scheme. Q.No Questions Marks Total Marks 1 Give the classification of Accounts according to accounting equation approach with its meaning and examples. Compare the traditional approach with modern approach of accounting equation approach. Analyze the transaction under traditional approach. a. b. c. d. e. f. g. h. 20.1.2011 Paid salary Rs. 30‚000 20.1.2011 Paid rent by cheque Rs. 8‚000 21.1.2011 Goods withdrawn for personal use Rs. 5‚000 25.1.2011 Paid an advance to
Premium Debt Cash flow General ledger
Theory of Accounts 1. The fundamental qualitative characteristic of faithful representation has the components of a. Predictive value and confirmatory value b. Comparability‚ consistency‚ and confirmatory value c. Understandability‚ predictive value‚ and reliability d. Completeness‚ neutrality‚ and freedom from error 2. The amount reported as “Cash” on a company’s balance sheet normally should exclude a. Postdated checks that are payable to the company b. Cash in a payroll account c. Undelivered
Premium Balance sheet Asset Generally Accepted Accounting Principles
time. Revenues A Company had beginning accounts receivable of $8‚000. The company reported cash basis revenues of $100‚000. The ending accounts receivable amounted to $18‚000. Supplies B Company purchased $25‚000 of supplies. Supplies on hand decreased by $5‚000 during the period. Rent C Company started the year with no prepaid rent‚ and ended the year with $1‚000 in prepaid rent. Rent expense on a cash basis was $13‚000. Equipment At the beginning of the year‚ D Company purchased
Premium Accounts receivable General ledger Generally Accepted Accounting Principles
skills‚ insights‚ and expertise to deliver value to customers worldwide. The firm understands the requirement to service customers locally with global standard solutions or products‚ and localizes that product as required to maintain an optimal balance of cost‚ efficiency‚ customization and localization in a control-customization continuum to best meet local‚ national and global requirements to position itself against or with competitors‚ partners‚ alliances‚ substitutes and defend against new global
Premium Brand Brand management Branding
AN EVALUATION OF ACCOUNTS RECEIVABLE MANAGEMENT BY MANUFACTURING FIRMS IN NAKURU MUNICIPALITY [pic] RESEARCH PROJECT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF THE DEGREE IN BACHELOR OF COMMERCE (ACCOUNTING OPTION) SCHOOL OF BUSINESS KABARAK UNIVERSITY APRIL 2008 DECLARATION This research project is our original work and has not been presented for the award of any diploma or degree in any other university or college or any other institution of higher learning. Signature______________________________
Premium Accounts receivable Balance sheet
Reflective Account I’m looking back on today’s work I did with some young pupils I work with‚ they are a little group called ‘ Super Stars’‚ they are called the super stars because they aren’t as up to speed with the other children in class but they have a lot of potential to work with. The super stars are a group of 5/6 children aged up 7-11‚ today we did phonics we did ‘OI’‚ we had to pronounce ‘oi’ sounding it so that they can speak it clearly‚ and I also asked the group to think of words or
Premium Sign Color Sound
CANDIDATES • 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
Premium Debt 2009
the statement of accounts. It will provide an accurate‚ fast and smart statement of accounts to students that are up-dated for the school administrator and the students. It will also provide students to view their own statement of accounts. Student Account System has different features that would be a perfect aid for the students‚ school administrators‚ cashiers and parents as well. These are; processing of payments and assessments of students also viewing of the remaining balance of students and
Premium User Password Login
Account for the spread of Islam from its beginnings to c.660AD Islam is a monotheistic religion founded around 615AD by Mohammed. In its early days‚ many people rejected it‚ but now it is the fastest-growing religion in the world. Exploring the reason for its rapid spread‚ we look at its roots and early rulers‚ particularly its founder‚ Mohammed. Mohammed was born in Mecca in 570AD. His father died before he was born and was orphaned at the age of six following his mother’s death. After
Premium Muhammad Islam Qur'an
sports fans with their custom-made logo t-shirts that creatively display the numbers 412. Their advertising is minimal but when they do decide to put the vibe out‚ its tasteful yet mysteriously teasing. The advertisement that captured my attention was a new custom James Neal 412 hoodie‚ who happens to be a part of the Pittsburgh Penguin hockey team. The print ad was simplistic and only located on their blog‚ but blew up like wild fire. People retweeted their post on Twitter‚ and before I knew it‚ every
Premium Culture Consumer protection Marketing