Types of Receivables Accounts Receivable: amounts due from customers for sales on credit. Businesses sell to customers on credit in an attempt to increase their sales. Also called Trade Debtors. Bills Receivable: similar to accounts receivable but bills receivable are a legal instrument. Interest is charged on the bill receivable and it usually gives more time to pay than accounts receivable. interest receivable‚ rent receivable Accounts Receivable Recognition of accounts receivable Recorded
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trading of electronic products. A bank statement which showed a credit balance of $170‚000 at 30 September 2009 was received. The bank balance shown on the bank statement failed to agree with the balance shown on the cash book. Upon investigation‚ the following were discovered: (i) Interest of $8‚500 had been debited by the bank but had not been recorded in the cash book. (ii) Cheques amounting to $100‚000 had been issued but not yet been presented to the bank for payment. (iii) A standing
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Chapter 1 Open Innovation: A New Paradigm for Understanding Industrial Innovation Henry Chesbrough Executive Director Center for Open Innovation‚ IMIO Walter A. Haas School of Business‚ F402 University of California‚ Berkeley Berkeley‚ CA 94720-1930 Office: 510 643-2067 FAX: 510 642-2826 October 26‚ 2005 To appear in Henry Chesbrough‚ Wim Vanhaverbeke and Joel West‚ eds.‚ Open Innovation: Researching a New Paradigm‚ Oxford University Press (2006) 1 Defining Open Innovation
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that connects surplus and deficit agents. The classic example of a financial intermediary is a bank that consolidates deposits and uses the funds to transform them into loans. Through the process of financial intermediation‚ certain assets or liabilities are transformed into different assets or liabilities. As such‚ financial intermediaries channel funds from people who have extra money or surplus savings (savers) to those who do not have enough money to carry out a desired activity (borrowers).
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EXAMPLES OF ACCOUNTS FALLING UNDER EACH ACCOUNTING EQUATION ELEMENT: Current Assets Cash - A current asset account which includes currency‚ coins‚ checking accounts‚ and undeposited checks received from customers. The amounts must be unrestricted. (Restricted cash should be recorded in a different account.) Petty Cash Fund - A current asset account that represents an amount of cash for making small disbursements for postage due‚ supplies‚ etc. Notes Receivable - An asset representing the
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Open Boat Symbolism allows writers to suggest their ideas within a piece of literature. This is found in most types of writing. Stephen Crane expresses this in his short story‚ The Open Boat. Through symbolism and allegory‚ it is demonstrated that humans live in a universe that is unconcerned with them. The characters in the story come face to face with this indifference and are nearly overcome by Nature’s lack of concern. This is established in the opening scenes‚ the "seven mad gods" and in
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REFLECTIVE ACCOUNT I started my shift at 7:15 am. My work clothes are comfortable and unrestrictive; my footwear is flat‚ sensible and offers protection to my feet and ankles. When I arrive to the service user’s home‚ I knock on the door and wait to be let in either by one of the service user’s or by a work colleague. Once inside I greet the service user‚ if they are awake. I then head to the sleep in room‚ to start verbal handover with my work colleague. After the 15 minute handover‚ I then
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Open Carry: Homeland Defense Aid or Hindrance Milliahn Valentino Wilmington University Armed and ready‚ the Miracle family of Sterling Heights‚ Michigan is fully prepared to take on any terrorist threat. Like a growing number of Americans‚ they believe such readiness‚ including a house with 25 firearms‚ is their civic duty. According to Lee Miracle‚ “We see preparedness as like having a fire extinguisher – you never want to use it‚ but it is there”. Lee Miracle also believes in his right to
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Cloud Server with OpenFlow: Load Balancing Surya Prateek Surampalli Information Technology Department‚ Southern Polytechnic State University ssurampa@spsu.edu Abstract—in high-traffic Internet today‚ it is often desirable to have multiple servers that represent a single logical destination server to share the load. A typical configuration comprises multiple servers behind a load balancer that would determine which server would serve the request of a client. Such equipment is expensive
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Chairs N More Table of Contents Acknowledgements………………………………………………………………………………………………………………………..3 Aim of Study…………………………………………………………………………………………………………………………………...4 Introduction…………………………………………………………………………………………………………………………………….5 Chapter 1…………………………………………………………………………………………………………………………………………6 Transactions-Sept……………………………………………………………………………………………………………………………7 Cash Book………………………………………………………………………………………………………………………………………..8
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