equation are assets‚ liabilities‚ and equity. Assets include Cash‚ Accounts Receivable‚ Notes Receivable‚ Prepaid Expenses‚ Land‚ Building‚ Equipment‚ Furniture‚ and Fixtures. Liabilities include Accounts Payable‚ Notes Payable‚ Accrued Liability‚ and Unearned Revenue. Equity includes Owner’s Capital‚ Owner’s Withdrawals‚ Revenue‚ and Expenses. 2. Companies need a way to organize their accounts so they use a chart of accounts. Accounts starting with 1 are usually Assets‚ 2 – Liabilities‚ 3 – Equity
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The commencement of E-Trading and Demat has transformed the capital market in India. With the help of Demat and Trading account‚ buying and selling of shares has become a much faster and even process than trading with the assistance of a physical broker. It provides for the assimilation of bank‚ broker‚ stock exchange and depository participants. This helps to get rid of the painstaking procedure of investing in stock exchange. Today‚ if one wants to invest in stock market‚ he has to contact a broker
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The role of account management is to serve as a connection between client and agency emphasizing its resources on client’s needs. It has the responsibility of handling the client’s expectations such as managing the client’s business‚ having good knowledge of the product‚ business and market. Basically‚ an excellent account person is a master of being a generalist. The account management team have a clear understanding for every departments in the agency such as creative‚ media‚ internal services
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undergraduates at a university are considered? a. S = {in-state‚ out-of-state} b. S = {freshmen‚ sophomores} c. S = {age under 21‚ age 21 or over} d. S = {a major within business‚ no business major} __B__ 14. In the set of all past due accounts‚ let the event A mean the account is between 31 and 60 days past due and the
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One of the stated purposes for writing the account was Las Casas’s fear of Spain coming under divine punishment and his concern for the souls of the native peoples. The account was one of the first attempts by a Spanish writer of the colonial era to depict the unfair treatment that the indigenous people endured during the early stages of the Spanish conquest of the Greater Antilles‚ particularly the island of Hispaniola. Las Casas’s point of view can be described as being heavily against some of
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Armstrong’s materialist account of mind‚ and then I will argue the short-comings of the theories of behaviorism and science in accounting for the nature of mind in relation to Armstrong’s original perspective of what the mind is. Background In order to discuss Armstrong’s theories‚ we must first introduce ourselves to the fundamental base of his claims‚ which is the Doctrine of Science. The established scientific doctrine is explained as‚ “… the view that we can give a complete account of man in purely
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Traditionally Accounts were of 3 type:- 1. Personal Accounts- All individual & artificial accounts. Individual accounts like Ram’s a/c‚ Rakesh’s a/c. Artificial A/cs like M/s Sultan chand’s a/c‚ HDFC Bank’s a/c etc. and outstanding and prepaid accounts fall under this. Rule- Dr. the receiver Cr. the giver 2. Real Accounts- All assets‚ tangible & intangible come under this. Tangible assets like land & building‚ plant & machinery‚ furniture etc. and Intangible assets like goodwill‚ patents
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Garcia believes that the term “racism” is defined as an ill-will‚ a lack of benevolence‚ which is morally wrong. Simply‚ racism is created from hatred that originates in one’s heart. He describes this animosity with his coined phrase‚ the “volitional account of racism” (Garcia 251). Two that disagree with Garcia’s definition are Luc Faucher and Edouard Machery‚ whom take a psychological view‚ and state that racism is based off an “implicit racial bias‚” that “people are not aware of having” (Faucher and
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following members. It should contain data members to store a bank customer’s balance and account number. These should be of different and appropriate data types. It should have function members that do the following: set the account number; return the account number; return the account balance; deposit money into the account; and withdraw money from the account. STEP 2: Create the CheckingAccount Class Derived From the BankAccount Class Back to
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fraud. | Trace a purchase order (PO) from fulfillment to initiation to determine if the proper stakeholders approved the PO and if the order was fulfilled correctly. | 2. Independent reconciliation of the monthly bank statements | Compare accounts for discrepancies (posting and summarization). | Examine and ensure that all in house and bank data coincides to prevent and /or correct possible errors. | Obtain originals of the statements pertaining to six months of the audit period and reconcile
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