The formation of the debit and credit concept In this simplified form we can begin to see what the mathematician and Father of Accounting (Luca Pacioli) saw in 1494 when he codified the double-entry bookkeeping system. It is his codified system that outlined the rules for applying debits and credits when recording the financial transactions of a business in the double-entry bookkeeping system. Now remember that Luca’s book in 1494 was written and published in Latin and at a time when the concept
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HISTORY OF ACCOUNTING LEARNING OUTCOMES Understand the history of accounting dating from prehistoric times to written record keeping. Identify the seven preconditions for the emergence of systematic book keeping. Know Luca Pacioll contributions in introducing double entry book keeping. Accounting is a tool‚ invented by humankind‚ to fulfill needs of society. Unlike the explorers of the past who discovered new lands‚ accounting cannot in any true sense be said to have been discovered
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A Tragic Fall "Fair Is Foul And Foul Is Fair"(1.1.12) .The play begins with Macbeth as a brave‚ courageous and loyal soldier to the king. His bravery was described in:" but all’s too weak‚ /for brave Macbeth-well he deserves that name/ disdaining fortune..." (1.2.15-17) And also in " Till he fac’d the slave‚/ which ne’er shook hands‚ nor bade farewell to him‚/ Till he unseam’d him from the nave to th’chaps/ and fix’d his head upon our battlements"(1.2.20-23) which indicates how courageously Macbeth
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Therefore what happens to all the false guilt and the inaccuracy of scripture that they have suggested how do I solve this with family and the church? In many ways this has and is still a spiritual crime as well as me being wrongly done as a citizen I don’t and we don’t base our lives on what they refer to as a “jacket” supposedly this “”jacket” can discern and search ones inner being however as I just briefly stated and have mentioned ceaselessly the scripture and the Lord is perfect and in this
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Student Names: Caroline Chung‚ Laura Goralka (Vinluan) Topic 1: Abolitionist Sinkhole in Chicago; Chicago’s role in the abolition movement/underground rails (At the time of the abolitionist movement‚ how did Chicago create pro-abolition action/How did this influence the emancipation of slaves later on?) Rationale: I think it would be very interesting to see Chicago’s involvement in the abolitionist movement‚ since I don’t see much information about Illinois’ abolitionists and anti-slavery supporters
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RESEARCH: Hydroponics is a subset of hydroculture and is a way of growing plants using mineral nutrient solutions‚ using just water. Researchers discovered in the 18th century that plants absorb mineral nutrients as inorganic ions in water. Normally soil is thought to be required for plant growth‚ but in actuality‚ soil is not needed at all. When the mineral nutrients in the soil dissolve in water‚ plant roots have the ability to absorb them. When the required mineral nutrients are introduced
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Famous People I would like to meet There are many famous people in the world. Some are in the media‚ news‚ and magazines every day and some are more private. In addition‚ I like the ones that are more private like me. There are many celebrities that are very influential and inspirational. There are a lot of famous people I would like to meet. However‚ the three famous people I would like to meet are Mariah Carey‚ Oprah Winfrey‚ and Joyce Meyer’s. First and for most‚ the famous person I would
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ACCOUNTING SUBSTANCE OVER FORM Substance over form is an accounting concept where the entity is accounting for items according to their substance and economic reality and not merely their legal form. It is one of the key determinants of reliable information. For most transactions there will be no difference and in some cases however‚ the two diverge and the choice of how to present the transactions can give very different results. This differences occurs when an asset or liability is not recognized
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8/2/2012 Objective of Lecture 2 CLASSIFICATION OF ACCOUNTS & ACCOUNTING EQUATION • By end of lecture 2‚ all students should be able to:(a) Understand the five categories of accounts and able to classify them into the respective categories (b) Understand the accounting equation and the relationship between assets‚ liabilities and owner’s equity. Classifications of accounts • • 1. 2. 3. 4. 5. An account is used to record all information regarding an item. The five major
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According to The Atlantic article‚ “The False Stereotypes About Millennials Who Live at Home‚” a 2014 data report from the Census Bureau‚ the “median earnings for young adults who were working full-time were only about $34‚000 for Millennials.” This salary is much less than previous generations
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