EXAMPLES OF ACCOUNTS FALLING UNDER EACH ACCOUNTING EQUATION ELEMENT: Current Assets Cash - A current asset account which includes currency‚ coins‚ checking accounts‚ and undeposited checks received from customers. The amounts must be unrestricted. (Restricted cash should be recorded in a different account.) Petty Cash Fund - A current asset account that represents an amount of cash for making small disbursements for postage due‚ supplies‚ etc. Notes Receivable - An asset representing the
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charges of £600 were charged to the bank account. • Wages of £12 000 were paid by cheque. Required: (a) Prepare the trial balance at 31 March 2011. (10) Additional information at 31 March 2011: • Operating expenses of £1 600 were accrued. • Depreciation is charged using the straight line method at the rate of: i) Premises 2% per annum ii) Fixtures and fittings 15% per annum. (b) Prepare the profit and loss account for the month of March 2011. (8) (c) Prepare
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Discuss the apparent incompatibility between freewill and determinism. Is there a satisfactory soft determinist account of freedom? If so‚ what is it? If not‚ what is the best such account and what objections does it face? The incompatibility between freewill and determinism lies in our contradictory beliefs in both freedom and science. We‚ as human beings‚ all believe that we have freewill as we can freely choose our human actions‚ which cannot be predicted. For example‚ although I chose to
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nershipCHAPTER 2 RECONSTITUTION OF A PARTNERSHIP FIRM Partnership is an agreement between the members of a firm for sharing the profits of the business carried on by all or any of them acting for all. Any change in this relationship amounts to reconstitution of the partnership firm. A change in the partnership agreement brings to an end the existing agreement and a new agreement comes into being. This new agreement changes the relationship among the members of the partnership firm. Hence‚ whenever
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The North American Free Trade Agreement is an agreement which created a trade block between the three largest countries in North America; Canada‚ United States and Mexico. On January 1‚ 1994 the agreement entered into force.1 This agreement sets the regulations for international trade and investment between the three NAFTA member countries. NAFTA’s purpose was to promote trade on many goods that originated and are traded between its members‚ by eradicating trade barriers over a period of 15 years
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in the individual accounts in ledgers. 4. Create preliminary trial balance 5. Adjusting entries 6. Create adjusted trial balance of the accounts 7. Combine sums in various accounts 8. Close books for current month Permanent accounts are also known as real accounts. These are accounts that do not close at the end of the accounting year. The permanent accounts are all of the balance sheet accounts (asset accounts‚ liability accounts‚ owner’s equity accounts) except for the owner’s
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go about saving your money. This way you will get an idea of how to save your money in a bank. First I will talk about a checking account. This is a type of account that is widely used by many to easily access their funds. Many different banks offer a wide variety of options. You should always carefully choose your account based on what your needs for the account will be. Another good option to look for is see what the required minimum balance is for each month. From personal experience‚ you need
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of determinism‚ which essentially states that all actions have a causal explanation due to the state of the world in the moment previous. However‚ the definition is clearly inadequate due to the fundamental flaws of determinism and its failure to account for deliberation or personal choice. A superior alternative is offered by what Taylor calls the theory of agency‚ but is more commonly known as libertarianism. In discussing a theory one must start with some data in order to prove the validity of
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Principles of Accounts School-Based Assessment On Blanna’s Fashion Boutique Submitted by : Anna Kay Blake Registration number: 1000290074 Submitted To: The Donald Quarrie High School School code: 100029 Territory: Jamaica This project is submitted in partial fulfillment of the requirements for certification in Principles of Accounts by the Caribbean Examinations Council
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The question that the textbook poses at the very beginning of chapter four is‚ “Are you Free” (Chaffee‚ 2013‚ p. 172)? Most people would look at this question as pretty cut and dry and would answer a resounding yes. Philosophically speaking‚ it is not that easy of an answer. You have to be willing to look at the question with an open mind‚ and ask yourself if the choices you make are truly free or if they are governed by forces outside of your control. In the following paper I intend
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