ACCY111 / SAMPLE TEST PAPER Q & A MULTIPLE CHOICE QUESTIONS (Answers are on page no 16 onwards) Q. What is the primary objective of most businesses? a. To maximize profits b. To pay dividends to stockholders c. To provide a benefit to society d. To manufacture a quality product ANS: Q. When a business borrows money‚ it incurs a(n) a. tax. b. liability. c. receivable. d. addtional equity. ANS: Q. When a product is sold‚ this cost is often called a. cost of goods sold. b. revenue. c. products. d.
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Application of Accounting Concepts Matching Principle & Accrual Concept Accrued / Prepaid Expense & Accrued or Advance Revenue To ensure an accurate matching of expenses and revenue under the accrual basis‚ it is necessary to include all revenue earned but not received and expenses incurred but not paid. Such adjustments comprise adjustments for : Accrued Revenue Accrued Expenses On the other hand‚ many recorded costs and revenues benefit more than one accounting period. Therefore‚ adjusting
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favorable working conditions and effective procedure that permits activities to be carried on efficiently. Classroom Management focuses on three major components: content management‚ conduct management‚ and covenant management. Each of these concepts is defined and elucidated by Froyen & Iverson‚ (1999) as follows: Major Components of Classroom Management | Content Management | Conduct Management | Covenant Management | Definition | It occurs when teachers manage space‚ materials‚ equipment
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Unit 5 task 3 (P5 M2 D2) – explain the concept of homeostasis‚ discuss the probable homeostatic response to changes in the internal environment during exercise‚ how homeostatic mechanisms control temperature‚ breathing and heart rate and evaluate the importance of homeostasis in maintaining healthy functioning of the body. Homeostasis Homeostasis is the maintenance of a constant internal environment in organisms. It involves volume of blood and tissue fluid within restricted limits‚ it also maintains
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FACULTY OF COMMUNICATION AND MEDIA BACHELOR OF COMMUNICATION (HONS) (CORPORATE COMMUNICATION) PRINCIPLE AND PRACTICE OF MANAGEMENT (JMS 1253) MUHAMMAD SYAZMI BIN MOHD SAID 4151001651 SEMESTER 11534 BACHELOR OF COMMUNICATION (H0NS) (CORPORATE COMMUNICATION) PRINCIPLE AND PRACTICE OF MANAGEMENT SIR ZAID BIN KADER SHAH PRINCIPLE OF PRACTICE AND MANAGEMENT EXERCISE 1 A. MANAGEMENT IN THE NEW MILLENIUM In this modern world ‚ the management aspect is one thing that can not be separated from
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ethical principles: The foundation for ethical decisions in counseling psychology. The Counseling Psychologist‚ 12(3)‚ 43-56. In the healing practitioner’s setting‚ the patient is at the core of professional practice. Whether working independently or as an employee‚ the healing practitioner must be aware of and respect their agreed code of ethics. Although every organization has their own set of ethics there are some overarching principles. There are six basic ethical principles: 1. Respect
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Topic: Explain and critically evaluate the concept of “freedom of navigation” Prepared by: Nadir Gürpınar Table of Content: 1. INTRODUCTION...........................................................................................................4 2. HISTORICAL ORIGIN OF THE FREEDOM OF NAVIGATION................................4 3. THE CONCEPT OF FREEDOM OF NAVIGATION.....................................................4 4. THE COASTAL STATE JURISDICTION
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cash reciepts and disbursements‚ which is summarized in Exhibit 1. She also learned that all accounts payable were to vendors for purchase of merchandise inventory and that cost of sale was $39345 in June. 1. Prepare an income statement for June in proper format. Explain the derivation of each item on this statement‚ including cost of sales. 2. Explain why the change in the cash balance was greater than the net income. 3. Explain why the following amounts are incorrect cost of sales amounts
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BACHELOR OF ACCOUNTING (HONS) Assignment for UKAM 4024 Intergrated Case Study June 2015 Zoo Negara has been established a long time ago. Zoo Negara relies heavily on Government funding and it must create various sources of funding. You are to discuss as to how Zoo Negara will be able to‚ 1 Finance itself better (If accounts are available highlight the areas of improvement) 2 Market itself better. 3 Do conservation so that animals will not become extinct. Recommend to the management how this establishment
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Principles and Practice of Management Subject Code: B-101 Section – A : Part ONE Q1 A Plane is a trap laid to capture the __________________ Q2 It is the function of employing suitable person for a enterprise :________________ Q3 ____________________ means “group of activity & employee into departments”: Q4 This theory states that authority is the power that is accepted by others : _________________ Q5 It means dispersal of decision-making power to the lower level of the organization : _________________
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