CHAPTER II RELATED LITERATURE Blumea balsamifera(sambong) A Phytochemical and Pharmacological Review Sambong (Blumea balsamifera) is a native flowering or weed that is endemic in the Philippines and other tropical countries. It is a popular herb especially for its healing properties including antidiarrhetic‚ antigastralgic‚ expectorant‚ stomachic‚ and antispasmodic‚ among others. Aside from these‚ sambong is also popular for being emmenagogues‚ or for stimulating menstruation or the blood flow
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To: Audit partner From: Sajan Shrestha (manager) Date: 4/20/14 Subject: Identification of factors influencing risks and the relationship of risks to audit evidence After performing preliminary analytical procedures and planning activities for Pinnacle Manufacturing‚ I have found several factors influencing inherent risks and acceptable audit risk. I have categorized the determinants of acceptable audit risk into three different factors: external users’ reliance on financial statements‚ likelihood
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Business Transactions Review Questions 1. The three categories of the accounting 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
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Chapter II: Review of Related Literature History of School Papers In the public high schools in the City of Manila‚ school newspapers were published as early as 1930‚ although records show that The Coconut‚ a mimeographed copy and edited by Carlos P. Romulo came out in the school year 1911-1912. For several years some big schools in the public schools in Manila had one newspaper‚ the first three pages of which were devoted to English and the remaining pages to Filipino. It was only in 1960
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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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Thinking Global Philippines as a Fashion Capital By Dr. Bernardo M. Villegas INQUIRER.net As the Filipino middle class expands more rapidly in the coming years‚ one of the sunrise industries catering to the domestic market is fashion. Filipino fashion designers and fashion companies will have a reasonable chance to compete with the foreign brands that are increasingly appealing to the large youth market. Having been nurtured in a multicultural society‚ Filipino fashion designers are among the
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Inventory Systems Summary According to the U.S. Small Business Administration‚ “Inventory refers to stocks of anything necessary to do business” (U.S. Small Business Administration‚ 2010‚ pp 1-2). The U.S. Small Business Administration publication describes what constitutes successful inventory management (balancing cost versus benefits of inventory)‚ including 1) Maintaining a wide assortment without spreading the rapidly moving items too thin‚ 2) Increasing inventory turnover without sacrificing
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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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The Issues & Problems of Cafeteria Food The controversy over cafeteria food is whether or not it is healthy for all students from elementary schools to colleges. Numerous factors lead to unhealthy eating in schools and on campuses. Sometimes options with better nutrition are offered‚ but when there are they tend to be less appealing than the unhealthy foods (Obesity). Many schools are undergoing budget cuts and changes‚ and healthy food tends to take a back burner when deciding where the limited
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contains the company’s unadjusted trial balance as of December 31‚ 2011. BUG-OFF EXTERMINATORS December 31‚ 2011 Unadjusted Trial Balance Cash 17‚000 Accounts receivable 4‚000 Allowance for doubtful accounts 828 Merchandise inventory 11‚700 Trucks 32‚000 Accum. depreciation-Trucks - Equipment 45‚000 Accum. depreciation-Equipment 12‚200 Accounts payable 5‚000 Estimated warranty liability 1‚400 Unearned services revenue - Interest payable - Long-term notes payable 15‚000 D. Buggs‚ Capital
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