double entry accounting system‚ a business transaction affects at least two accounts and the debit and credit amounts recorded for the affected accounts must be balanced. These transactions will be recorded in the appropriate books of accounts. Business entities develop a chart of accounts‚ a list of account titles with their corresponding account codes that the business will use in recording and posting in the books of accounts and in reporting in the financial statements. Double entry system:
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There is a difference between conservation and preservation. The major difference between the two is conservation is the sensible use of the natural resources by maintaining the sustainability of them for our future generation. In contrast preservation is to maintain nature and our resources in their present state. I actually do not believe that humans can harvest resources in an environmentally friendly way. I feel this way because if our human race were to begin to get resources from our national
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Michelangelo’s sculpture of David was sculpted to represent David’s victory of the tyrant Goliath and was supposed to represent the Republican Florence (Sayre‚ 2010). Many of the citizens objected to the nudity and many threw rocks at the sculpture to the point where individuals had to be paid to watch over it. After all of the objection there was a skirt made to cover the mid section of David. Marcel Duchamp‚ Nude Descending a Staircase artwork brought a lot of controversy among Americans when
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I have completed the Lotus of Control assessment and found out I am internal in which I believe to be correct. There is a positive side to my type of control. In reading‚ I found that internal orientation get better paid jobs‚ and are more achievement orientated. However‚ psychologically internals can be unhealthy and unstable. They have the tendency to want to control everything. They need a circle of influence in order to experience success. External orientation can lead easy-going‚ relaxed
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1. The facts are that this is a non- profit organization that needs to find some grants for some foundations to hire an administrative assistant to help with volunteer director to reduce the work load. Three foundations had accepted the proposal which gave them more money than what was expected. Two of the foundations asked that the money be handled in the way proposed to make sure that the money that will be spent is only spent for the reason intended. They were concerned that the money would not
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Igneous rock is a Latin word meaning fire; these rocks are formed from volcanic activity. This rock is one of three types of rock including sedimentary and metamorphic rock. Igneous rock is formed from the cooling and solidification of lava or magma. Igneous rock can be formed with our without crystallization‚ below the surface as intrusive rocks or on the surface as extrusive rocks. Volcanic rocks also known as extrusive igneous rocks include all the products resulting from volcanic eruptions of
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· What is a flexible budget? A flexible budget is a budget that is a function of one or more levels of activities. The flexible budget is more intricate and useful than a normal budget‚ which remains at one amount regardless of the volume of the activities. · What are the steps to developing a flexible budget? The steps taken to develop a flexible budget are as follow: • Identify the activity index and the relevant range of activity. • Identify the variable costs
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In the power point one had to purchase their own drive-in theatre. One invested $100‚000 in their business. The $100‚000 would fall as a line item credit under assets and shareholder’s equity. And each side had to balance each other out. Next we had to invest $25‚000 for business supplies. This will fall as a debit and credit line item under assets because we spend cash and the $25‚000 would increase the value of the business. Next we had to but the land for $150‚000. This was a debit and credit
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In the past 30 years‚ Porter’s five forces model has been recognized as one of the most useful strategic management tools which can be used to analysis organization external environment‚ so as to help organization build up competitive advantages. However‚ with the development of the world‚ the five forces model has been challenged that it cannot be continued use to adapt today’s dynamic environment. This essay aims to challenge Porter’s five forces model and to identify the problems which hide behind
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Journal Entry 1 – A Marine’s Troubled Life Anthony says this soliloquy that reveals a lot about what will happen later on‚ “I remember about myself a loneliness and poverty of spirit; mental collapse; brief jovial moments after weeks of exhaustion; discomfiting bodily pain; constant ringing in my ears; sleeplessness and drunkenness and desperation; fits of rage and despondency; mutiny of the self; lovers to whom I lied; lovers who lied to me. I remember going in one end and coming out the other
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