Checkpoint: Subsidiary Ledgers and Special Journals The advantages of using the four different special journals are you are able to post the total in the journal that it corresponds to one time at the end of the month. You are also able to have different people or departments handle the journal that pertains to them. By doing it this way‚ the accounting department will have better controls and there will be no conflicting responsibilities. The cash receipts journal is used when you have a debit to cash
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In the story of Beowulf‚ gold and treasure play a very important role in the last chapter of the story‚ when as an old man‚ Beowulf leaves to go and fight the dragon on which had unleashed its fury on the people in Beowulf’s kingdom because a thief had stolen a flagon (golden goblet) out of the dragon’s load of treasure. |...one dragon began to rage. It guarded a hoard high upon a hill in a very steep barrow of stone and it was seldom traveled by many man. However one man journeyed upon that cave
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“All that glitters is not gold.” Many things may appear very attractive. But‚ when they are examined‚ they often prove to be deceptive. One cannot judge the quality of a thing by seeing its exterior only. Thus is the proverb – “All that glitters is not gold.” A beautiful packaged product launched in the market after massive advertising campaign may attract the consumer. One who cannot afford to buy most of the goods is easily tricked in to buying fake and imitation goods. He may buy that product
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What are the major advantages of the use of books of prime entry? There are many major advantages of using prime entry for varying entries. The first advantage is that it helps to keep the records briefly as it is difficult to manage every single transaction in the main ledger as it occurs. Another advantage of using prime entry of accounting makes it easy to follow transactions and avoids the confusion occur if all of the different information was in one place. The separated information saves the
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Day gift: a gold pin...She spends most of the book working hard to earn it. Trying to find a job in a small neighborhood is hard. Mattie just got called off on a babysitting job and her mother is in bad condition. While shopping with her best friend Toni‚ Mattie finds the perfect gift for her mother for mother’s day but the problem was that she didn’t have enough money to buy such an expensive gift. She try to put a deposit and was left with 30days to come up with the money to buy the gold pin* with
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Adjusting Entries Yvenie Desire ACCT205-1203A-11 June 9‚ 2012 Adjusting Entries Welcome to the company and as an accounting clerk for the department you will be working a lot with the accounting department and with me. I will be mentoring you on certain aspect of accounting and what needs to be done. First we’ll get started with why adjusting entries are necessary. “Adjusting entries ensures that the correct amount of revenues and expenses are recorded in a specified time period.” (Editorial
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March 3‚ 2012 Dear Diary‚ I’m so upset!! I don’t even know where to begin! To start off‚ I think I completely failed my geometry quiz‚ which I know I should’ve studied more for...my dad’s not gonna be happy about that. :( Then‚ we had a pop quiz in history on the reading homework from last night‚ and I completely forgot most of what I read‚ which made me even more upset because I actually did the reading! But what really made me mad was the note that Sarah slipped into my locker during
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The Gold Cadillac by Mildred D. Taylor BACKGROUND The novella The Gold Cadillac takes place around 1950. African Americans‚ especially those living in the South during this time‚ continued to be treated unfairly. Experiences like the one the family in the story has when entering Mississippi outraged blacks and many whites. During the Civil Rights Era of the mid-1950s and 1960s‚ many people demanded changes in the laws across the nation. My sister and I were playing out on the front lawn when the
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yield upwards of 100 million ounces of gold. The Indonesian government was threatening to redistribute ownership of Busang‚ the mining region in which Bre-X had property rights‚ due to its fear that Bre-X was a short-term player not serious about extracting the gold or a long term commitment in Indonesia. These fears were justified given Bre-X’s small size (it had a net loss of $Cdn. 366‚677 in 1995 compared to a net income of $Cdn. 218 million from Barrick Gold Corp.‚ a potential government-corporate
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Communicating Consumer Behavior - An Exercise Using Personal Consumption Journals In consumer behavior‚ it is vital that upon completion of the course students have acquired a sound understanding of how consumers search for‚ purchase‚ and use products and services. Furthermore‚ students should also be exposed to the social and psychological influences on these behaviors. Finally‚ to have garnered the most benefit‚ students should understand how to integrate the theoretical concepts into their real
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