manual method of accounting is being gradually replaced. And finally‚ the database technology has revolution the accounts department of the business and non business organisations. In the use of computerised accounting system the risk of data loss is eliminated‚ high speed in data manipulation is maintained and larger volume of data are kept safely. In computerised accounting system calculation became easy and controlled effective‚ also development of computerised accounting system‚ facilitate
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simply repeating previous posts and agreeing. Discuss the pros and cons of accural accounting versus cash accounting methods. All discussion forums must require at a minimum: 1-Research (at least 2 citations) 2-Critical Thinking 3-Opportunity for dissent. Accrual Accounting versus Cash Accounting Ok‚ if we are to attain our career goals we need to understand these two methods of accounting. This topic is very important in almost any field that one chooses to fashion their
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Brief Exercise 11.1 Alpha Company Stockholders Equity section of the Balance Sheet Issued and outstanding common stock (10‚000 * 10) 100‚000 Additional paid-in capital (10‚000 * 3) 30‚000 Total paid-in capital 130‚000 Retained Earnings 75‚000 Total Stockholder Equity 205‚000 Brief Exercise 11.2 Beta Company Stockholders Equity section of the Balance Sheet Issued and outstanding common stock (10‚000 * 25) 250‚000 Issued and outstanding preferred stock (10‚000 * 100) 100
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The balance sheet consists of assets and liabilities of any firm. The assets are called as the uses of the firm and the liabilities are called as the sources of the firm. Sources of the firm: (Debts or liabilities): The debts or liabilities are the claims of the outsiders against the assets of the firm. The liabilities refer to the amount payable by the firm to the claimholders; i.e. the amount owed by the firm to other parties. For an obligation to be recognized as a liability‚ it must meet three
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Chapter 8 Non-Current Liabilities Assessment Questions AS-1 ( 1 ) Name the typical forms of non-current debt. A typical and common form of non-current debt is a term loan from a bank. Another form of ______________________________________________________________________________ non-current debt is bonds. ______________________________________________________________________________ ______________________________________________________________________________ AS-2 ( 1 ) What is a bond
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the glue around your friends can inspire them to be just as strong as you are. This song shows the theme and strength through literary devices in almost every line. In the line that says “Ghost Town‚ Haunted Love” it shows a sense of imagery by using powerful
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The legal issue is whether or not George is liable for Adam’s injury due to the attractive nuisance doctrine. The attractive nuisance doctrine states that possessors of property can be responsible for injury to children if 1) The defendant was the possessor of and knew there was an artificial condition around which children were likely to trespass; 2) The defendant knew or should have known the condition posed an unreasonable risk of death or serious bodily harm;
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CHAPTER ONE INTRODUCTION 1.1 Background of the Study The significance of agriculture in bringing about economic growth and development of a nation cannot be underestimated‚ the reason why a nation possesses sustainable food security‚ is because it produces enough food to feed her citizens and even export these goods to other needy countries thereby generating foreign exchange which in turn increases the national income in the long-run. The agricultural sector serves all other sectors in the
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LEXICAL STYLISTIC DEVICES Metaphor Genuine metaphors Trite(dead) metaphors Metonymy Metonymy Metonymy is the substitution of one word for another with which it is associated: ‘The White House said…’ (the American government) ; the press (newspapers and magazines); the cradle(infancy‚ place of origin);the grave(death); The hall applauded; The marble spoke; The kettle is boiling; I am fond of Agatha Christie; We didn’t speak because there were ears all around us; He was about a sentence away from
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—Conceptual 21.Which of the following is not considered cash for financial reporting purposes? a.Petty cash funds and change funds b.Money orders‚ certified checks‚ and personal checks c.Coin‚ currency‚ and available funds d.Postdated checks and I.O.U. ’s 22.Which of the following is considered cash? a.Certificates of deposit (CDs) b.Money market checking accounts c.Money market savings certificates d.Postdated checks 23.Travel advances should be reported as a.supplies. b.cash because
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