in the individual accounts in ledgers. 4. Create preliminary trial balance 5. Adjusting entries 6. Create adjusted trial balance of the accounts 7. Combine sums in various accounts 8. Close books for current month Permanent accounts are also known as real accounts. These are accounts that do not close at the end of the accounting year. The permanent accounts are all of the balance sheet accounts (asset accounts‚ liability accounts‚ owner’s equity accounts) except for the owner’s
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Permanent Income Hypothesis Introduction The basic idea is that people’s income has a random element to it and also a known element to it and that people try to smooth the random part using saving and borrowing. Hence‚ we need to distinguish between permanent income and transitory income. Example: Suppose that you are working and receive an annual salary of twenty thousand dollar. Suppose that you expect to get that salary every year in the future. Then twenty thousand dollar represents the permanent
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available at the right time‚ in the right job‚ in order to help the organization achieve its objectives. In other words‚ human resource planning is all about finding out in advance how many workers are needed to perform the tasks‚ how many employees with the required skills are available within and outside the organization and how is it possible to fulfil the staffing needs of the organization when needed. Human resource planning is not new. It has been practised by many organizations in the past as well
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their troubles started. Lennie is a grown man with a mental disability.”Give it here”(Steinbeck‚6). He acts like he is 6 or 7 years old. But he isn’t weak.”No‚he ain’t‚but he sure is one hell of a good worker.Strong as a bull” (Steinbeck‚22). Lennie represents death/bad guy in this book even though he doesn’t know what it is. He always accidently kills animals like mice and pups.
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Case 5-1 Income Smoothing a. Firstly‚ investors tend to invest in companies with stable earnings rather than one with volatile earnings. With stable earnings‚ there will be more likely an issuance of dividends and investors could easily predict the company’s future earnings compared to one with unstable earnings. With consistent earnings generated‚ it gives investors a secured feeling that it will again generate earnings as predicted. Confidence in the growth of rate of earnings is crucial because
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Living with Parents vs. Living Alone Living with your family and living all by yourself is like living on two different planets. It will affect every detail of your life‚ right down to the way you talk‚ the foods youeat‚ and how much money you can spend. It will also determine how often your friends visitand how much freedom you have. Living with your parents is similar to living in a royal palace; you will enjoy the luxuries of an elegant house‚ clean laundry‚ and a slightly bigger
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Introduction to Marketing Final Exam M2: Explain the limitations of marketing research used to contribute to the development of a selected organisation’s marketing plan. There are 3 types of limitations of market research. These are; * Cost effectiveness of data collection * Reliability of data collected * validity of data collected Costly: Marketing research is a costly affair. It needs a lot of money to conduct various market research activities. Huge funds are required
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annual profits from trade or non-trade are taxed under different schedules. There is no single test for trade; in determining if trade has occurred there are six badges which must be considered‚ a brief description of each badge and an outline of how it affects Ali’s circumstances is outlined below. Subject Matter If the asset sold might be for personal enjoyment or investment e.g work of art or shares profit‚ May be capital gain. As Ali is buying the cars with the intention of selling them on
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The Executive Branch and Limitations on the Suspension of Habeas Corpus Rebecca Smith POL 201 American National Government Michael Mayo 09/17/2012 Article I‚ Section 9 of the Constitution states‚ “The Privilege of the Writ of Habeas Corpus shall not be suspended‚ unless when in the case of Rebellion or Invasion the public Safety may require it.” The statement may seem fairly straight forward in that all citizens shall have the right to have their case heard by a judge unless they are considered
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5.1.1 Accounts Opening Section This section deals with opening of different types of accounts. It is also deals with issuing of checkbooks and different accounts openers. A customer can open different types of accounts through this department such as : 1. CD – Al – Wadiah Current Deposit 2. SB – Mudaraba Saving Deposit 3. STD – Short Term Deposit 4. MTD – Mudraba Term Deposit 5. SS – Short scheme * MSS – Monthly Saving Scheme * MIS – Monthly Income Scheme
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