2011 June 1 Mr. Edgar Detoya opened a bank current account with Land Bank of the Philippines in the amount of P1‚000‚000 and invested merchandise inventory valued at P45‚000 to start with his business. GJ Cash in Bank 1‚000‚000 Merchandise Inventory 45‚000 E. Detoya‚ Capital 1‚045‚000 Initial Investment June 15 Purchased store furniture and fixtures for cash from Ayala de Cebu costing P150‚000 plus VAT of 12%. Issued Check No. 48501 covered by Check Voucher No. 001. CDJ Store Furniture
Premium Accounts receivable Invoice Accounts payable
CPA‚ P.C.‚ is dated January 31‚ 2012: [pic] .:. During February‚ Mitchell or his business completed the following transactions: Feb 4 Collected $4‚000 cash from a client on account. 8 Performed tax services for a client on account‚ $4‚600. 13 Paid business debt on account‚ $2‚400. 18 Purchased office supplies on account‚ $900. 20 Paid cash dividends of $2‚200. 21 Mitchell paid for a deck for his private residence using personal funds‚ $8‚000. 22 Received $2‚300 cash for consulting work just
Premium Accounts receivable
What is a current account? Current Account is primarily meant for businessmen‚ firms‚ companies‚ and public enterprises etc. that have numerous daily banking transactions. Current Accounts are cheque operated accounts meant neither for the purpose of earning interest nor for the purpose of savings but only for convenience of business hence they are non-interest bearing accounts. In a Current Account‚ a customer can deposit any amount of money any number of times. He can also withdraw any amount
Premium Cheque Bank Debit card
Convertability on Capital Account The capital account‚ takes into account cross-border flow of funds that are associated with financial or other assets in the trading countries. For example‚ the direct and portfolio investments made by foreign investors‚ in India‚ are captured by the capital account balance of the BOP. The capital account also encompasses foreign investments of Indian companies‚ foreign aid and bank deposits of Non-resident Indians (NRI). Capital account convertibility implies
Premium Investment
slight increase in accounts receivable reflecting the timing of seasonal sales at the end of 2011 as compared with 2010. Although its primary credit risk concentrates on two clients‚ McLane and Wal-Mart‚ its accounts receivable turnover is increasing. It means Hershey’s collection ability is good. Accounts Receivable—Trade In the normal course of business‚ we extend credit to customers that satisfy pre-defined credit criteria based upon the results of our recurring financial account reviews and our
Premium Accounts receivable Balance sheet
Cash includes: currency and coins‚ checks‚ money orders‚ bank drafts and demand deposit accounts. Held for Trading Securities – Temporary investments of excess cash which are primarily held for short term gain. Loans and Receivables – include trade receivables and non trade receivables. Trade Receivables are claims against others which arise in the ordinary course of doing business. Examples are: Trade accounts receivable- these are claims against customers arising from the provision of services
Premium Accounts receivable Generally Accepted Accounting Principles Money
Section A: Battle.net Account Email Address Enter the email address of the Battle.net account. If this form is to request the transfer of a World of Warcraft or Diablo III game license to a different Battle.net account‚ enter the email address of the destination account and the name of the World of Warcraft license on the following lines. Battle.net Account Email: _______________________________________________________ Destination Battle.net Account Email: _____________________________________________
Premium Blizzard Entertainment
That’s why different financial institutions offering different return rates on their different depository schemes. Deposit having high maturity has high rate of return and those having low maturity has low rate of return. For instance the current account has very shorter maturity having offered no return‚ and saving deposits have high maturity offered high rate of return. The difference among the Islamic and conventional banking system can be judged on the basis of risk involvement. The Islamic
Premium Islamic banking Bank Finance
Eyewitness Account Everyone has heard of the tragedies and unfortunate events that took place during World War II‚ known as the Holocaust. However‚ not many people really truly understand the depths of torture‚ depression‚ and cruelty that took place during this time. Before reading Auschwitz; A Doctor’s Eyewitness Account by Dr. Miklos Nyiszli‚ I myself did not grasp the concept of what in fact took place several years ago. My history teacher recommended Auschwitz; A Doctor’s Eyewitness Account‚ saying
Premium The Holocaust Nazi Germany Germany
The account of “Canada before 1760‚”1 illustrates how life in Canada is often misinterpreted before this time. Misinterpretation often occurs due to the biased portrayal‚ as well as debates‚ on such topics as frontierism vs. metropolitanism‚ decapitation theory vs. changing masters theory‚ the significance of the roles played by the natives vs. the European colonists‚ and also the power religion had or did not have over the native peoples. Although‚ the opening sentence‚ in the account of Canada
Premium Canada Native Americans in the United States First Nations