The Balance of Payments of a country always balances The BOP accounts summarize international transactions for a specific period‚ usually a year‚ and are prepared in a single currency‚ typically the domestic currency for the country concerned. Since the balance of payment is based upon system of double-entry book-keeping‚ the total debits must equal to total credits. This is because two aspects of each transaction recorded are equal in amount but appear on opposite sides
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Revenue and Capital Expenditure Revenue and Capital expenditure are slightly different. Revenue expenditure is money that is spent on items that are only going to be used once‚ such as printer paper‚ stock‚ repairs‚ petrol etc. These items would go under expenses in the profit and loss account and would be included as part of revenue in balance sheet. Capital Expenditure is money spent by a business on items that are going to be used more than one time‚ for example machinery‚ buildings and
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able to reach its full potential financial management must be in place. This management needs to be aware of at least the basics of financial plans which are revenue‚ cost and profit. These three things can make or break a company. Each of these things must be understood and considered before plans can be laid to create or better a company. Revenue is the amount a company receives (Marginal Revenue‚ 2009). If a company is in the business of sales‚ revenue is the amount of money the company receives
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What is a Trial Balance? State its objectives and characteristics. Give some reasons for disagreement of the Trial Balance. A ’Trial Balance’ is a list of all the General ledger accounts (both revenue and capital) contained in the ledger of a business. This list will contain the name of the nominal ledger account and the value of that nominal ledger account. The value of the nominal ledger will hold either a debit balance value or a credit balance value. The debit balance values will be listed
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Example Company Balance Sheet December 31‚ 2011 ASSETS LIABILITIES Current Assets Current Liabilities Cash $ 2‚100 Notes Payable $ 5‚000 Petty Cash 100 Accounts Payable 35‚900 Temporary Investments 10‚000 Wages Payable 8‚500 Accounts Receivable - net 40‚500 Interest Payable 2‚900 Inventory 31‚000 Taxes Payable 6‚100 Supplies 3‚800 Warranty Liability 1‚100 Prepaid Insurance 1‚500 Unearned Revenues 1‚500 Total Current
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DRAFT MANAGING LOCAL REVENUE IN INDONESIA Raksaka Mahi *) Prepared for: CAN DECENTRALIZATION HELP REBUILD INDONESIA? A Conference Sponsored by the International Studies Program‚ Andrew Young School of Policy Studies‚ Georgia State University‚ Atlanta May 1- 3‚ 2002 Introduction The role of local owned revenues had been very small for a long period of time. In the past‚ almost ninety percent of total district’s revenue came from central government transfers and subsidies. Moreover‚ those transfers
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Maintaining Dental Hygiene To sustain satisfactory level of dental hygiene‚ you need to embrace the following activities in your dental hygiene plan. 1. Take care of your Teeth: Your teeth are truly valuable and with the purpose of keeping them in excellent condition‚ you need to brush them on a regular basis at least twice a day. Use a soft toothbrush and use toothpaste that is most appropriate for your teeth. You can also visit a dentist regularly to avoid any problem in the future. 2. Flossing:
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eating between meals as this will make us feel a full stomach that will tend for us to skip the next meal. The foods we eat in between meals are usually unhealthy like junk foods and the like which are not good for our kidney and liver. 4) Maintaining normal weight. It is important to maintain a normal body weight as it is easier for the lower body part and so as not to give our legs more pressure in carrying the whole body. 5) Not smoking cigarettes. Cigarette smoking is unhealthy and would
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deemed confidential. How can you politely tell another professional that to discuss a child’s record without the family consent is not appropriate?” (Bailey & Burch‚ 2016‚ p. 338) 2. Ethical principle(s) (the Code) addressed in this Case: 2.06 Maintaining Confidentiality. RBT (a) Behavior analysts have a primary obligation and take reasonable precautions to protect the confidentiality of those with whom they work or consult‚ recognizing that confidentiality may be established by law‚ organizational
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7 (a) Explain the current and financial accounts in the balance of payments. Balance of Payment or also called as BOP is a statistical statement that systematically records of all economic transactions between one country and the rest of the world during a given period of time. For example‚ BOP shows the details of the total payments made by a country and also the total receipts by it. There are three major components that are summarized in the BOP which are Current account‚ Capital account and
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