That’s why different financial institutions offering different return rates on their different depository schemes. Deposit having high maturity has high rate of return and those having low maturity has low rate of return. For instance the current account has very shorter maturity having offered no return‚ and saving deposits have high maturity offered high rate of return. The difference among the Islamic and conventional banking system can be judged on the basis of risk involvement. The Islamic
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Table 1: Aging Schedule of Accounts Receivable AGE OF ACCOUNT | BALANCE OUTSTANDING | % OF TOTAL BALANCE OUTSTANDING | 0-15 days | $ 20‚000 | 19.59 % | 16-30 days | 30‚000 | 29.39 | 31-60 days | 40‚000 | 39.19 | 61-90 days | 10‚000 | 9.80 | Beyond 90 days | 2‚071 | 2.03 | TOTAL | $ 102‚071 | 100.0 % | 2. To evaluate the credit quality of Aero-Strip’s accounts receivables portfolio‚ we turn to their average collection period (ACP) and aging of accounts receivable. Knowing the ACP
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following transactions were completed during April. (a) General Journal J1 |Date | |Account Titles and Explanation | |Ref. | |Debit | |Credit | |Apr. 4 | |Merchandise Inventory | |120 | | 840 | | | | | |Accounts Payable | |201 | |
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SCAN DETAILED LIST OF ACCOUNTS RECEIVABLE (4). 4. Scan the detailed list of trade accounts receivable and investigate significant unusual items (e.g.‚ credit balances and zero balances). Done by Date ..../../.. GUIDANCE: When scanning the detailed list of accounts receivable (aged by customer‚ if practicable)‚ the auditor should be
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Vol. 6‚ 2012-46 | November 29‚ 2012 | http://dx.doi.org/10.5018/economics-ejournal.ja.2012-46 Are Current Account Deficits Sustainable? New Evidence from Iran Using Bounds Testing Approach to Level Relationships Hassan Heidari Urmia University Salih Turan Katircioglu Eastern Mediterranean University Narmin Davoudi Islamic Azad University Abstract This paper provides new evidence on the long-run relationship between exports and imports of the Iranian economy by employing bounds testing
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illustrate my opinion. Australia is a country that has had a current account deficit for over 50 years. Furthermore‚ forecasts on this current account deficit tend to show that if there is no increase of international competitiveness and decrease of reliance of overseas capital goods‚ the situation will keep on getting worse. Nevertheless‚ if a multinational company wants to invest in a country that tends to have a current account deficit‚ it must bear in mind that one of the ways to decrease this
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Partnership deed. • Provisions of the Indian Partnership Act 1932 in the absence of partnership deed. • Fixed v/s fluctuating capital accounts‚ division of profit among partners‚ guarantee of profits‚ past adjustments (relating to interest on capital‚ interest on drawing‚ salary and profit sharing ratio)‚ preparation of P&L Appropriation account. • Goodwill: nature‚ factors affecting and methods of valuation - average profit‚ super profit‚ and capitalization Unit 2. Accounting
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remittances to the cashier. The cashier prepares a listing of the cash receipts and forwards a copy of the list to the accounts receivable clerk for recording in the accounts. I think that this could be weak because what I think should happen is that the mail clerk should make the list of the receipts and send it to the manger or supervisor where then it is sent to the account receivable clerk for recording. I think by the mail clerk to just send it to the cashier could leave room for errors or
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1. Sully Company uses 3‚000 yards of canvas each day to make tents. It usually takes ten days from the time Sully orders the material to when it is received. If Sully’s desired safety stock is 12‚000 yards‚ what is Sully’s order point? a. 12‚000 yards b. 21‚000 yards c. 30‚000 yards d. 42‚000 yards ANS: D 3‚000 (daily usage) x 10 (lead time) 30‚000 Safety stock 12‚000 Order point 42‚000 PTS: 1 DIF: Moderate REF: P. OBJ: 1 NAT: IMA 3A - Strategic Management TOP: AACSB - Analytic 2. What
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Statistics‚ Economics‚ Engineering‚ and many other subjects. The following are the balances in the accounts for Joan Miller Advertising Agency as of January 31‚ 2001: Cash Accounts Receivable Fees Receivable Art Supplies Office Supplies Prepaid Rent Prepaid Insurance Art Equipment Accumulated Depreciation‚ Art eq. Office Equipment Accumulated Depreciation – Office Eq. Accounts Payable Unearned Art Fees Wages Payable Joan Miller‚ Capital Totals Debit Credit $1‚720 2
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