gigabytes) * Memory card (gigabytes) SD and SDHC cards: flash memory cards‚ SD (2GB)‚ SDHC (32GB) Wi-Fi: wireless fidelity. Long-range data transfer. Bluetooth: Short-range data transfer. User Interface: the way in which a user interacts with a system Features for the elderly: * Easier navigation * “Panic” button * Larger sized buttons and keys
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User Requirements To create a system that is easy to use and learn to use‚ A system that will work on an average home computer with Microsoft access‚ One that is secure and will be backed up to prevent the loss of data. It should be quick and easy to update any information about a member or coach‚ for example any payments needing made‚ any payments received‚ or any medical information about the players. Players should be automatically allocated to the club when they have passed the medical.
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PART A 1. Buying a new PC. Low Yat Plaza in Jalan Bukit Bintang is a well-known place for computer sales. Assume that you want to buy a new PC for your personal use. Your task is to: i. Make a list of your hardware and software requirements‚ be as specific as possible. (For software‚ you must at least choose 1 type of operating system and 3 application programs.) HARDWARE * CPU (Central Processing Unit): responsible for handling all instructions it receives from hardware components
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The company I have chosen is Denbighshire county council. I have received a letter from them and I have collected leaflets as well as looking on their website to adopt their house style. The house style of the Denbighshire documents would be that they all have the same colours on them‚ the colours being green‚ blue and white. These have been the colours of the company since the beginning of the council when it first came around in 1996. The design may have changed slightly over the years‚ but the
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Accounting Homework Individual Chapter 7 Question 1&2 1. (a) What are generally accepted accounting principles (GAAP)? In the U.S.‚ generally accepted accounting principles‚ commonly abbreviated as US GAAP or simply GAAP‚ are accounting rules used to prepare‚ present‚ and report financial statements for a wide variety of entities‚ including publicly-traded and privately-held companies‚ non-profit organizations. (b)What bodies provide authoritative support for GAAP
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Crisis (GFC) and the impact it has had on International Accounting Standards in regards to implementation and use of their accounting regulations. It also examines The Fair Value Measurement in accordance to the effect it has on the GFC and how the interpretation of fair value is the problem not the method itself. The Positive Accounting Theory (PAT) is also discussed and analysed in terms of it being the dominant theory to justify accounting regulations and standards (Anonymous. 2008a). Introduction
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to suppliers. Liability (D) Bonds payable. Liability (E) Amount earned from selling a product. Revenue (F) Cost of advertising. Expense Part 2 Ex 1-8 (A) An expression about whether financial statements conform with generally accepted accounting principles. – 8 Auditors opinion (B) A business that raised money by issuing shares of stock. – 1 Cooperation (C) The portion of stockholders’ equity that results from receiving cash from investors. – 6 Common Stock. (D) Obligations to suppliers
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