(Also known as "T" Account and Account) Having passed the double or journal entries‚ the next step is to post these double or journal entries into Ledger accounts. Ledger account or an account is simply the classification of double entries which we have made in General Journal or any other journal. In an account we bring together all similar entries in one place. For example a company has purchased goods on 4th and 7th January‚ we would put both entries in purchases account because of their similar
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REFLECTIVE ACCOUNT UNIT 6 ROLE OF A HEALTH AND SOCIAL CARE WORKER AT 7.15AM I CLOCK IN AND TAKE MY COAT AND BAG OFF AND LOCK THEM IN MY LOCKER SO I AM READY TO START MY SHIFT STRAIGHT AWAY‚ EVEN THOUGH I SOMETIMES SOCIALISE WITH SOME OF THE STAFF I WORK WITH I ENSURE I AM IN THE RIGHT FRAME OF MIND TO WORD PROFFESIONALLY WITH THEM AND NOT PERSONALLY SO THAT WE ARE ABLE TO WORK AS PART OF A TEAM AND ARE ABLE TO DO THE JOBS THAT WE ARE EMPLOYED TO DO‚ THEN I WILL WALK INTO THE DINING ROOM
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EXAMPLES OF ACCOUNTS FALLING UNDER EACH ACCOUNTING EQUATION ELEMENT: Current Assets Cash - A current asset account which includes currency‚ coins‚ checking accounts‚ and undeposited checks received from customers. The amounts must be unrestricted. (Restricted cash should be recorded in a different account.) Petty Cash Fund - A current asset account that represents an amount of cash for making small disbursements for postage due‚ supplies‚ etc. Notes Receivable - An asset representing the
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Presentation reflective account Introduction I shall analyse my presentation‚ commenting on: • where I used my skills well; • my understanding of adaptations within my role; and • areas for improvement. Knowledge and understanding As feedback noted‚ I included a good level of information on my chosen client‚ (representing the diverse group - Older Adults). I presented knowledge and understanding on how I worked collaboratively to address barriers. My presentation highlighted
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charges of £600 were charged to the bank account. • Wages of £12 000 were paid by cheque. Required: (a) Prepare the trial balance at 31 March 2011. (10) Additional information at 31 March 2011: • Operating expenses of £1 600 were accrued. • Depreciation is charged using the straight line method at the rate of: i) Premises 2% per annum ii) Fixtures and fittings 15% per annum. (b) Prepare the profit and loss account for the month of March 2011. (8) (c) Prepare
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nershipCHAPTER 2 RECONSTITUTION OF A PARTNERSHIP FIRM Partnership is an agreement between the members of a firm for sharing the profits of the business carried on by all or any of them acting for all. Any change in this relationship amounts to reconstitution of the partnership firm. A change in the partnership agreement brings to an end the existing agreement and a new agreement comes into being. This new agreement changes the relationship among the members of the partnership firm. Hence‚ whenever
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The lost generation Michael Morpurgo’s Private Peaceful enables Diane Samuels to explore distant memories of the first world war Private Peaceful by Michael Morpurgo Time and memory shape this latest work‚ set during the first world war‚ from Michael Morpurgo‚ the children’s laureate. The style is simple and eloquent‚ the pace as gentle as it is persistent and ominous. A watch‚ given by an injured captain to the private who rescued him under fire‚ marks the passing of the minutes and hours
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National Accounts • Gross Domestic Product (GDP) measures the final value of all goods and services that are produced within a country in a given time period. • There are 4 types of expenditure: 1. 2. 3. 4. Consumption: expenditure by domestic residents Investment: expenditure by firms on plants & equipment Government purchases: expenditure by governments on goods and services Net exports (exports minus imports): net expenditure by foreigners on domestic goods and services 1 GDP
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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 equity accounts) except for the owner’s
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privatization of their prison systems‚ outsourcing the management to private enterprises. Like most privatization issues‚ this topic has many supporters from the liberal economic philosophy‚ as well as many detractors that argue against profit seeking enterprises. The discussion promotes themes such as the ethical dilemma of the private sector “administering punishment”‚ selecting the correct metrics used to evaluate the performance of private sector versus public sector‚ disputes of what are “just and fair”
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