by cheque $60 September 8 – sold eight textbook for cash $240 September 10 – the proprietor took cash for himself $74 September 12 – sold goods‚ thirty notebooks on credit to L.Smith $200 September 14 – goods returned to us by L.Smith $120 September 16 – bought six box of pens and pencils from K.Kite paying by cash $200 September 18 – bought goods‚ ten box of erasers on credit from H.Henry $600 October 1- goods returned by us to H.Henry $240 October 3 – sold goods‚ three box pf sharpener on credit
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Aftermath: Population Zero Imagine if one minute from now‚ every single person on Earth disappeared. All 6.6 billion of us. What would happen to the world without humans? How long would it be before our nuclear power plants erupted‚ skyscrapers crumbled and satellites dropped from the sky? What would become of the household pets and farm animals? And could an ecosystem plagued with years of pollution ever recover? Similar to the History Channel’s special Life After
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| | | | | | | | | 11/04/2010 | | | | | | | | | | | | | | | Chapter 16. Mini Case for Working Capital Management | | | | | | | | | | | | | | | Dan Barnes‚ financial manager of Ski Equipment Inc. (SKI)‚ is excited‚ but apprehensive. The company ’s founder recently sold his 51% controlling block of stock to Kent Koren‚ who is a big fan of EVA (Economic Value Added). EVA is found by taking the net operating profit after-tax (NOPAT) and then subtracting
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Multiple Choice Questions 1. Which of the following statements is true? A. The word "cost" has the same meaning in all situations in which it is used. B. Cost data‚ once classified and recorded for a specific application‚ are appropriate for use in any application. C. Different cost concepts and classifications are used for different purposes. D. All organizations incur the same types of costs. E. Costs incurred in one year are always meaningful in the following year. 2. Which of the following
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this topic. INTRODUCTION This internal assessment focuses on the impact of technology on accounting. Accounting is the systematic process of collecting‚ recording‚ classifying‚ analysing and communicating financial information. Traditionally‚ accounts were prepared manually using ledgers‚ cashbooks etc. However in recent years‚ technology has played an increasingly important role in accounting and has changed the accounting systems. This has brought with it solutions to previous problems associated
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Definition of a Net-Zero Energy Home A Net-Zero Energy Home (NZEH) is “capable of producing‚ at minimum‚ an annual output of renewable energy that is equal to the total amount of its annual consumed/purchased energy from energy utilities” and emits zero net carbon (1). This concept is becoming increasingly popular as people are becoming more aware of the effects of buildings on the environment. However‚ to build a net-zero home‚ in-depth design considerations to minimize “the energy requirements
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Asked about governmental affairs‚ he’s unhappy over some political events now happening under PM Shinzo Abe‚ and he called it a crazy idea to bestow praises and sing hosannas to suicide missions as has been shown in a new film titled The Eternal Zero. According to Mr. Kanbe‚ this is a very strong indication that generations of young Japanese today have lost track of what had happened to their country during the second world war. Mr. Kanbe speaks a
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trader’s receipts and issues of stock for the year 2008: 2008 Receipts Issues January 1 600 units @ $2 each February 14 400 units May 16 1 000 units @ $4 each July 21 800 units @ $5 each August 19 1 600 units September 14 1 600 units @ $6 each October 20 1 600 units AVCO method Date Received Issued Balance 2008 Units Per Units $ Cost $ Units Per Units $ Cost $ Units Cost $ $ $ Jan 600 2 1200 600 2 1 200 Feb 400 2
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Balance of payments (BOP) accounts are an accounting record of all monetary transactions between a country and the rest of the world.[1] These transactions include payments for the country’s exports and imports of goods‚ services‚ and financial capital‚ as well as financial transfers. The BOP accounts summarize international transactions for a specific period‚ usually a year‚ and are prepared in a single currency‚ typically the domestic currency for the country concerned. Sources of funds for a nation
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Interpret the contents of a trading and profit and loss account and balance sheet for a selected company‚ explaining how accounting ratios can be used to monitor the financial performance of the organisation. Profit and loss account and balance sheet for Tesco. Consolidated Profit & Loss Account for the year ended 2013 2014 Weeks 52 52 Currency £ Million £ Million Turnover 23653.0 20988.0 Cost of sales -21866.0 -19400.0 Gross Profit 1787.0 1588.0 Operating Expenses -465.0 -422
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