What is the purpose of adjusting entries? 8. What is the revenue concept and the matching concept? 9. When do you recognize revenues and expenses under cash and accrual accounting? 10. When can you use reversing entries? 11. Where do we close dividends to? 12. What is double taxation? Adjusting Entries Caitlin started her own pet store‚ specializing in Siberian Huskies. Make the appropriate entries for the transactions described below
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are accounts important To begin by why accounts are important‚ a person should first know what accounts actually mean. Accounts are financial records of an organization that register all financial transactions‚ and must be kept at its principal office or place of business. The purpose of these records is to enable anyone to appraise the organization’s current financial position with reasonable accuracy. Firms present their annual accounts in two main parts: the balance sheet‚ and the income statement
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“From the toolbox the boy took out‚ of all things‚ a teddy bear. He reached in through the torn windshield and placed it on the pilot’s chest.”“The book thief has struck for the first time – the beginning of an illustrious career.”“Then they discovered she couldn’t read or write.”“Unofficially‚ it was called the midnight class‚ even though it commenced at around two in the morning. ““The last time I saw her was red. The sky was like soup‚ boiling and stirring. In some places it was burned. There
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100 Years of Solitude Journals #1 Important Events: 1) Colonel Aureliano Buendia is remembering the foundation of Macondo (Marquez 1) 2) Melquiades dies (16) 3) The book goes back further in time and talks about the story of Jose Arcadio Buendia and Ursula (19) 4) Jose kills Aguilar (21) 5) When Ursula discovers the path to civilization the village grows (37) 6) The whole town becomes insomniacs (45) 7) Aureliano sleeps with Pilar Ternera (67) 8) Melquiades dies AGAIN but
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Financial Statement Analysis of Bata Pakistan “Bata Pakistan”; Financial Statement Analysis From 2005 to 2010 Anum Fatima BSc.IV Section: B Lahore School of Economics This report is submitted as partial requirement for Financial Statement Analysis of Pakistani Companies to Dr Farooq Chaudhry Abstract This paper does an in depth analysis of Bata Pakistan Limited. It includes a brief summary of accounting policies and standards of the company. The analysis revolves around financial statements‚ their
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included in the assessable income of Nick. b) As per the principles of Ordinary Income compensation for loss of income is also an income therefore‚ it will form part of assessable income. Nick must include $50000 as his assessable income for the year. c) The amount has been received by Nick towards operation and rehabilitation expenses and therefore‚ they are not included under income from ordinary concepts. The receipt of $8000 will not be included in the assessable income of Nick.
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Rachel Cramer Anthropology Dr. Murray 12/06/12 The Secrets of Haiti’s Living Dead Could it be true that zombies really exist? If so how and y? The mystery lies with in this article‚ “The Secrets of Haiti’s Living dead” written by Harvard Magazine. In Haiti “Legend has it that zombies are the living dead‚ raised from their graves and animated by malevolent voodoo sorcerers‚ usually for some evil purpose.” With that on your mind so called zombies were spotted in Haiti pursued by a Canadian
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Alice in Wonderland (Tim Burton‚ 2010) The film is inspired by Lewis Carroll’s novel Alice’s Adventures in Wonderland (1865) and its sequel Through the Looking-Glass‚ and What Alice Found There (1871). The nineteen-year-old Alice now returns to Wonderland from her childhood adventure‚ where she reunites with her old friends and learns her true identity: to end the Red Queen’s reign of terror‚ slay the Jabberwocky‚ a dragon-like creature controlled by the Red Queen and restore the White Queen
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Luck is on Wiesel’s Side"I am too old‚ my son‚" he answered. "Too old to start a new life. Too old to start from scratch in some distant land…" (9)This scene where Elie’s father rejects his son’s request to liquidate everything and flee from the place where the extermination of Jews may occur‚ reminds me of a vivid conversation I once engaged in‚ with my two former North Korean grandparents. The Korean War (1950-53) and the Holocaust (1938-45) are in most aspects different‚ however‚ there is a heartbreaking
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QUIZ CHAPTER 3 ACTG 500 BE 161 Prepare adjusting entries for the following transactions. Omit explanations. 1. Depreciation on equipment is $800 for the accounting period. 2. There was no beginning balance of supplies and purchased $500 of office supplies during the period. At the end of the period $80 of supplies were on hand. 3. Prepaid rent had a $1‚000 normal balance prior to adjustment. By year end $600 was unexpired. Solution 161 |1 |Depreciation Expense
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