The Chart of Accounts The increases and decreases in accounting element as affected by a business transaction are recorded in a device called account name‚ account title or account. Each accounting element is composed of several accounts which describe the related economic transactions and events. To maintain uniform account name‚ the business must have a listing of all the accounts it uses to record economic transactions. This listing of all accounts is called “Chart of Accounts.” The Chart of
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breaking up with his fiancée over the entire situation Jerry has lost everything from his previous life hit rock bottom and is ready to work his way back up to the top. The road to the top is a long and bumpy one but with only two people in his life to concentrate on he is able to form a bond with his client and with Dorothy his accountant and her family. It doesn’t take long for these two bonds to change. Tidwell goes from Jerry’s income and job to his only true close friend. He trusts Rod’s advice
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involved in opening demat a/c of any bank Ans. In India‚ shares and securities are held electronically in a Dematerialized (or "Demat") account‚ instead of the investor taking physical possession of certificates. A Dematerialized account is opened by the investor while registering with an investment broker (or sub-broker). The Dematerialized account number is quoted for all transactions to enable electronic settlements of trades to take place. Every shareholder will have a Dematerialized account for the
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all‚ I would like to thank Almighty God for giving me the strength to do this SBA‚ Mrs. Clovetta Campbell and finally my Principles of Accounts teacher Ms. Williams who helped me along the way. AIMS OF THE BUSINESS The aim of the business is to achieve exposure of what goes on in the business world. The aim of this business is to also know how to prepare Accounting Ratios‚ how to operate a business and how to achieve customer satisfaction and to attain profit. DESCRIPTION OF THE
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the Corporate Classroom. HBS article Reading 2: Developing First Level Leaders. HBS article Reading 3: Chapter 2 from prescribed text Reading 4: Richard A. Krohn‚ Training as a Strategic Investment‚ SAGE Publications. Pre class assignment: to be announced one week before Session 2: Learning: Theories and Program Design Principles of Adult Learning Readings 5: Chapter 4 from prescribed text Reading 6: Michael Reynolds‚ Learning Styles: A Critique‚ Management Learning 1997; 28; 115. Reading
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100‚000 294‚780 124‚780 170‚000 1.5 1.5 1 Question1. Peter Chan is a sole proprietor engaged in the trading of electronic products. A bank statement which showed a credit balance of $170‚000 at 30 September 2009 was received. The bank balance shown on the bank statement failed to agree with the balance shown on the cash book. Upon investigation‚ the following were discovered: (i) Interest of $8‚500 had been debited by the bank but had not been recorded in the cash book. (ii) Cheques
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years. The solution for unemployment is‚ obviously‚ to create new jobs.That’s when the government is expected to step in and provide solutions. Monetary Policy: The solution used first to address sustained high unemployment is monetary stimulus from the Government. Expansive monetary policy is powerful‚ quick and usually effective. Lower interest rates allow families to borrow more cheaply to buy what they need‚ like cars‚ homes and consumer electronics. This stimulates enough demand to put the
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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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David Zinczeko argues in his article “Don’t blame the eater” that fast food companies are not to blame for the hundreds of millions of people suffering from obesity. He claims that this is a matter of personal responsibility‚ regardless of nutritional label and mislead advertising. “We should know that it is bad to eat fast food more than once a day.” I concur with Zinczenko on this argument because a 13-month study had shown that even with nutritional labeling on fast food products customers did
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as a journal entry 3. Post the entry in the individual accounts in ledgers. 4. Create preliminary trial balance 5. Adjusting entries 6. Create adjusted trial balance of the accounts 7. Combine sums in various accounts 8. Close books for current month Permanent accounts are also known as real accounts. These are accounts that do not close at the end of the accounting year. The permanent accounts are all of the balance sheet accounts (asset accounts‚ liability accounts‚ owner’s
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