Bureau of Internal Revenue (Philippines) The Bureau of Internal Revenue (Filipino: Kawanihan ng Rentas Internas‚ or BIR) is an attached agency of Department of Finance. BIR collects more than one-half of the total revenues of the government. Functions The powers and duties of the Bureau of Internal Revenue are: Assessment and collection of all internal revenue taxes‚ fees and charges; and enforcement of all forfeitures‚ penalties‚ and fines connected therewith‚ including the execution of judgments
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3.6 Revenue recognition with examples when goods are sold under sale or return There are cases when payments are received prior to events that trigger revenue recognition. In that case‚ cash is debited and the unearned revenue is credited. On the other hand‚ when revenue recognition is triggered before actual payment is received‚ accounts receivable is debited while revenue is credited (“Revenue Recognition Principle‚” 2013). Goods are sold under sale or return when they are “sent by the supplier
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Just like any other business that keeps track of claims for payments the health care industry also has a system of their own called The revenue cycle. The revenue cycle manages claims processing‚ payment and revenue generation. Meaning the process includes keeping track of claims and making sure payments are collected and denied claims are addressed in an appropriate manner. In present times health care industry is a very complicated in terms of managing the services provided. A physician must document
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CHAPTER II Review of Related Literature and Studies Related Literature According to Thai (2005) that to prove the point‚ it is responsibility to provide all the evidences to support whatever claims you are making without data results that supports that claims. It is not a completed work and ideas should be clearly presented and easy to understand. According to Gail Lavielle of Wal-Mart on The Associated Press (2006)‚ Wal-Mart runs its stores on a perpetual inventory system‚ which records the quantity
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Accounting Standards Board (FASB) have undertaken a joint revenue recognition project that clarifies the principles for recognizing revenue that can be applied consistently across various transactions‚ industries‚ and capital markets. This project will apply to all contracts with customers except leases‚ financial instruments and insurance contracts. The joint project will attempt to remove inconsistencies and weaknesses in existing revenue recognition standards by retrofitting‚ and thoroughly improving
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Cristina Salazar ENGL 1301 B Paper Professor: Laurie Buchholz 28 November 2012 A Wife or a Slave? As we are now living in a new millennium‚ we have encountered that society has not change much when it comes to women duties and rights. Back in the 1950’s almost all the way to the 1980’s‚ women’s duties were to stay home and take care of everything involving the house as: cleaning‚ and cooking‚ and taking care of the kids‚ etc. The only change that has happened from back in those times is
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Your completed assignment must be submitted through the Canvas assignment portal by the beginning of your class time on the due date specified on your class schedule. [15 total points] A. Take the Health Assessment Survey posted on Canvas. Fill in your category scores in the table below. (Do NOT submit your entire survey; only the scores!) [1 point] Categories of Wellness Ideal Score Your Score Physical Health 40 30 Intellectual Health 40 32 Emotional Health
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Staying at a friend’s house A special secret place When I was upside down What if we suddenly had to move? My most embarrassing moment Talk about being scared! Do I want to be famous? Creepy‚ crawly things What if I were the teacher? I’ll never eat another . . . My biggest surprise This school really needs . . . The first day of school is the worst/best. A pet sitter needs special instructions to care for my pet. Doing homework A song that means a lot to me My best day A day in the
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course: This week you learned about the unearned revenue account. Provide three examples of unearned revenue. Answer: Three examples of unearned revenue would be 1.Prepaid Expense - A year long insurance contract a company paid $12‚000 for at the beginning of the year. Since the insurance company owes the company service‚ the expense prepayment is recorded as an asset Journal Entries: debit Prepaid Insurance and credit Cash). 2. Unearned Revenue - A year long subscription of $12‚000 is received
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