(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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charges of £600 were charged to the bank account. • Wages of £12 000 were paid by cheque. Required: (a) Prepare the trial balance at 31 March 2011. (10) Additional information at 31 March 2011: • Operating expenses of £1 600 were accrued. • Depreciation is charged using the straight line method at the rate of: i) Premises 2% per annum ii) Fixtures and fittings 15% per annum. (b) Prepare the profit and loss account for the month of March 2011. (8) (c) Prepare
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What Causes the Destruction of Black Communities? Faced with the numerous obstacles that black communities have encountered‚ it is extremely difficult to make progress toward a better tomorrow. The absence of positive role models/ leaders leave black communities stagnant in politics and efficient social gathering‚ their lack of knowledge destroys a chance for cultural innovation and change‚ while systematic failure of the government also contributes to the destruction of the black community and
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flood in and the death road toll of young people slowly increases‚ media moguls‚ concerned youths and the general community alike have expressed discontent to such reckless behaviour. In an imploring opinion piece‚ titled “Driving the Highway from Destruction!” (Place of publication: Ednews‚ Date: unknown)‚ an astute student‚ Elly heart denounces such misconceptions imposed upon young people and vehemently argues for the change in public perceptions and values. In addition to this‚ with the two large
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Ambition is often the driving force in people’s life. People often pushed by ambition to acquire the things they desire. It’s a motivational force. Sometimes ambition seems to be a necessary character for a leader because these strong eagers of willing to win the battles usually make him stronger. However‚ ambition is a two-edged human quality that it’s a good thing if we can control it but it can also make people do bad things. Eventually‚ if ambition is driving over people‚ it would be the situation
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Klein: Amending our Traditional Account of Knowledge In his paper‚ “Is Justified True Belief Knowledge‚” Gettier refutes the traditional Justified True Belief account of knowledge by providing counterexamples that show that while the conditions provided by the JTB account are necessary‚ they fall short of being sufficient for knowledge. Klein’s paper‚ “A Proposed Definition of Propositional Knowledge‚” suggests a fourth condition with which to amend the JTB account so that it provides both necessary
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Las Vegas: What’s Not Happening in Vegas When you hear someone mention Las Vegas‚ what comes to mind? Sin City? Wholesome entertainment for the entire family? An indulgent luxury vacation? Or perhaps a value-oriented reward for hard-working Americans? If you answered “all of the above‚” you wouldn’t necessarily be wrong. The truth: All of these have been characteristics associated with Las Vegas over the years. In recent times‚ the Las Vegas Convention and Visitors Authority (LVCVA) fielded
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LAS VEGAS - THE KEY FACTORS AFFECTING THE APPEAL AND COMPETITIVENESS OF TOURISM DESTINATION. Aliyev Mammad‚ Mehtizada Teymur Introduction Viva Las Vegas! The City of Sin! The oasis in the desert‚ which became one of the world’s fastest growing cities‚ is also known as a play land and an escape from the real world. Oasis in the Mojave Desert‚ Nevada‚ has through the years build up a reputation as the Sin City! People flocked to Las Vegas‚ in the early days‚ when rules practically didn’t exist
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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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Case 24Shangri-La Hotels 1. The key element of strategy implemented by Shangri-La Hotel in gaining competitive advantage over its rivals is by offering services that are superior value worth paying more for. Shangri-la uses its signature standard of “Shangri-La Hospitality” in achieving an edge or competitive advantage over rivals in attracting buyers and coping with competitive forces. A company’s competitive strategy deals exclusively with the specific of management’s game plan for competing
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