Debits & Credits In each and every accounting transaction‚ there are at least two elements (accounts) involved. These accounts are either debited or credited‚ with the amount that is reflected in the transaction‚ depending on the nature of the account (Real/Personal/Nominal) and the rule applicable to it. Golden universal rules of Debits & Credits Accounting elements are categorized into three groups; Real - examples are cash‚ equipment‚ furniture etc. Personal - Proprietor’s Capital
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Michael was born on February 23‚ 1965‚ in Houston‚ Texas. When he was 12 years old‚ he issued his first product catalog called “Dell’s Stamps‚” which he advertised in a local trade journal. By going directly to the ultimate user‚ he learned his first lesson about developing a direct relationship with the customer. Michael was interested in technology from an early age. (Krames‚ J. 2003‚ p. 58) When he was 15‚ he bought a computer to take it apart just to see how it worked. During his high school
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DISTANCED BY DEFAULT OR THE MANDATES OF MARGINALIZATION IN CAMUS’ L’ÉTRANGER Mary Jo Muratore* T he enigmatic Meursault has preoccupied readers for over a half a century‚ and there is little danger that critics will exhaust any time soon the interpretive possibilities Camus’ narrative provides. Because of Camus’ pivotal role in the existentialist movement‚ L’Étranger is often read as a kind of philosophical bildingsroman wherein the protagonist moves from a state of selfindulgent unawareness
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Facebook Takes Credits Where Credits Are Due Chapter 10 Management 5000 Abstract Facebook is a social networking service launched in February 2004‚ owned and operated by Facebook‚ Inc. As of September 2012‚ Facebook has over one billion active users‚ more than half of them using Facebook on a mobile device. Users must register before using the site‚ after which they may create a personal profile‚ add other users as friends‚ and exchange messages‚ including
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merchant bank in the United Kingdom at the time of its collapse (Robert 2002). Initially its main business was financing foreign trade. After the deregulation of financial market in 1986‚ Barings expanded aggressively into derivative trading and recruited some extreme risk takers. Aiming at being the pioneer in speculative derivative trading‚ The Bank appointed Nick Leeson who seemed to understand financial market as the Chief trader in Barings Futures Singapore (BFS). During the first stage
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Since the advert of credit cards‚ using them as a means of purchasing goods has increasingly become adopted by a growing number of consumers. We have witnessed incredible advances in the field of credit cards that make our life easier. Nevertheless‚ there are disadvantages that must also be taken into account. There are many benefits to shopping on credit. To begin with‚ owing a gredit card gives you the convenience to buy now whatever you want and pay in the future. For example‚ a newly married
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Nationalisation of Banks Despite the provisions‚ control and regulations of Reserve Bank of India‚ banks in India except the State Bank of India or SBI‚ continued to be owned and operated by private persons. By the 1960s‚ the Indian banking industry had become an important tool to facilitate the development of the Indian economy. At the same time‚ it had emerged as a large employer‚ and a debate had ensued about the nationalization of the banking industry. Indira Gandhi‚ then Prime Minister of India
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Module Name: CREDIT & LENDING Word Count: 2701 Number of Pages: 15 Statement of Authenticity To be completed by all students Unless otherwise stated‚ this assignment and its appendices are all my own work. Name of Candidate: LOVY JEAN Student Number: Signed: Date: Dec 8‚ 2013 QUESTION 1: In general terms‚ banking involves the business activity of accepting customer’s deposits at a small cost to the bank and then lending
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was forced to seek bankruptcy protection yesterday‚ while an even bigger institution‚ Merrill Lynch‚ was pushed into a merger to avoid the same fate. And American International Group‚ the largest insurer in the United States‚ declared that it needs at least a $40-billion (U.S.) lifeline to shore up its deteriorating capital base and prevent credit downgrades. The U.S. government‚ which had earlier stepped in to salvage two battered mortgage giants‚ drew the line at Lehman Brothers” Many great corporations
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institution from suffering unacceptable loss causing an institution to suffer or materially damage its competitive position. Functions of risk management should actually be bank specific dictated by the size and quality of balance sheet‚ complexity of functions‚ technical/ professional manpower and the status of MIS in place in that bank. 1.2 INTRODUCTION Risk: the meaning of ‘Risk’ as per Webster’s comprehensive dictionary is “a chance of encountering harm or loss‚ hazard‚ danger” or “to expose
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