company issue a share having face value of Rs 10 at Rs 8 Give two examples of ‘Capital receipts’. Give two circumstances in which sacrificing ratio may be applied (1) (1) (1). (1) (1) Show how you would deal with the following items in the final accounts of a club: (3) Debit credit Prize fund Prize fund Investments 1‚20‚000 Income from Prize fund Investments Prizes awarded 9000 Q7. 1‚20‚000 12000 A‚B and C are partners sharing profits and losses in the ratio of 1 : 2: 3. They have omitted interest
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University of Phoenix Material Week 6 Mentorship Meeting Worksheet Please complete this sheet with your mentor and submit it to your instructor. Date of Meeting: Meeting Duration: 1. Meeting notes – what was discussed during your meeting? Discipline in your work environment‚ being responsible with yourself and your coworkers and help the best possible way to help work get done in a moderate time. 2. What issues have you encountered since the last meeting and how did you address them
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profit and unappropriated profit. what is the accumulated profit and why do accountants and bookkeepers use different names for the same thing? (6 marks) Accumulated profits is profits that are not paid as dividend but is transfered over to the accounts for the next year. Also can be used to reinvest in the core of the business to help pay off debts or to purchase a capital asset. The reasons why accountants and bookkeepers use different names for the same thing is because bookkeepers are the people
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During my first fortnight on the Access to HE Diploma - Nursing‚ Midwifery and Health Studies programme I experienced my first maths lesson in eight years. My class and I were introduced to our teacher and given a brief introduction to the subject; the teacher discussed several different types of numbers: squared numbers‚ cubed numbers‚ triangle numbers‚ integers‚ multiples and prime numbers. Throughout the lesson I struggled to understand what the teacher was trying to explain‚ as slides were shown
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Fixtures and fittings $000 $000 250 100 350 Current Assets Stock Debtors Cash Current Liabilities Creditors for supplies Accruals Bank 1540 820 3 2363 1210 192 203 1605 758 1108 25 910 Share capital – Ordinary shares Retained profits Loan accounts – Bracket Racket 104 69 173 1108 The company accountant resigned at the beginning of April 2002 and proper records were not kept for the six-month period 1 April to 30 September 2002. The following information is available for that six-month period
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Transactions Show Journal entries to record the following transactions. Post them into appropriate Ledger Accounts and then extract a Trial Balance on 31st December‚ 2012: 2012 Jan 1st: Commenced business with cash Rs 1‚00‚000. Jan 10th: Bought office equipment worth Rs 40‚000. Jan 25th: Purchased goods worth Rs 25‚000; less 10% trade dis. on credit from Rahul. Feb 4th: Purchased office stationary worth Rs 500. Feb 9th: Paid premium for fire insurance Rs 5‚000 Feb 20th: Sold goods on
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UNIVERSITI UTARA MALAYSIA UUM COLLEGEOF BUSINESS SCHOOL OF ACCOUNTANCY COURSE CODE : BKAL1013 COURSE : BUSINESS ACCOUNTING PRE-REQUISITE : NONE 1.0 COURSE SYNOPSIS This course is designed specifically for students from non-accounting disciplines. It is divided into two sections‚ i.e. financial accounting and management accounting. Students will be exposed to accounting concepts‚ principles and assumptions. They would be able to assess
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Micromanagement vs mentorship Chiefs are a driving force in the military‚ with back seat drivers calling the shots. Chiefs with years of experience and knowledge are being undermined and micromanaged. The Chiefs are the backbone of the service‚ the model of "Ask the Chief" mentality‚ and visionaries in mentorship. Without a backbone how does your body stand‚ maintain flexibility‚ and communicate? If you do not utilize the "Ask the Chief" mentality and get their advice what would the future framework
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Outside of the classroom at the University of Pittsburgh‚ I participate in two main activities- the Undergraduate Research Mentorship Program (URMP) and Gamma Sigma Sigma (GSS). The URMP is a program run through the School of Nursing (SON) in which interested students are matched with a mentor who is conducting research of some sort and allows the student to participate and learn the research process. I have been involved with the URMP for the past two years and have been matched with a professor
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Individual Assignment Introduction to Financial Accounting (ACC106) Mega Lawa Trading is a sole proprietorship business owned by Milah Mela. Transactions below are the business activities for the month of December 2013. Date Transaction Effects of Transaction Principles of Double Entry 1 Started a business with a cash at bank for RM 15‚000 and cash in hand for RM 10‚000 3 Purchased machinery on credit from Happy Machine Supplies amounted to RM 90‚000 4 Bought inventories
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