interpreting the contents of the British airways accounts I will also be writing a statement about the business and its progress‚ and describe what profit and loss accounts are. PROFIT AND LOSS ACCOUNT By law business are required to provide annual financial statements‚ which will appear in their company report‚ there are two main types of financial statements‚ one is balance sheet and the other is a profit and loss account. A profit and loss account is a record which can be updated regularly and
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from customers Rs. 3‚00‚000 31.1.2011 Paid interest on loan Rs. 5‚000 31.1.2011 Paid instalment of loan Rs. 25‚000 31.1.2011 Interest allowed by bank Rs. 8‚000 Analysis of transaction –with accounts involved-nature of account-affects and debit/credit Solution: Date Accounts Involved Nature of Account Affects Debit/credit 18.1.2011 Cash a/c Sanjay a/c Real Personal Cash is coming in Sanjay is the giver Debit Credit 19.1.2011 Ramu’s a/c Bank a/c Personal Personal Ramu is the receiver
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Definition: A current account deficit is when a country’s government‚ businesses and individuals import more goods‚ services and capital than they export. That’s because the current account measures trade‚ as well as international income‚ direct transfers of capital‚ and investment income made on assets‚ according to the Bureau of Economic Analysis. When those within the country rely on foreigners for the capital to invest and spend‚ that creates a current account deficit. Depending on why the
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Receive Telephone Calls 1.1 Describe the different features of telephone systems and how to use them Telephone systems have many different features in order for them to be used in a professional manner. Answer Phone - this feature is used for out of office hours. It enables people to leave a message when no one is available to take the call. Call Holding - places a caller on hold when having to do another task. This could be an array of different things such as transferring a call to appropriate
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country. The Japanese were formidable because they would rather die than admit defeat. As a result‚ Truman met with the Joint Chiefs of Staff on June 28‚ hoping to determine the decision on whether or not to use to bomb. Truman had a bit of a wake up call when he was told how many American soldiers would die as a cause of not using the bomb and made up his mind to use it. Many ideas were brought up in the meeting‚ but it was finally agreed upon to use four atomic bombs on four different targets: Hiroshima
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• This document consists of 4 pages. Any blank pages are indicated. © OCR 2009 [H/500/7722] SP (NF) T77015/2 OCR is an exempt Charity Turn over 2 1* Paula Redwood‚ a sole trader‚ prepared the following Trial Balance from her accounts on 30 April 2009. Rent General expenses Insurance Salaries Electricity Capital Motor expenses Bad debts Drawings Debtors Creditors Bank Stock 10% Loan Loan interest Carriage outwards Commission received Purchases Sales Purchases
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AN INSPECTOR CALLS MR JOHNSON’S EXAM REVISION BOOKLET HOW SHOULD I REVISE? 1. Firstly‚ you need to look at some past exam questions so you know what to expect – see pages 3 and 4. Do this now. Once completed put a tick next to this first step. 2. OK‚ now that you’ve done that you need to understand what to write and how to write it. You’ll find all of this information on page 4 and 5. Read and digest this information now. Once completed put a tick next to this second step.
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credit sales of $5.60 million for year 2010. Chiller estimates that 1.32% of the credit sales will not be collected. Historically‚ 4% of outstanding accounts receivable is uncollectible. On December 31‚ 2010‚ the company’s Allowance for Doubtful Accounts has an unadjusted credit balance of $3561. Chiller prepares a schedule of its December 31‚ 2010‚ accounts receivable by age. Based on past experience‚ it estimates the percent of receivables in each age category that will become uncollectible. This information
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Suppose call and put prices are given by Strike Call premium Put premium 80 22 4 100 9 21 (IJ Find the convexity violations. (1.-) What spread would you use to effect arbitrage? 105 5 24.80 o t: y- (Q I A New York finn is offering a new financial instrument called a "happy calL" It has a payoff function at time T equal to max(.5S‚ S - K)‚ where S is the price of a stock and K is a fixed strike price. You always get something with a happy call. Let P be
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the strong female voice overs made me want to listen closer‚ because it wasn’t perfectly clear what was going on you had to use the narrators’ words and tone of voice to get an emotional sense of what was happening. The stories the women in “They Call Us Maids‚” recalled were in all logistics‚ situations of modern slavery. These “maids” were isolated from the world outside the homes they worked in‚ as well as their selves. There was no time for likes and
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