NATURE OF ACCOUNTS A separate account is maintained for each item in the balance sheet. Transactions may be recorded by entering the amount by which each item is affected into the respective account. The process of recording transactions consists of • T-Accounts. The T-account‚ named for its shape‚ is a convenient way of representing an account on a piece of paper. The T‚ with the account name entered at the top‚ permits transaction information to be entered on either side of the vertical
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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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Types of Receivables Accounts Receivable: amounts due from customers for sales on credit. Businesses sell to customers on credit in an attempt to increase their sales. Also called Trade Debtors. Bills Receivable: similar to accounts receivable but bills receivable are a legal instrument. Interest is charged on the bill receivable and it usually gives more time to pay than accounts receivable. interest receivable‚ rent receivable Accounts Receivable Recognition of accounts receivable Recorded
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Reflective Writing - some initial guidance for students. Jenny Moon‚ University of Exeter Introduction - reflection and reflective writing Reflection lies somewhere around the notion of learning and thinking. We reflect in order to learn something‚ or we learn as a result of reflecting. Reflective writing is the expression on paper/screen of some of the mental processes of reflection. Other forms of expressing reflection are in speech‚ in film‚ in graphic portrayal‚ music etc. The expression
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TASK ANALYSIS 4. Care for Self 4.1. Dressing frame 4.1.1. Small Button frame Nature of Activity: Table Activity Materials Used: Cloth Mat‚ Dressing frame with small buttons Presentation: Teacher greets the child “Good morning Mary. How are you today?” The child responds to the teacher in a similar manner. Teacher says “Today we are going to do a very interesting activity. We are going to work with small button frame‚ would you like to learn this activity? The child
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Course Pro Forma Program Ijazah Sarjana Muda Perguruan Dengan Kepujian Course Title ELT Methodology Metodologi Pengajaran Bahasa Inggeris Course Code TSL3103 Credit 3(3 + 0) Contact Hours 45 hours Pre-requisite Nil Year Two Semester One/Two Learning Outcomes 1. Demonstrate an understanding of the theories of language learning and acquisition and the different approaches in language teaching. (1.2) 2. Evaluate the features of the different approaches in language teaching. (6.1‚ 6
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Tutorial 1 (1a) Which one of the following is an example of an internal stakeholder? A A shareholder B Investment analyst / consultant CA manager DA supplier (1b) The original role of the accounting function was which one of the following? AProviding management information BRecording financial information C Maintaining financial control D Managing funds efficiently (1c) The major purpose of the Malaysian Accounting Standards Board (MASB) is to ensure consistency in ___________
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Before the main discussion of the reflective journal‚ the author would firstly like to identify that how the “organisational wellness” subject affected her. In the beginning‚ the author chose this subject due to the reqirement that she must choose six units of third-year level to complete her degreee. And she didn’t have any knowledge about this subject before she decided to choose it. When she attended the first lecture of “organisational wellness” ‚ she only has abstract and vague concept of the
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Sample Question Paper Code-254 ELEMENTS OF BOOK KEEPING & ACCOUNTANCY Class-IX Summative Assessment-II March 2011 Examination Design of Question paper Time Allowed : 3 Hrs 01. Weightage to form of Questions Type of questions 1. 2. 3. 4. MCQs Short Answer Questions Long Answer Questions(i) Long Answer Questions(ii) Total No. of Questions 16 8 4 4 32 Marks for each Question 1 3 4 6 Total Marks 16 24 16 24 80 Maximum Marks : 80 Duration of the examination will be 3 - 3 ½ hours. Evaluation will
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EXAM SAMPLE EXAM 1. The accounting process does not include: a. b. c. 2. d. e. labor unions all of the above statement of owner’s equity income statement balance sheet d. e. both b and c all of the above This account does not appear on the income statement: a. b. c. 6. lenders prospective owners customers Expenses can be found in the: a. b. c. 5. balance sheet balance sheet and journals balance sheet and income statement income statement
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