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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w w om .c Paper 3 Practical Test s er *5038468512* INFORMATION AND COMMUNICATION TECHNOLOGY ap eP m e tr .X w UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education 0417/31 May/June 2012 2 hours 30 minutes Additional Materials: Candidate Source Files READ THESE INSTRUCTIONS FIRST Make sure that your Centre number‚ candidate number and name are written at the top of this page and are clearly visible on every printout‚ before it is sent
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entity’s activity is what is used to develop an overall framework for an entity to meet its objectives. 2. General controls and application controls are established in the electronic data processing department. Control activities‚ IT should be independent and should not correct data submitted by user departments. 3. Management acts to reduce or eliminate incentives and temptations that might lead individuals to engage in dishonest or illegal acts. Control environment. Management leads by example
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Film Review – Tory Story 3 Toy Story 3 is a 3D computer animated comedy film from United States. This movie is the third one of this series of Toy Story. It was produced by Pixar Animation Studios. In Toy Story 3‚ Andy is going to leave home for College and he has to leave his toys because he can’t bring them to the College. He only takes Woody along with him to the College. Someday‚ the others toys find themselves at the day-care center. Andy’s mother donate them to there and the toys think that
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adoption as well as closed adoption‚ something everyone should be educated on if pursuing an adoption journey. Perspective adoptive parents should educate themselves or get legal definitions of both closed and open adoption. It is important to know and understand the choices one may have as an adoptive parent. Adoptive or perspective adoptive parents need to understand the types of adoptions and understand how it may affect their family as a whole including the adoptee. “In closed adoption‚ the
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NATURE OF ACCOUNTS A separate account is maintained for each item in the balance sheet. Transactions may be recorded by entering the amount by which each item is affected into the respective account. The process of recording transactions consists of • T-Accounts. The T-account‚ named for its shape‚ is a convenient way of representing an account on a piece of paper. The T‚ with the account name entered at the top‚ permits transaction information to be entered on either side of the vertical
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Accounts receivable is a legally enforceable claim for payment from a business to its customer/clients for goods supplied and/or services rendered in execution of the customer’s order. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame. Accounts receivable is shown in a balance sheet as an asset. It is one of a series of accounting transactions dealing with the billing of a customer for goods and services that the
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SHC 31: Promote communication in health‚ social care or children’s and young people’s setting 1. Understand why effective communication is important in the work setting 1.1 Identify the different reasons people communicate The communication is part of the human life‚ most of the people are communicate with others all the time in a conscious way or without intention to build a kind of relationship‚ basically in two forms verbal where we use words to present ideas or non-verbal expressing
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A PROJECT REPORT ON CONSOLIDATED FINANCIAL STATEMENT SUBMITTED TO THE UNIVERSITY OF MUMBAI AS A PARTIAL REQUIREMENT FOR COMPLETING THE DEGREE OF M.COM (ACCOUNTS) SEMESTER I SUBJECT: ADVANCED FINANCIAL ACCOUNTING SUBMITTED BY: SHUBALAXMI.UMESH.SHETTY ROLL NO.: 47 UNDER THE GUIDANCE OF PROFESSOR DHANABALU.R.NAIKAR SIES COLLEGE OF COMMERCE AND ECONOMICS‚ PLOT NO. 71/72‚ SION MATUNGA
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Uncollectible Accounts Lesley-Ann Herard ACC 281 John Istvan November 17‚ 2014 Uncollectible Accounts Charity care in a health care environment gives patients reduced or even free services to those who have low incomes. The idea of charity care was associated to the way hospitals helped low- income families. The write-offs and potential costs that are provided to the patients are determined before anything is done. It is up to the discretion of the hospital if any or all the cost is
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