Assignment No. 1 Problem No. – 1 From the following transactions find out which two accounted‚ types of Accounts‚ Debited/Credited & Reason for Debit or Credit. 1) Mehta started business with Rs. 8000. 2) Purchased goods for cash Rs. 2800. 3) Purchased furniture from Godrej Company Rs. 1000 for cash. 4) Sold goods to Babubhai on credit Rs. 700. 5) Paid for postage stamps purchased Rs. 30. 6) Sold goods to Nanabhai for cash Rs. 400. 7) Paid to Navakal Rs. 500 for Advertisement. 8) Paid to
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JOSE RIZAL UNIVERSITY 80 Shaw Blvd.‚ Brgy. Daang Bakal City of Mandaluyong PROCESS SHEET 1 SELECTING A RESEARCH TOPIC NAME: PEREYRA‚ DIANNE C. COURSE AND SECTION: BSA-104A DATE: January 14‚ 2015 SCORE: _________________ A. Research topics 1. How can sex education help the First Year Accounting Students in JRU become aware of pre-marital sex? 2. What are the perceptions of the First Year Accounting Students in JRU about sex? 3. Where do the First Year Accounting Students in JRU get
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Russia Review Sheet Market Economy: an economy that relies chiefly on market forces to allocate goods and resources and to determine prices Command Economy: an economy in which production‚ investment‚ prices‚ and incomes are determined centrally by a government. Socialism: a political and economic theory of social organization that advocates that the means of production‚ distribution‚ and exchange should be owned or regulated by the community as a whole. Traditional: A traditional economy is
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Fact Sheet When was the Container Security Initiative developed and why? In the aftermath of the terrorist attacks on September 11‚ 2001‚ U.S. Customs Service‚ now U.S. Customs and Border Protection‚ began developing antiterrorism programs to help secure the United States. Within months of these attacks‚ U.S. Customs Service created the Container Security Initiative (CSI). The primary purpose of CSI is to protect the global trading system and the trade lanes between CSI ports and the U
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Heat of Fusion Report Sheet Data Intial volume of water in the styrofoam cup (before the ice was added) (mL) 100 Final volume of water in the styrofoam cup (after the ice melted) (mL) 145 Volume of water due to melted ice (mL) 45 Mass (g) melted ice 45 Initial temperature (°C) of the water placed in the styrofoam cup 47.3 Minimum temperature (°C) after the ice was melted 45 Calculations 1. The amount of liquid water placed in the cup was _____100_______ mL. Assume that
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WHAT HAS THE INVISIBLE HAND ACHIEVED? Ross L. Watts Sloan School Massachusetts Institute of Technology January 27‚ 2006 _____________________________ This paper was presented at the Institute of Chartered Accountants in England & Wales Information for Better Capital Markets Conference in London on December 20‚ 2005. I am grateful to Ryan LaFond‚ Karthik Ramanna‚ Sugata Roychowdhury and Joseph Weber for their comments. All remaining errors are mine. 1. INTRODUCTION When I was invited
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Factory Office 1‚500 500Rent Factory Office 5‚000 2‚500Commission to Salesman 1‚250Advertising 1‚250Income Tax 10‚000 Sales1‚89‚500Q1. Prepare the cost sheet Q 2 Prepare a cost sheet for the year ended March 31‚2009 Stock of finished goods ( April 1‚ 2008) 6‚000Stock of raw materials (April 1‚ 2008) 40‚000Work in Progress (April 1‚ 2008) 15‚000Purchase of raw Material 4‚75‚000Carriage inwards 12‚500Factory rent
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------------------------------------------------- Formulae Sheet 1. Return on Assets = Net Profit before Interest and Tax / Average Total Assets 2. Average Accounts Payable settlement = Average Accounts Payable / Credit purchases x 365 3. Asset turnover ratio = (Sales / average Total Assets) x 100 4. Asset turnover period = (Average total assets / Sales) x 365 5. Return on Equity (Return on Shareholder’s’ Funds) = Net Profit after Tax and preference dividends / Average ordinary
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1. A NSF check should appear in which section of the bank reconciliation? (Points : 2) Addition to the balance per books. Deduction from the balance per bank. Addition to the balance per bank. Deduction from the balance per books. | 2. A consequence of separation of duties is that (Points : 2) theft by employees becomes impossible. operations become extremely inefficient because of constant training of employees. more employees will need
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1. Alleg‚ Inc. Balance Sheet December 31‚ 2012 Assets Current Assets Cash And Cash Equivalents 14‚000 Marketable securities 17‚000 Accounts Receivables‚ Net 26‚000 Inventory 33‚000 90‚000 Total Long Term Assets Land and Buildings 57‚000 Machinery and equipment 120‚000 Accumulated Depreciation 61‚000 Goodwill 13‚000 Intangible Assets 9‚000 Other Assets 45‚000 183‚000 Total Assets 273‚000
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