Published Accounts Practice Question 1 The following trial balance was extracted from the books of Eavis plc on 31 December 2009: £000 £000 Sales 11‚700 Provision for depreciation: Plant 738 Vehicles 375 Rent receivable 100 Trade payables 738 Debentures 250 Issued share capital: Ordinary £1 shares 3‚125 Preference shares (treated as equity) 625 Share premium 250 Retained earnings
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How to Open a Savings Account in State Bank of India. State bank of India is one of the leading public sector banks in India. My first savings bank account was in SBI and I can say by experience that it offers best services among the public sector banks I had visited so far. If you are looking for getting a savings account opened in State bank of India‚ this post will certainly help you. Documents required for opening a savings account in SBI-Two documents are required essentially- first is photo
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QUIZ CHAPTER 3 ACTG 500 BE 161 Prepare adjusting entries for the following transactions. Omit explanations. 1. Depreciation on equipment is $800 for the accounting period. 2. There was no beginning balance of supplies and purchased $500 of office supplies during the period. At the end of the period $80 of supplies were on hand. 3. Prepaid rent had a $1‚000 normal balance prior to adjustment. By year end $600 was unexpired. Solution 161 |1 |Depreciation Expense
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Describe and analyse a subculture with which you are familiar. The definition of a subculture is a culture within a culture where a group develops distinctive norms and values that are different from those of the mainstream culture. The subculture that I will be writing about is called the Fan Base which is also know as the Fandom. A fan base or fandom is a group of regular supporters and enthusiasts that spend a rather large amount of time and energy focussing on a team‚ musician or musical
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the selected offer adequately meets the requirements. (v) The procuring authority should be satisfied about the price of the selected offer as reasonable and consistent with the quality required. (vi) Procuring authority must place on record precisely the considerations which weighed while taking the procurement decision. (vii) Demand for goods should not be divided into small quantities to make piecemeal purchases to avoid necessity of obtaining sanction of higher authority. (viii)
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record keeping What is recordkeeping? Recordkeeping is the making and maintaining of complete‚ accurate‚ reliable evidence of business transactions. Why is recordkeeping important? Good business requires good recordkeeping. In competitive business environments and strict accountability structures‚ it is vital that organisations have the evidence and information they need to drive and support their business operations. ------------------------------------------------- What are recordkeeping systems
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Introduction to Control Accounts • Trade receivables are reported as a current asset and trade payables are reported as current liability in the balance sheet at the end of an accounting period. • It is important‚ therefore‚ that a business taken steps to ensure the accuracy of these figures. • One such step is the preparation of Control account to confirm that the total of the sales ledger balances and the total of the purchases ledger balances are accurate What is Control Account? • A control
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Adjusting Entries – Examples Let’s work with some examples. We are working with a one year accounting period that ends on 12/31/X2. Let’s use a three step process. Step 1 – Analyze the transaction. Step 2 – Record in the journal. Step 3 – Post to the ledger. Example 1: On 12/31/X2 (before the adjusting process)‚ Supplies‚ an asset‚ has a balance of $2‚500. Employees take a physical account of the supplies on hand. That physical count reveals that $1‚200 of supplies remains. Step 1 ‐‐ The balance
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In the extract‚ The Birlings are celebrating the engagement of Sheila and Gerald. Even though everything seems fine‚ there are a few signs that not everything is perfect; Mr Birling is a bit too anxious impress Gerald‚ Eric seems rather nervous and Sheila is half-joking‚ half-serious to Gerald about last summer. Even though Mr and Mrs Birling are happy about the engagement‚ Priestley gives us hints that The Crofts disapprove of the marriage as they weren’t at The Birlings’ dinner and Gerald’s mother
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Describe how two businesses are organised (P3) I am going to talk about two organisations and how they operate. The organisations I am going to talk about are McDonalds and Chester Zoo. McDonalds is a fast food restaurant and its purpose is to provide the best and fastest customer service so in this way it will give the organisation a good reputation and help them to make more profit. [pic] This shows how stuff work in McDonalds. If there would be a problem with customers for example‚ then
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