is Recurring Deposit Account ? Meaning ↓ Recurring deposit account is generally opened for a purpose to be served at a future date. Generally opened to finance pre-planned future purposes like‚ wedding expenses of daughter‚ purchase of costly items like land‚ luxury car‚ refrigerator or air conditioner‚ etc. Recurring deposit account is opened by those who want to save regularly for a certain period of time and earn a higher interest rate. In recurring deposit account certain fixed amount
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Convertability on Capital Account The capital account‚ takes into account cross-border flow of funds that are associated with financial or other assets in the trading countries. For example‚ the direct and portfolio investments made by foreign investors‚ in India‚ are captured by the capital account balance of the BOP. The capital account also encompasses foreign investments of Indian companies‚ foreign aid and bank deposits of Non-resident Indians (NRI). Capital account convertibility implies
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Salem Witch Trials: Hanging’s In1688‚ John Putnam invited Samuel Parris to preach in the Village church (“An Account of. . .”). A year later inflation adjustments‚ and free firewood‚ Parris accepted the job as Village minister r(“An Account of…”). He moved to Salem Village with his wife Elizabeth‚ his six year old daughter Betty‚ niece Abagail Williams‚ and his Indian slave Tituba (“An Account of…”). Sometime during February of 1692 young Betty Parris became strangely ill (“Salem Witch Trials”). The
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Company during January‚ its first month of operations‚ are listed below. Assume that Franklin Company uses the following journals: Cash Receipts (CR)‚ Cash Payments (CP)‚ Revenue (R)‚ Purchases (P)‚ and General (G). Assume that it uses Accounts Receivable and Accounts Payable Subsidiary Ledgers as well as a General Ledger. Indicate by letters which journal would be used for each transaction. Also indicate if the entry requires a posting to a subsidiary ledger. The transactions completed by Franklin
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Ovid’s Account of Narcissus is part of the third book of Metamorphoses. The poem had such an impact that artist Salvador Dali made a painting called “The Metamorphoses of Narcissus.” Salvador Dali was a surrealist artist whose mission was to channel the unconscious as a means to unlock the power of the imagination. Dali’s painting uses many methods to connect his art with the story. Using formal elements like contrasting colors and balancing the left and right sides‚ Dali’s painting echoes images
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PAKISTAN CURRENT ACCOUNT TO GDP Pakistan recorded a Current Account deficit of 2 percent of the country’s Gross Domestic Product in the fiscal year 2011-12. Current Account to GDP in Pakistan is reported by the State Bank of Pakistan. Pakistan Current Account to GDP averaged -2.32 Percent from 1980 until 2012‚ reaching an all time high of 4.90 Percent in June of 2003 and a record low of -8.50 Percent in June of 2008. The Current account balance as a percent of GDP provides an indication on the level
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In order to examine the perspective and purpose of Bede’s account of Augustine’s mission as described in the Historia ecclesiastica gentis Anglorum‚ it is imperative to critically consider the motives and cognitive framework working to inform the Historia’s author Bede. However‚ this task in itself proves challenging‚ as nearly everything that is known of Bede’s life is given in a limited amount of conscientiously crafted autobiographical remarks in the last chapter of the Historia. From this information
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$600000 and a hand tools expense of $150000 in its profit and loss account. (5 marks) 2. The cash book of Ronald Limited showed a favourable bank balance of $98777 at 30 April 2001. An examination of the bank column in the cash book and the bank statement disclosed the following: iii. Dividends amounting to $752 had been credited by the bank but not entered in the cash book. iv. The bank had credited the company’s account with $3725 being the proceeds of a bill receivable. This amount
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CHAPTER ONE THE PROBLEM AND ITS APPROCH 1.1 INTRODUCTION Effective management of accounts receivable present important opportunities for companies. The primary objective of accounts receivable management is to collect money due and to assist in meeting cash requirement. An effective accounts receivable function can assist in achieving the desired cash flow out come through the timely collection of out standing debts. All companies have an objective of continually improving customer service
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After completing this chapter‚ you should be able to answer the following questions: LO.1 LO.2 LO.3 LO.4 LO.5 How are the outputs of a joint process classified? What management decisions must be made before beginning a joint process? How is the joint cost of production allocated to joint products? How are by-product and scrap accounted for? How should not-for-profit organizations account for the cost of a joint activity? PANCAKETOM/DREAMSTIME.COM 475 476 Chapter 11 Allocation of Joint
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