Accounts Receivable: There are several controls in accounts receivable. A thorough audit should be daily comparing the checklist and the system records in customers’ accounts. This is to ensure the payment received is applied to the right customer. A second control is to check if customers’ balances in record are true. One simple way is to send current statements to customers monthly. Customers can help identify if there is any discrepancy between their record and the account statement. A
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inventory on account for $200‚000. Assets + Expense = Liabilities + Incomes Asset named Inventory created and Liability Vendor payable gets created 200000 + 0 = 200000 + 0 c Sold inventory for $200‚000. $75‚000 of the sales were for cash and $125‚000 were on account. The inventory sold had cost Stewart $120‚000. Assets + Expense = Liabilities + Incomes Asset named Cash Balance with get added with 75000‚ Asset named Account receivable
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retail and wholesale quantity. The business acquire its product form the U.S.A where a 5% is added on the price of the product. Type of business Sole trader. Nature of business 1.Clothing and shoes 2. my business deals with wholesale and retail Objectives 1. to make a profit from my business. 2. to reach a common goal. 3. to give customer their wants needs. 1 Justification of location 2 16 strand‚ New Amsterdam‚ Berbice‚ Guyana. Three reasons to justify location 1. The place is well populated
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Direct manufacturing labour 5 25 Hour The beginning cash balance for March‚ 2010‚ is $10‚000. On June 1‚ 2009 Slopes had a cash crunch and borrowed $30‚000 on a 6% one-year note with interest payable monthly. The note is due June 1‚ 2010. Using the information provided‚ you will need to determine whether Slopes will be in a
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Ways to Prevent Overdue Accounts Want to improve the way you run your business? For any company‚ having overdue accounts wreak havoc on cash flow and liquid assets. In a small business‚ tracking down the guilty parties is both a financial and physical drain. It’s easy to say "don’t do business with deadbeats"‚ but the realities of things are much more complex. Most firms bring in collection agencies for debt. Be sure to find out: • How information about delinquent accounts will be transferred to
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Uncollectible Accounts Acc281: Accounting Concepts for Health Care Professionals Charity Care and Bad Debit Hospitals usually count bad debit in the non-compensation costs but there is a question of whether or not it should be included. There is some gray area when it comes to the difference between bad debit and charity when it comes to the Health care environment. Bad debit that won are bills that people don ’t pay for whatever reason and there is a difference between those who won ’t pay
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Accounts Notes Double Entry Example 1 Transactions Debit (In) Credit (Out) Bought goods for resale for cash Purchases Cash Sold goods for cash Cash Sales Paid cash into bank Bank Cash Sold goods and received cheque Bank Sales Bought goods and paid by cheque Purchases Bank Example 2 Transactions Debit Credit Bought goods on credit from M.Mizzi Purchases M.Mizzi Paid M.Mizzi in cash one week later M.Mizzi Cash Sold goods on credit to S.Said S.Said Sales S.Said paid by cheque Bank S.Said Example
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going away‚ discuss with the host whether you’ll bring any food or other such items to the party‚ to ensure you can prepare for it. If you are organising a Thanksgiving dinner party at home‚ you should first come up with a guest list. Who are you inviting?
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FORMS OF SUBSTRUCTURE Tutor: David Brooke Submission Date: 14 December 2012 FORMS OF SUBSTRUCTURE * Table of Contents Site 1 1 Site 2 2 Site 3 3 Precautionary actions and temporary works 4 1 Bibliography 5 * Site 1 Dry compact gravel‚ or gravel and sand subsoil’s are usually suitable for strip foundations. Mostly 700mm to 1000mm deep foundations are acceptable as long ground has suitable bearing capacity. If the water level is high than the bearing capacity will reduce
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datum] | Inhoud 1.0 Basis gegevens 3 2.0 Overall doelstellingen‚ strategie en bedrijfsresultaten account 4 3.0 Inkoopstrategie 6 3.1Inkoopproces 6 4.0 SWOT analyse 7 5.0 Door account gehanteerde leveranciers-selectiecriteria 8 5.1Specifieke eisen/wensen account ten aanzien van ons bedrijf als leverancier 8 6.0 Consequenties voorgaande formulieren voor de strategie t.o.v. dit account 9 7.0 Actieplan 10 7.1Actie (intern) 10 7.2 Actie (extern) 11 8.0 Actieprogramma 12 1.0 Basis
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