CHAPTER 4 Final Accounts Meaning Preparation of final account is the last stage of the accounting cycle. The basic objective of every concern maintaining the book of accounts is to find out the profit or loss in their business at the end of the year. Every businessman wishes to ascertain the financial position of his business firm as a whole during the particular period. In order to achieve the objectives for the firm‚ it is essential to prepare final accounts which include Manufacturing and
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The Reflective Manager Abstract Reflection and the effect of its application in relation to organization learning have attracted a growing attention. It is recognized that reflection is the vital content for either individuals or organizations learning process. It is believed that reflection is a very important component to accomplish successful working behavior. Moreover‚ reflection is the crucial practice in the process of exploiting learning organizations. In this report‚ the concepts of reflection
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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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CXC CSEC Principles of Accounts Exam Guide Section 1: Introduction to Principles of Accounts SPECIFIC OBJECTIVES The students should be able to: CONTENT 1. Explain the concept of accounting; concept of “Accounting” and “Principles of Accounting” 2. State the purpose of accounting; Accounting as a business practice – the purpose of Accounting. 3. Identify the users of accounting information; Internal and external users Accounting information and their needs 4. Outline
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manager I need to leave my own values and beliefs regarding diversity‚ equality to encourage non-judgemental‚ anti-discriminatory practices‚ whilst using the policy‚ procedures and current legislation and guidelines to inform practices. We use the audits‚ policies and procedures (informed by legislation and codes of practices)‚ reviews to inform our practices‚ inform staff of best practices and areas for discussion for improvement in staff meetings‚ training or if needed on a personal level through supervisions
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DEMAT Account DEMAT Account Meaning: In India’s banking terminology‚ the term DEMAT Account refers to a deposit made at an Indian financial institution that can be used for investing in shares of stocks and other financial assets. Securities are held electronically in a DEMAT Account‚ thereby eliminating the need for physical paper certificates. Definition Demat account is a safe and convenient means of holding securities just like a bank account is for funds. Today‚ practically 99.9% settlement
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Uncollectible Accounts Acc281: Accounting Concepts for Health Care Professionals Charity Care and Bad Debit Hospitals usually count bad debit in the non-compensation costs but there is a question of whether or not it should be included. There is some gray area when it comes to the difference between bad debit and charity when it comes to the Health care environment. Bad debit that won are bills that people don ’t pay for whatever reason and there is a difference between those who won ’t pay
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CLINICAL ADVANCED A practical approach to promote reflective practice within nursing Boud‚ D. et al (1985) Reflection: turning experience into learning. London: Kogan Page. Bright‚ B. (1996) Reflecting on reflective practice. Studies in the Education of Adults; 28: 2‚ 162–184. Brookfield‚ S. (1994) Tales from the dark side: a phenomenography of adult critical reflection. International Journal of Lifelong Education; 13: 3‚ 203–216. Buckingham‚ M.‚ Clifton‚ D.O. (2001) Now‚ Discover your Strengths
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Discriminatory practices‚ and who could be discriminated against Culture – Culture is one type of discrimination. The definition of culture in simple terms is someone’s background‚ including their beliefs and their religion. Someone who could receive culture discrimination could be that of a Muslim male. For example in a health and social care setting of a doctors surgery‚ a white British doctor may give the Muslim bad treatment‚ for example not prescribing them with medication due to their belief
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Published Accounts Practice Question 1 The following trial balance was extracted from the books of Eavis plc on 31 December 2009: £000 £000 Sales 11‚700 Provision for depreciation: Plant 738 Vehicles 375 Rent receivable 100 Trade payables 738 Debentures 250 Issued share capital: Ordinary £1 shares 3‚125 Preference shares (treated as equity) 625 Share premium 250 Retained earnings
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