equation are assets‚ liabilities‚ and equity. Assets include Cash‚ Accounts Receivable‚ Notes Receivable‚ Prepaid Expenses‚ Land‚ Building‚ Equipment‚ Furniture‚ and Fixtures. Liabilities include Accounts Payable‚ Notes Payable‚ Accrued Liability‚ and Unearned Revenue. Equity includes Owner’s Capital‚ Owner’s Withdrawals‚ Revenue‚ and Expenses. 2. Companies need a way to organize their accounts so they use a chart of accounts. Accounts starting with 1 are usually Assets‚ 2 – Liabilities‚ 3 – Equity
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society and will continue to find ways to improve and better peoples live. Through this change the researcher will design a proposed system for Robles Bakery that would therefore answer the needs or the establishment in their method of giving in their employee’s salary. The purpose of this is to make their way of computing the payroll easier. Background of the Study Robles Bakery was established on June 21‚ 1985‚ by Mr. Mario Larcia at 50 M. Paulino Street San Pablo City Laguna. Robles Bakery was
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audit during the planning phase. The purpose of assessing risks early is to help auditor plan the audit by deciding which parts of the audit to emphasize and the extent of testing. It helps auditors to understand the nature‚ timing‚ extent of the accounts‚ therefore plan a right procedure and the appropriate evidence to accumulate 2. Explain how the levels of acceptable audit risk and materiality you selected in this assignment might affect the remainder of the audit. Specifically‚ what effect would
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Table of Contents I. The Problem and Review of Related Literature Introduction . . . . . . . . . . . . . . . . Review of Related Literature and Studies . .. Conceptual Framework . . . . . . . . . . . . Objective of the Study . . . . . . . . . . . Description of the Present System. . . . . Description of the Proposed System . . . . Table Design.. . . . . . . . . . . . . . . Entity Relationship Diagram (ERD). . . . . Data Flow Diagram (DFD). . . . . . . . . . Hierarchical Input
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Advanced Auditing Case Assignment 2.3 1. (a) When confirming year-end accounts receivable‚ auditors hope to accomplish the objective of obtaining evidence from third parties to evaluate the client’s assertions of year-end accounts receivable amounts. The client’s assertions that accounts receivable confirmation can effectively address are existence‚ rights‚ and valuation. (b) When performing year-end sales cutoff tests‚ auditors hope to accomplish the objective of obtaining evidence from third
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REVIEW OF RELATED LITERATURE The review of the literature for this study focuses on creating computerize inventory system for Cavite State University Marketing Main Campus. In order to create we need to find some helpfull resources about the study. Related Literature Janes (2001) stated that computers are extremely reliable device and very powerful calculators with some great accessories applications like word processing problem for all of business activities‚ regardless of size‚ computers
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J1 Date Account Titles and Explanation Ref. Debit Credit 2014 Cash 101 20‚000 May. 1 Common stock 311 20‚000 (Issued shares of stock for cash) 3 Supplies 126 1‚500 Accounts Payable 201 1‚500 (Purchased supplies on account
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Proposed Inventory System In Mang Inasal Food Corporation (Calapan City) System Analysis and Design Presentation of Bachelor of Science in Information System In City College of Calapan System Analysis and Design (IS8) requirement For the Bachelor of Science in Information System Presented by: Angeles‚ Mark Lowie P. Aquino‚ Bryan Delf C. Delos Santos‚ Kim Edward A. Dizon‚ Mark Dave A. Malabanan‚ Eric D. Mañibo‚ Jestone D. Tugas‚ Kim Paolo F. Villarez‚ Isaac Ace ACKNOWLEDGEMENT
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engaged in high-end systems that aims to enhance individual lifestyle and most especially in the world of business. The use of manual system is now obsolete because of the newly computerized system. Almost all of the businesses are using high-end systems that can be easily used which can lessen the time consumed compare to the manual system. Inventory system is an efficient way to monitor and track different products that are being transferred in and out of the company. Inventory system serves several
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RELATED LITERATURE Receivables are one of the three primary components of working capital‚ the other being inventory and cash. Receivables occupy second important place after inventories and thereby constitute a substantial portion of current assets in several firms. The capital invested in receivables is almost of the same amount as that invested in cash and inventories. Receivables thus‚ form about one third of current assets in India. Receivables provide protection to sales from competitions
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