(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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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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Daily Use of Physics Jason L. McDuffy University of Memphis Physics 1 (online) Project 1 Daily Use of Physics Physics is considered to be a powerful lens that helps people view the everyday world. Physics is reflected in the everyday phenomena‚ puzzles and toys that offer a variety of interesting challenges leading to deep and interesting problems that derive from science and mathematics. It provides us an understanding of energy‚ motion and explains these facts as
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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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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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City School of Information Technology Education CHED’s Center of Development in IT EducaOur supervisor give our corresut our task in the company one by one.ports of their emtion OJT WEEKLY REPORT Name : Chung Ho H. Pagaragan Company : Megalert Security Agency Address : Bonuan Gueset Dagupan City‚ Pangasinan Duration : April 16-May 23‚ 2013 Week 1: DAILY TIME RECORD | <insert picture of DTR here> | Fill this out for clarity and verification of hours worked | | Date |
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Occupational Therapy Acute Daily Note Date: _________ Diagnosis: _____________________________ Precautions/Weight Bearing Status: ______________________ Pain Level: ____/10 ____________________________________ AM Session Time: ____:_____ to ____:____ Minutes: Group: ________ Individual: _______ PM Session Time: _____:_____ to ____:____ Minutes: Group: ________ Individual: _______ Patient instructed/educated on the following topics…./ Progress toward
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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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go about saving your money. This way you will get an idea of how to save your money in a bank. First I will talk about a checking account. This is a type of account that is widely used by many to easily access their funds. Many different banks offer a wide variety of options. You should always carefully choose your account based on what your needs for the account will be. Another good option to look for is see what the required minimum balance is for each month. From personal experience‚ you need
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Uncollectible Accounts Lesley-Ann Herard ACC 281 John Istvan November 17‚ 2014 Uncollectible Accounts Charity care in a health care environment gives patients reduced or even free services to those who have low incomes. The idea of charity care was associated to the way hospitals helped low- income families. The write-offs and potential costs that are provided to the patients are determined before anything is done. It is up to the discretion of the hospital if any or all the cost is
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