(Also known as "T" Account and Account) Having passed the double or journal entries‚ the next step is to post these double or journal entries into Ledger accounts. Ledger account or an account is simply the classification of double entries which we have made in General Journal or any other journal. In an account we bring together all similar entries in one place. For example a company has purchased goods on 4th and 7th January‚ we would put both entries in purchases account because of their similar
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Leverage Ratios Debt Equity ratio 0.42 0.93 0.98 1 0.83 1.52 2.28 0.45 0.4 0.41 Interest Coverage ratio 8.33 2.27 5.83 5.23 3.68 4.53 1.27 2.76 6.36 6.95 AUTOMOBILE SECTOR Interpretation of ratios Profitability Ratios Gross Margin Ratio From the above chart it is clearly seen that Gross Profit Margin of Ashok Leyland is decreasing because of various factors such as increase in raw material
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Banking Sector in India The banking system in India is controlled under the supervision of Reserve Bank of India‚ which was established on April 1‚ 1935. All the functions of RBI are performed under the guidance of Board for Financial Supervision (BSF). The primary objective of BFS is to take charge of the financial sector comprising commercial banks‚ financial institutions and non-banking finance companies (RBI‚ AboutusDisplay). ING Vysya Bank ING Vysya Bank Ltd is a premier bank in the Indian
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what is known as the ‘Tertiary Sector’ of the economy. This ‘service industry’ is one of 3 other sectors in an economy‚ the 2 other sectors are: secondary sector and primary sector. The primary sector deals with ‘extraction’ such as farming‚ fishing & quarrying. The secondary sector deals with manufacturing and construction. ‘According to the theory the main focus of an economy’s activity shifts from the primary‚ through the secondary and finally to the tertiary sector. Fourastié saw the process as
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The Chart of Accounts The increases and decreases in accounting element as affected by a business transaction are recorded in a device called account name‚ account title or account. Each accounting element is composed of several accounts which describe the related economic transactions and events. To maintain uniform account name‚ the business must have a listing of all the accounts it uses to record economic transactions. This listing of all accounts is called “Chart of Accounts.” The Chart of
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5. Accounting and Business techniques used. 2.5.1 Financial Ratios • Liquidity Ratios It is very crucial that an organisation meets its day to day obligations as they fall due. It is possible that an organisation that has very good and positive looking financial statement may experience liquidity problems. Hence measuring liquidity allows the organisation to better monitor its cash flows. Two commonly used ratios to measure liquidity are shown below
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They are also our companions when we are alone‚ and they make us smile when we are sad. Did you know that they help us more than we think? They saved millions of people that were dying from illnesses and that need medical assistance. You may ask‚ how if they are only animals? Scientists test in them to find the reaction to a medicine that has not been tested‚ but that could help many people from a rare illness‚ that is killing a lot of people. For example‚ the California Biomedical Research Association
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give some advices to Peter who retired as an engineer and never contact with business in the past. Through this report‚ firstly‚ you can see several forms of business organization which are sole proprietorship and partnership. Secondly‚ it will show that some background about Peter and some advices to him. Then‚ it is about introduction of accounting and benefits of an accounting system with a flow chart of a simple accounting system. Finally‚ it is conclusion about this report. 2.0 Introduction
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ACCOUNTING COMPETENCY EXAM SAMPLE EXAM 1. The accounting process does not include: a. b. c. 2. d. e. labor unions all of the above statement of owner’s equity income statement balance sheet d. e. both b and c all of the above This account does not appear on the income statement: a. b. c. 6. lenders prospective owners customers Expenses can be found in the: a. b. c. 5. balance sheet balance sheet and journals balance sheet and income statement
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a ACCOUNTS SCHOOL BASED ASSESSMENT PROJECT ST GEORGES COLLEGE 2010 Chevaughn Barrant who previously worked for Shady Spring Developers was made redundant and received $1‚500‚000 as his redundancy payment which he used to open his own sole trader business known as C.J’s Computer and Accessories where he trades in computers and parts. He decided to operate the business for two months August 1‚ 2010 to September 30‚ 2010 and the transactions are as follows: 2010 Aug 1 Started business
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