Accounting is the financial information system that provides these insights. In short‚ to understand your organization‚ you have to know the numbers. Accounting consists of three basic activities—it identifies‚ records‚ and communicates the economic events of an organization to interested users. You cannot earn a living‚ spend money‚ buy on credit‚ make an investment‚ or pay taxes without receiving‚ using‚ or dispensing financial information. Good decision making depends on good information
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ASSIGNMENT DRIVE PROGRAM SEMESTER SUBJECT CODE & NAME BK ID CREDITS MARKS FALL 2014 MBA/ MBADS/ MBAFLEX/ MBAHCSN3/ PGDBAN2 1 MB0041 FINANCIAL AND MANAGEMENT ACCOUNTING B1624 4 60 Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme. Q.No Questions Marks Total Marks 1 Analyze the following transaction under traditional approach. 18.1.2011 Received a cheque from a customer‚ Sanjay at
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was sold for $30‚000. The accounts payable were paid in full. (No payment was made on the notes payable.) Oct. 6 More furniture was purchased on account at a cost of $18‚000‚ to be paid within 30 days. Supplies were purchased for $1‚000 cash from a restaurant supply center that was going out of business. These supplies would have cost $1‚875 if purchased under normal circumstances. Oct. 1–6 Revenues of $5‚500 were earned and paid in cash. Expenses required to earn the revenues of $4‚000 were incurred
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*Since outcome of litigation is only 20% (remote)‚ it is not appropriate to provide for damages. The unrecoverable legal costs are a liability as the start of legal action is past event and should be provided in full. KASTURI Bhd Statement of Financial Position as at 31 March 2011 | Notes | RM | RM | Non-current Assets | | | | Property‚ Plant and
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Week 4 Checkpoint March 17‚ 2013 XACC/290 Resource: Ch. 4 of Financial Accounting Complete Exercise BE4-1. Complete Problems 4-2A & 4-3A. BE4-1: |Cash |Net Income | |-$100 |$0 | |-$20 |$0 | |+$1‚300 |$1‚300 | |+$800 |$800 | |-$2‚500 |$0 | |-$600 |$0 | | |
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of ACC 306 Week 3 Ethics Case 17-6 comprises: VXI International - 401(k) plan contributions Business - General Business ACC306: Intermediate Accounting II Week 1 Required Readings a. Chapter 12: Investments b. Chapter 13: Current Liabilities and Contingencies Discussions Equity Method. Complete P12-13 from Chapter 12. Post the answers to the discussion board by Day 3. Loss Contingency and Full Disclosure. Complete Judgment Case 13-9 from Chapter
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equipment‚ payable) 4. The company paid $780 cash for this months’s advertising of the opening of the business. ( cash‚ cost) 5. The company complete maintenance services for a customer and immediately collected $5.700 cash. (cash‚ revenue) 6. The company completed $2.400 of maintenance services for City center on credit. (revenue‚ receivable) 7. The company paid $810 cash for an assistant’s salary for the first half of the month. ( cash‚ cost) 8. The company received $2.400 cash
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Accounting &Financial Management Report From: Mo Jian hui To: Board of director Executive summary According to the Global Powers of Retailing Report in 2011‚ Ahold now lies at the number 25 of world. It is making the plan to achieve the goal to be No.10 by acquisition Delhaize Group (DG) or WM Morrison Supermarkets Plc. (Morrisons).This report will analyze and compare these three companies by using CORE to find out their advantages and disadvantages of financial performance‚ then
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various proposals raised by different managers of Dumbellow Ltd. The major issue addressed by these proposals is “how to deal with product Z which is currently resulting in losses and thus pulling down the net profit of the entire product line”. The financial controller proposed a termination of the production of the product while the marketing manager suggested a £1 per unit reduction in the price so as to increase the demand of the product. On the other hand‚ the managing director thought that a 10%
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Financial Statement Differentiation There are four different types of financial statements; they are balance sheets‚ income statements‚ retained earnings statements‚ and statements of cash flows. Each of these financial statements are important to investors‚ creditors‚ and management in various ways. This paper will provide further insight into these financial statements as well as explore‚ which of these would be of interest to investors‚ creditors‚ and management. Financial Statements
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