Tips in Preparing for EXAMINATIONS.. 1) Look after yourself - Try to be well rested and well nourished in preparation for exams. "Drink plenty of fluids‚ eat a good healthy breakfast‚" advises Professor Sarah Moore‚ co-author of The Ultimate Study Skills Handbook. "The fresher and more energetic you feel‚ the more it will support your ability to tackle the cognitive challenges." 2) Plan your work - Some people concentrate better at night‚ others prefer to be up with the larks. Stick to
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concept. b. monetary unit assumption. c. economic entity assumption. d. corporate form of ownership 2. All of the financial statements are for a period of time except the a. income statement. b. balance sheet c. owner’s equity statement. d. statement of cash flows 3. A trial balance will not balance if a. a journal entry is posted twice. b. a wrong amount is used in journalizing. c. incorrect account titles are used in journalizing. d. a journal entry is only partially posted. 4. In a service-type
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Balance Lab of a Copper Slug and Sodium Chloride (NaCl) on a Centigram and Electronic Scale PURPOSE/INTRODUCTION The purpose of this experiment is to learn how to weigh a substance on a centigram scale and an electronic scale through direct weight or by weight difference. The hypothesis is that all scales used should show the same weight for a given sample. The experiment should show precision and accuracy of the equipment being used. This will allow a better understanding on how to properly
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Balance of payment Most of exports and imports involve finance i.e. receipts and payments in money. An account of all receipts and payments is termed as Balance of Payments (BOP). According to Kindle berger‚ "The balance of payments of a country is a systematic record of all economic transactions between the residents of the reporting country and residents of foreign countries during a given yeriod of time". The balance of payment record is maintained in a standard double-entry book-keeping
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w w ap eP m e tr .X w om .c s er UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Advanced Level 9708/31 ECONOMICS Paper 3 Multiple Choice (Supplement) May/June 2012 1 hour Additional Materials: *8211770087* Multiple Choice Answer Sheet Soft clean eraser Soft pencil (type B or HB is recommended) READ THESE INSTRUCTIONS FIRST Write in soft pencil. Do not use staples‚ paper clips‚ highlighters‚ glue or correction
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August Heat Suspense can make you over think and become attentive. The feeling of wanting to know more creates confusions and boldness to the reader. The reason for suspense is to hook the reader onto the story‚ while hooking the reader to the story‚ the author wants to astound the reader into wanting more. W.F Harvey introduces suspense and it is shown throughout the story “August Heat” but it’s enhanced in the ending of the story. The story is about two men who occasionally meet one hot summer
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ACCOUNT BALANCES For many purposes‚ it is necessary to determine the balance in an account. This is accomplished by adding the debits‚ credits‚ and determining the difference between the two sums. An account is said to have a debit balance if the sum of the debit entries to that account exceeds the sum of the credit entries. Conversely‚ an account has a credit balance if the sum of the credit entries exceeds the sum of the debit entries. Asset accounts normally have debit balances inasmuch as
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COURSE 2 - The Balance Sheet The balance sheet (also called statement of financial position) reports the financial position of the business at a point in time. It does so by listing the categories and amounts of assets‚ liabilities and equity on a specific date‚ in a format that proves the fundamental accounting equation. ASSETS = EQUITY + LIABILITIES or ASSETS – LIABILITIES = EQUITY Formats of presentation Regardless of
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BALANCE OF PAYMENT (BOP) Introduction: Balance of payments (BOP) is a record of economic transitions between the residents of one country and the rest of the world during one year. The balance of payment like all balance sheets must balance. The items‚ which lead to‚ an inflow of foreign earnings are placed on the credit side of the balance sheet‚ whereas the items‚ which give‚ rise to an outflow of foreign currency are placed on the debit side. Definition: “Balance of payment is a systematic
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The balance sheet‚ income statement and cash flow statement are closely related. Basically‚ a balance sheet describes a company’s assets‚ liabilities and stockholder’s equity in a specific period of time. An income statement mainly shows the net profits or loss of a company. The purpose of the income statement is to show stockholders and investors whether the company earned or lost money. A cash flow statement explains cash inflows and outflows. Each financial statement reveals a part of a company’s
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