Individual Assignment Introduction to Financial Accounting (ACC106) Mega Lawa Trading is a sole proprietorship business owned by Milah Mela. Transactions below are the business activities for the month of December 2013. Date Transaction Effects of Transaction Principles of Double Entry 1 Started a business with a cash at bank for RM 15‚000 and cash in hand for RM 10‚000 3 Purchased machinery on credit from Happy Machine Supplies amounted to RM 90‚000 4 Bought inventories
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Andrew David 6/21/2014 Aliso Viejo Middle School Part 1 Chapter 1 1. The 12 Olympians gained control when Zeus dethroned Cronus and seized power. 2. I most identify with Hephaestus is because of my love of building and crafting. 3. Hera would punish the women Zeus fell in love with even if they were tricked and her anger even fallowed the children. Hera also threw Hephaestus off of mount Olympus because of his deformities. The reasons are not always justified‚ but the reason they are might be because
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weight of God’s wrath‚ according to the Bible‚ becomes white men’s ‘burden’ to carry […]” (Bush 1). Bible Revealed through myriad characters‚ Light in August not only proves that Southerners inculcate their practice of religion but also engender religious brutality. Presented through Reverend Hightower‚ Doc Hines‚ and Mr. McEachern‚ Light in August establishes distinctive notions of faith. Reverend Hightower “believed with a calm joy that if ever there was a shelter‚ it would be the Church; that if
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August Wilson‚ born Fredrick August Kittel Jr.‚ was one of the most prominent and influential American playwrights of all time. Raised as a native of Pittsburgh‚ Wilson allowed the world around him to directly inspire his work. As a result the Pittsburgh cycle‚ a ten play arrangement‚ was written to showcase each decade during the twentieth century. Joe Turner’s Come and Gone‚ set in 1911‚ is the second installment of the cycle. The Joe Turner character took on several personifications in African
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03/01/13 August Wilson’s Fences is a play set in 1957‚ about a man named Troy Maxon‚ who lives his life through societal expectations. He has a family that he destroys by having an affair and getting his mistress pregnant. In August Wilson’s Fences‚ the character who is most bound by societal expectations is Troy. Troy is most bound by societal expectations because he couldn’t live out his dream of becoming a star baseball player because of his past. He refuses to believe that society has changed
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The Accounting Cycle Accounting Cycle is an accounting process that involve a series of procedures in collection‚ processing‚ and communication of financial information. There are 7 basis steps of accounting cycle which comprise of source documents‚ prima entry‚ ledger‚ draft trial balances & financial statement‚ adjustments‚ adjusted trial balance & financial statement and closing entries. At first source documents‚ are things like invoice‚ credit note‚ debit note‚ cash bill
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profit and unappropriated profit. what is the accumulated profit and why do accountants and bookkeepers use different names for the same thing? (6 marks) Accumulated profits is profits that are not paid as dividend but is transfered over to the accounts for the next year. Also can be used to reinvest in the core of the business to help pay off debts or to purchase a capital asset. The reasons why accountants and bookkeepers use different names for the same thing is because bookkeepers are the people
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m.Module 3 CAPITAL BUDGETING Meaning of Capital Budgeting :- Capital Budgeting is the process of making Decisions regarding long term investments in Fixed Assets which are not meant for sale. It is long range planning to employ the available capital for the purpose of maximizing the long term profitability of the concern. Definition of Capital Budgeting:- Prof I.M.PANDEY Defines Capital Budgeting as the firms decision to invest its current funds most efficiently in long term activities
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Identify Controls 18 points (2 points each) What control or controls would you recommend in a computer processing system to prevent the following situations? A. Working through the main control console‚ the night shift computer operator made a change in a payroll program to alter his rate of pay in his favor. -operator should not have access to program documentation (source code) -use password -console log should be reviewed for unauthorized activity B. A customer payment recorded
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indiaeducation.net M.M-80 Q1. Q2. Q3. Q4. Q5. Q6. Part A Why should a new partner contribute towards Goodwill on his admission? List any two contents of a partner ship deed? Can a company issue a share having face value of Rs 10 at Rs 8 Give two examples of ‘Capital receipts’. Give two circumstances in which sacrificing ratio may be applied (1) (1) (1). (1) (1) Show how you would deal with the following items in the final accounts of a club: (3) Debit credit Prize fund Prize fund Investments
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