Current status of public sector accounting in Malaysia- Cash Basis Accounting Revenue is only recorded when the cash is actually exchanged for example‚ when revenue is received as cash and when expenses are actually paid. http://www.quora.com/What-are-the-differences-between-cash-basis-and-accrual-basis-accounting Why government used the cash basis of accounting? Easy to learn and carry out and requires care but no special accounting skills. Well-adapted to needs of budgetary control and payment
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Cash vs. Credit Cards Brenda Hurtado ENG/130 October 15‚ 2014 James Iddings Cash vs. Credit Cards Which option is better for you? Caring around a credit card or having cash in your pockets? Each option is different for every person. Cash is better for people who do not know how to limit what they spend. Credit cards are for people who know to limit their spending. Because when it comes using cash‚ you do not have to worry about debt. Until you lose your cash‚ it is lost forever. But‚ if you have
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Assignment 5 (20 points) Assignment 5: Taxes and Credit Instructions Save this file in your course folder‚ and name it with Assignment‚ the section number‚ and your first initial and last name. For example‚ Jessie Robinson’s assignment for Section 1 would be named Assignment1JRobinson. Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day‚ be sure to save your
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1. Introduction Increasingly‚ we are seeing many firms from various industries allowing their customers to pay on credit. This action will inevitably have a direct implication on the financial statements of these firms‚ in terms of accounts receivables‚ allowance for bad debt and uncollectible debt expense. This is especially so when customers are unable to repay their debts. In this paper‚ we will examine the 2008 financial statement of four companies in the retail industry‚ namely
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p.a.‚ and the company is in the 34% tax bracket; the company expects $306‚000 of earnings before interest and taxes every year in perpetuity. What would be the value of the firm if it was financed entirely with equity? What amount of the firm’s annual earnings is available to stockholders? 2 Exercise 2 Gibson‚ Inc.‚ expects perpetual earnings before interest and taxes of $1.2 mil. per year; the firm’s pre-tax cost of debt is 8% p.a.‚ and its annual interest expense is $200‚000;
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Conditional cash transfers (CCTs) refers to a form of funding by the government or other humanitarian agencies whereby the fund donated must be used to finance a predetermined undertaking (Fiszbein et al‚ 2009‚ pp. 31). In Conditional cash transfers‚ money has to be spent for the intended purpose and only those who have been approved to meet the predetermined requirements receive such cash. This means that the recipient of the cash has to be vetted thoroughly and their actions determined before getting
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When researchers refer to Subjective well-being or SWB it is life satisfaction‚ the presence of positive affect‚ and a relative absence of negative affect. SWB is one’s view of his own personal idea of happiness. This defines how one experiences the quality of life through emotional reactions feelings and moods and cognitive judgments about what an individual thinks of his life satisfaction in global terms as a whole or specifics such as career or relationships. SWB is measured by each individual’s
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SPSS ASSIGNMENT #1 Read chapters 1‚ 2‚ and be sure to go through the SPSS tutorial (or “run the tutorial”). Then‚ follow these guidelines.S3 To Enter Data: 1. Click on the Variable View tab in the lower left corner of the screen. In the first box under the column Name‚ type the name you want to give the first variable (i.e.‚ “SCORE1” – NOTE: there are no spaces allowed in the variable name). The name of your variable can be up to eight characters (no spaces a permitted by SPSS in the variable
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Article I of the Constitution assign all legislative powers of the federal government to Congress‚ which is divided into two chambers‚ the Senate and House of Representatives. The Senate is composed of two members from each state. Its current membership is 100. Members of the House of Representatives are based on the population of each state. The total membership is fixed by its statute in 435. Members of the House of Representatives and the Senate are elected by vote to a single round (first-past-the-post)
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It’s no secret that the government is hiding things from us. These eight government secrets might be a little more than you bargained for‚ though. Sure‚ we as citizens like to know what’s going on‚ but do you really want to know everything? Keep reading to find out. Number Eight: You’re Being Spied On. Though most people are aware that the government spies on its citizens‚ do you know how many of its citizens are being watched? Not only is the government probably listening in on your phone calls
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