that is slightly too small rather than slightly too large. iii. The current liabilities of Reliable Store are much bigger than its current assets. In order to present a better liquidity position‚ the owner decides to include his personal bank account in the Store’s balance sheet. iv. Luxury Hotel recognises hotel room rental income on the date that a reservation is received. For the year 2001‚ many overseas visitors make reservations one year in advance. 2. “Although the totals of debit
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the questions 1. (a) (b) Define Accounting. Briefly explain the accounting concepts which guide the accountant at the recording stage. “Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.”
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Skip to next paragraph The Best Ways to Prevent Overdue Accounts First step in preventing overdue accounts is to analyze the potential customer’s credit report before you extend them credit. The reports show historical payment data and a rating that demonstrates how likely they are to pay their bills. While you don’t want to destroy any future or existing business relationships by laying down strict payment terms‚ you must enforce these terms to avoid future cash flow problems. Closely monitor
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Mr. madurai b no:74 avai nagar barathiyar street padi PADI CHENNAI‚ TN - 600050 Billing Account Number 116 810 274 Billing Account Number: 116 810 274 Free Usage(MBs): 0 Billing Period: 26-Nov-2012 to 25-Dec-2012 Total Amount Due: 1084.95 Due Date 13-Jan-2013 Bill on Mobile: To know your bill amount through your registered mobile number‚ send SMS in following format: SMS BILLINFO to 5676708 USER ID : 1105347878 Usage Beyond Free Usage(MBs): 0 Bill Number: B1-41824651 Plan Name: ADULM2048
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“The Best Way to Prevent Overdue Accounts” Most businesses have to deal with an overdue or unpaid account at some point or another. The best way to avoid collection hassles is to take preventive measures up front to ensure that accounts don’t become delinquent. Below are some steps you can take to help improve your receivables turnaround. Don’t grant credit. It’s not always possible or practical‚ but some companies can be run without offering credit. Require cash or certified checks/money orders
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The eyewitness account of the plague in Florence‚ Italy in 1384‚ talked about by Marilyn Migiel‚ was the author of the Decameron himself. Giovanni Boccaccio’s account of the plague is seemingly an eyewitness account because he “filtered his stories through other literary and historical descriptions of plagues” (Migiel 17). Boccaccio describes the plague as having baffling symptoms‚ the certainty of death‚ the overbearing presence of death and the dying‚ the procedures for trying to avoid the plague
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banks‚ opening of corporate account is key.Corperate account is very important for every corporate entities to carry out her day to day financial obligation via banks. Even though banks see it as a edge for survival via various “charges et al” on transactions on those corporate accounts‚ the customers perspective of ensuring that the account is a is properly managed is a great challenge. Therefore‚ the research investigated the challenges of managing corporate bank account in Nigeria. Earlier research
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et for the first quarter: a. As of December 31‚ 2011 (the end of the prior quarter)‚ the company’s general ledger showed the following account balances: DEBIT CREDIT $ $ Cash 48‚000 Accounts receivable 224‚000 Finished goods Inventory (1000 units) 60‚000 Raw Materials inventory (500 units) 10‚000 Buildings and equipment (net) 370‚000 Accounts payable 93‚000 Capital stock 510‚000 Retained earnings 109‚000 712‚000 712‚000 b. ‐ Actual sales for December and budgeted sales for the next four months are as follows:
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1 Review of Chart of Accounts – Philippines Questions and Suggested Answers 1. In China GAAP‚ the bonds or stocks purchased are categorized as "Held-for-trading" or "Available for sale" or "Long term investment"‚ based on the purpose of purchase. Does Philippine GAAP have similar categorization? Philippine client want to separate the marketable securities to current or non-current‚ it means short or long term‚ right? Answer: The Philippine Financial Reporting Standards (PFRS) [based from International
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Highly organized and detail-focused individual with an exceptional track record of accurately handling accounting‚ cashiering‚ inventory management‚ retail management and operational efficiency. Skilled in all aspects of managing and reconciling accounts and ensuring it’s accuracy and completeness. Expertise in developing and delivering daily and monthly reports for management within tight deadlines. Proven ability to identify and implement improvements to streamline processes and increase efficiency
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