concept. b. monetary unit assumption. c. economic entity assumption. d. corporate form of ownership 2. All of the financial statements are for a period of time except the a. income statement. b. balance sheet c. owner’s equity statement. d. statement of cash flows 3. A trial balance will not balance if a. a journal entry is posted twice. b. a wrong amount is used in journalizing. c. incorrect account titles are used in journalizing. d. a journal entry is only partially posted. 4. In a service-type
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WORK LIFE BALANCE The article talks about the importance of work life balance‚ especially in relation to India. In the Indian context‚ work life balance has many social and cultural connotations. There are many factors that need to be taken into account to understand work balance with respect to India better: India is a deeply religious country‚ housing abundant religions within itself and the most dominant of them is Hinduism. The caste system is also prevalent in India. In combination with the
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INTRODUCTION: Trial balance is a statement which shows debit balances and credit balances of all accounts in the ledger. Since‚ every debit should have a corresponding credit as per the rules of double entry system‚ the total of the debit balances and credit balances should tally (agree). In case‚ there is a difference‚ one has to check the correctness of the balances brought forward from the respective accounts. Trial balance can be prepared in any date provided accounts are balanced. DEFINITION
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BUDGET BALANCE • Budget balance (savings by government) is defined by: where : tax revenues : government purchases of goods and services : value of government transfers • Recall that a positive budget balance is a budget surplus‚ and a negative budget balance is a budget deficit. • Effects of fiscal policies: o Expansionary fiscal policies (increased government purchases‚ higher government transfers‚ lower taxes) decrease the budget balance. o Contractionary
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Employment Relations Essay Work-life balance 1. April 2009 Table of contents Table of contents p. 1 Introduction p. 2 Definitions p. 2 Work-life Balance p. 3-4 Conclusion p. 5 References p. 6 Topic: Work-life balance has become an important social issue. Critically analyze the contributions of business‚ unions and government towards promoting work-life balance. Introduction: To balance work and leisure is an important issue
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Introduction ARC is one of the oldest manufactures / exporters of home textiles & institutional linen from Pakistan it is a family concern‚ dealing in textiles and exporting its products to various parts of the world since 1968. ARC textile industry is producing textile from greige to bleach‚ dyed‚ printed and all sorts of finished products (complete cut to pack) under one the same unit. ARC has proved its identity as one of the best suppliers from Pakistan due its trustable management‚ honoring
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Introduction to the Analytical Balance ABSTRACT The objectives of the experiment include illustration of the use of analytical balance‚ studying the precision of weighing made with it and evaluating the common error encountered in weighing. Weight of the vial‚ the cap‚ vial with cap and the vial that was induced with the factors affecting the sensitivity of the balance (e.g. moisture) were determined. As seen‚ there were significant differences on the weights though there were some errors
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Summary Purposes of the Balance Sheet 1. A balance sheet‚ or statement of financial position‚ summarizes the financial position of a company at a particular date by reporting the economic resources (assets)‚ the economic obligations (liabilities)‚ and equity. It reports a company’s resource structure (major classes and amounts of assets) and its financial structure (major classes and amounts of liabilities and equity). It is a detailed explanation of the basic accounting equation: Assets =
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Balance of Payment in Nepal | International Business | | Submitted To: Mr. Yogesh Satyal | | Submitted By: | 3/17/2010 | | BALANCE OF PAYMENT A Balance of payments (BOP) sheet is an accounting record of all monetary transactions between a country and the rest of the world. These transactions include payments for the country ’s exports and imports of goods‚ services‚ and financial capital‚ as well as financial transfers. The BOP summarizes international transactions for a specific
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Weight & Balance Weight and balance is important on every aircraft. An aircraft’s performance and handling characteristics are greatly affected by the gross weight and center of gravity limits. An overloaded and improperly balanced aircraft requires more power and greater fuel consumption to maintain flight. The stability of the aircraft is also seriously impacted by the weight and balance factors of aviation. Lack of understanding the severity of the effects of weight and balance of the performance
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