NATURE OF ACCOUNTS A separate account is maintained for each item in the balance sheet. Transactions may be recorded by entering the amount by which each item is affected into the respective account. The process of recording transactions consists of • T-Accounts. The T-account‚ named for its shape‚ is a convenient way of representing an account on a piece of paper. The T‚ with the account name entered at the top‚ permits transaction information to be entered on either side of the vertical
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ACCOUNT BALANCES For many purposes‚ it is necessary to determine the balance in an account. This is accomplished by adding the debits‚ credits‚ and determining the difference between the two sums. An account is said to have a debit balance if the sum of the debit entries to that account exceeds the sum of the credit entries. Conversely‚ an account has a credit balance if the sum of the credit entries exceeds the sum of the debit entries. Asset accounts normally have debit balances inasmuch as
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Part 1 – Economic Impact on the Macro Economy Economics is an important part of the business world. There are different terms used in the business world that apply to everyday life in households. There are various factors that affect the economy such as gross domestic product‚ real GDP‚ nominal GDP‚ unemployment rate‚ inflation rate‚ and interest rates. These factors influence how people purchase groceries‚ whether businesses will conduct massive layoffs of employees‚ and a decrease in taxes
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prehistoric times. The ancient Egyptians‚ Babylonians‚ and Greeks all used it. The purpose of the arch in these cultures‚ however‚ was limited to supporting small structures‚ such as storerooms‚ and people often used columns to support the roof. This design limited the size and scope of a building. As a result‚ builders could not construct extremely large palaces or government buildings. The ancient Romans created an arch that could support huge amounts of weight. How did the Romans accomplish this
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MARKETING Fundamentals of Customer Value To create successful customer relationships‚ companies must understand what their customers care about and what value proposition appeals to them. by Mohanbir Sawhney Kellogg School of Management S uccessful customer relationships are built on the bedrock of superior customer value. To attract and retain your most important customers‚ you must understand what they care about and what value propositions will appeal to them. While “value” is an overused
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Chapter 1 Nursing Images throughout History 1) The angle of mercy 2) The handmaiden 3) The battle-ax 4) The naughty nurse 5) The military image A. Nurses on the battlefield Hospitalers – specialized soldiers who at the end of battle returned to the outposts to care for the sick and injured Army nursing service – organize nurses and hospitals and coordinate supplies for the soldiers during the Civil War Clara Barton a. Provided care in tents set up close to the fighting b. Did not discriminate
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A. What is the practice or habit? The Set & Prop Designer should start to consider all aspects of a production that contributes to the overall effect. I said this because she was more concerned about her own set design and not taking into account other aspects such as whether the casts will be comfortable in that particular setting or whether it complements with the lighting effects. B. Does the Set & Prop Designer already have a similar practice or habit? I notice that the
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Fundamentals of Research Methodology Monique Vann PSYCH 540 March 24‚ 2013 Jeanne Henry‚ Ph.D. Fundamentals of Research Methodology This paper will explore the fundamentals of research methodology in the Psychology field and discuss the importance of psychology. The answers to these questions are the basis for the theories that led to research. Research is the groundwork performed by Psychologists in order to answer questions about behavior and the mind. The outcome of the research will
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EXAM SAMPLE EXAM 1. The accounting process does not include: a. b. c. 2. d. e. labor unions all of the above statement of owner’s equity income statement balance sheet d. e. both b and c all of the above This account does not appear on the income statement: a. b. c. 6. lenders prospective owners customers Expenses can be found in the: a. b. c. 5. balance sheet balance sheet and journals balance sheet and income statement income statement
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(Also known as "T" Account and Account) Having passed the double or journal entries‚ the next step is to post these double or journal entries into Ledger accounts. Ledger account or an account is simply the classification of double entries which we have made in General Journal or any other journal. In an account we bring together all similar entries in one place. For example a company has purchased goods on 4th and 7th January‚ we would put both entries in purchases account because of their similar
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