3 Adjusting Accounts and Preparing Financial Statements QUESTIONS 1. The cash basis of accounting reports revenues when cash is received while the accrual basis reports revenues when they are earned. The cash basis reports expenses when cash is paid while the accrual basis reports expenses when they are incurred (and matched with revenues they generated). 2. The accrual basis of accounting generally provides a better indication of company performance and financial condition than does
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Accounting and Finance Management Assignment 2 Semester: 3 Prepared by: Osoba Seun Student Number: Sc-Kl-00021763 Email Address: josher4real@yahoo.com Date submitted: 17/01/2014 Question 1 Sales Budget September ($) October ($) Budgeted sales (units) 9‚500 Selling price per unit $12 Total sales 90‚000 114‚000 Schedule of expected cash collections: October ($) Account
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Assignment – Week 9 Due at the end of week 9. There are 70 marks. This assignment is worth 20 % of the total grade. True or False: (15 Marks) 1. In spite of its weaknesses‚ the cost principle is most often used because it is the most reliable basis of valuation. TRUE 2. The going concern assumption assumes the company will continue to operate for at least two years. TRUE 3. The economic entity assumption states that economic events can be identified with a particular unit of accountability
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True/False Questions for Unit 2 1. A requirement is something a database needs to do in order to fulfill its purpose. True 2. You only need to include the most important stakeholder in the database discussion. False 3. Forms are used for gathering input. True 4. A transaction database is optimized to track transaction time. True 5. Data mining uses business intelligence tools and techniques on a variety of data sources brought together in a data warehouse
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In psychology‚ personality refers to the emotion‚ thought‚ behavior patterns unique to the individual. Our personalities influence one’s tendencies such as a preference for introversion or extroversion. The True Colors assessment educated me about myself; I understand my personality in many different means. I now know what my personality lacks and I can work on those elements to be able to understand/read people better in my everyday life. In 1921‚ Carl Jung published the book “Psychological
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A True Passion Damion opened the door‚ excited to see his son. “Wow Dyl look how you’ve grown over these past few months!” Dylan gives him a sheepish smile and hugs him. They go into the house and start reminiscing on the school year... Then it came to discussing the report card. “So Dylan‚ let me see that report card. I want to see how my son has been progressing and making me proud.” Dylan nervously takes out the report card and while handing it to him he says‚ “Dad about my pre-law course‚ I
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The True Metamorphosis The Metamorphosis by Franz Kafka offers much to be critiqued‚ including the reason why Gregor Samsa was transformed into a hideous beetle. The truth is Gregor had put himself into a position of demise long ago. Over the years‚ he had worked himself into both physical and mental exhaustion. Gregor was the sole provider‚ and eventually his family grew less appreciative of him. His relationship with his family had gone south. They were no longer as close‚ and it were as
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Romeo and Juliet by William Shakespeare is the true idea of a beautiful and genuine love story that many present couples try to duplicate. It is a tragedy of love and affliction between two young individuals‚ whose deaths ultimately unites their feuding families. Three prime examples of their love is Romeo falling in love at first sight‚ Juliet the night after the wedding metering her feelings‚ and Lastly how they both share a romantic kiss with one another. Love at first sight is very rare‚
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Kiplagat. Mr.Eric Kipchoror Kiplagat has extensive experience in accounting‚ sales‚ marketing‚ and management and is the Sales Executive of Sergoit Golf & Wildlife. The company intends to hire two full-time pastry bakers and six waitresses to handle customer service and day to day operations. Products and Services EB offers a broad range of coffee and pastry products‚ all from high quality Kenyan grown coffee beans. EB caters to all of its customers by providing each customer coffee and pastry
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THE ACCOUNTING CYCLE LARRY M. WALTHER & CHRISTOPHER J. SKOUSEN DOWNLOAD FREE TEXT BOOKS AT BOOKBOON.COM The Accounting Cycle © 2009 Larry M. Walther‚ under nonexclusive license to Christopher J. Skousen & Ventus Publishing ApS. All material in this publication is copyrighted‚ and the exclusive property of Larry M. Walther or his licensors (all rights reserved). ISBN 978-87-7681-486-1 Download free books at BookBooN.com 2 Contents The Accounting Cycle Contents Part 1:
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