CHAPTER 2 DOUBLE ENTRY SYSTEM AND BALANCING OFF THE LEDGER OBJECTIVES. At the end of the chapter reader is expected to understand - what a double entry system is - peculiarity of double entry system in accounting. - how a transaction can be posted in order to adhere with double entry system. - what make up a ledger - how ledger can be balanced up. INTRODUTION To make a relevant disclosure of transaction in accounting sense‚ it is necessary to open up all the items affected by a transaction
Premium Double-entry bookkeeping system Bank Currency
In the business world‚ communication is king and to be effective in this world you will need to effectively exchange ideas and visions. Therefore‚ this can be accomplished by avoiding certain barriers that may hinder clarity. These barriers are Sexist and racist language‚ double speak‚ Cliché‚ Slang‚ Jargon‚ Euphemism. Sexist and Racist language is when the communicator uses language the may be considered derogatory to certain people or groups. Use of this language is a sometimes by mistake and
Premium Communication Graphic communication Sociology
The monthly giving programs have become very popular among non-profits because of their potential for long term financial commitments. This recurring giving is a monthly donation that happens automatically using a process that’s referred to as E.M.T (Electronic Money Transfer.) This valuable program provides a predictable source of income that a non-profit can depend on every month without question. Recruiting monthly donors is inexpensive and affordable. Once set up‚ the donation process is electronic
Premium Non-profit organization Giving Gift
SUMMARY | A contract limiting a party from competing with a business after termination of employment or completion of a business sale.Found in some business contracts‚ noncompete agreements are designed to protect a business owner’s investment by restricting potential competition. Generally‚ businesses pursue these agreements in two instances: when hiring new employees‚ or when purchasing an established business. The noncompete agreement is a form of Restrictive Covenant‚ a clause that adds limitations
Premium Employment Contract
Price Theory and Applications‚ Seventh Edition Steven E. Landsburg VP/Editorial Director: Jack W. Calhoun Editor-in-Chief: Alex von Rosenberg Senior Acquisitions Editor: Steve Scoble Developmental Editor: Joanne Vickers Ohlinger Publishing Services Marketing Manager: Brian Joyner Marketing Communications Manager: Sarah Greber Content Project Manager: Amy Hackett Manager‚ Editorial Media: John Barans Technology Project Manager: Deepak Kumar Senior Manufacturing Coordinator: Sandee Milewski Production
Premium Supply and demand Economics
What is the formula for measuring price elasticity of demand? Percentage change in quantity demanded / Percentage change in price When the price elasticity coefficient is less than 1‚ the percentage change in quantity demanded is smaller than the change in price. When the price elasticity coefficient is equal to 1‚ the percentage change in quantity demanded is equal to the change in price. When the price elasticity coefficient is greater than 1‚ the percentage change in quantity demanded
Premium Supply and demand Elasticity Price elasticity of demand
Barriers to Effective Communication CJA304 3/16/13 Effective communication is essential to the accomplishment of any organization or company. The easy procedure for attaining the capability to interact properly between one host and another host can result in the real difference of life or death. There are lots of hurdles within communication in case an individual isn’t properly trained to abide by certain principles. This document will review a lot of examples of effective communication as well
Premium Communication Nonverbal communication Paralanguage
Entry 1 I plan on changing the name and possibly content of these in the future but for now these are basically monthly recordings of what is happening. We have finally completed construction of the island. We have already began to move people in. Everyone is very nervous so far but I have no doubt that they are safer now then ever. If you are reading this you are either a personal friend‚ or you are currently venturing off the island. If that is so‚ may god be with you. We currently have no clue
Premium English-language films Ocean Water
Journal Entry 1099 – Christian Crusader The year is 1099. The rest of the crusaders and I are traveling to Jerusalem. It’s been a long‚ brutal journey. We have no clean drinking water. We’ve often had to resort to drinking our own urine to survive. The very little food we have has been brought to us by the townsfolk we passed on our journey‚ and they’ve been sold to us at abominable prices. I pray to the Holy Father‚ that we reach our destination soon. We have finally reached Jerusalem
Free Crusades Christianity
1. Name two types of market failure. Explain why each may cause market outcomes to be inefficient. Market Power- In some markets‚ a single buyer or seller may be able to control the market prices. Market Power can cause inefficiency because it keeps the price and quantity away from the equilibrium of supply and demand. Externalities- The impact of one person’s actions on the well-being of a bystander. Since buyers and sellers do not consider these side effects when deciding how much to consume
Premium Supply and demand Inflation International trade