Theory of Accounts 1. The fundamental qualitative characteristic of faithful representation has the components of a. Predictive value and confirmatory value b. Comparability‚ consistency‚ and confirmatory value c. Understandability‚ predictive value‚ and reliability d. Completeness‚ neutrality‚ and freedom from error 2. The amount reported as “Cash” on a company’s balance sheet normally should exclude a. Postdated checks that are payable to the company b. Cash in a payroll account c. Undelivered
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• This document consists of 4 pages. Any blank pages are indicated. © OCR 2009 [H/500/7722] SP (NF) T77015/2 OCR is an exempt Charity Turn over 2 1* Paula Redwood‚ a sole trader‚ prepared the following Trial Balance from her accounts on 30 April 2009. Rent General expenses Insurance Salaries Electricity Capital Motor expenses Bad debts Drawings Debtors Creditors Bank Stock 10% Loan Loan interest Carriage outwards Commission received Purchases Sales Purchases
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Ashley J Roulette Peltier Swk: 257 56-UP 56-UP The 56-UP begins out as the 7-UP documentary and shows the progression of young child times out in the life span every seven years up until they turned 56 years of age. I enjoyed the documentaries and being able to see the life altering changes they produced over the years. Including the struggles they faced throughout their lives. I also liked being able to see the final outcome of the individuals. Out of the individuals the three that
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Clearly define the term control in the context of an organization. Give examples and lucid explanation of the various types of control that can be used by a Manager. Why is the control function so very important to the effectiveness and efficiency of an organization? According to Robbins & Coulter‚ “control refers to the process of monitoring‚ comparing and correcting work performances.” The control process is a three step process of measuring actual performance‚ comparing actual performance
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CHAPTER.4 STUDIES MYTHOLOGY OF AIS FIELD STUDY OF BAHRAIN BANKING SECTOR Study sample: Dear sir/madam I appreciate your cooperation and support of my research by answering questionnaire. I will use the information for the research purposes only‚ and all information will be confidential. This research evaluates the reliability of Accounting Information Systems in Bahrain banking sector by using system trust (Sys Trust). Trust Services (including WebTrust® and SysTrust®) are defined
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credit sales of $5.60 million for year 2010. Chiller estimates that 1.32% of the credit sales will not be collected. Historically‚ 4% of outstanding accounts receivable is uncollectible. On December 31‚ 2010‚ the company’s Allowance for Doubtful Accounts has an unadjusted credit balance of $3561. Chiller prepares a schedule of its December 31‚ 2010‚ accounts receivable by age. Based on past experience‚ it estimates the percent of receivables in each age category that will become uncollectible. This information
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2.) Explore Aristotle’s account of happiness. Do you agree with him‚ that moral activity is secondary? In Book X of Nicomachean Ethics by Aristotle‚ he writes about pleasure and happiness. Aristotle makes the point that happiness and pleasure should not be confused with each other. He argues that pleasure is not good‚ but a good. Pleasure is not a process‚ and not all pleasures are desirable‚ so pleasure is not the supreme Good. However‚ happiness is not a process. It is an activity that
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size’. We define ourselves and others with labels. ‘Fat’‚ ‘emo’‚ ‘anxious’ and ‘ordinary’ are used seemingly interchangeably with a person’s name. Social media also allows this to go a step further‚ providing a way to create a ‘second’ identity and present ourselves in a way that doesn’t represent truth in our ‘beauty’. This is the challenge however. Social media allowing us to do this destroys the truth in beauty‚ or at least one of its basic principles.
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An account manager is a person in a business who is responsible for the management of the sales and relationship with particular customers. They are allocated particular customer accounts‚ especially the key accounts which provide the most business. The Account manager varies depending on the nature of the business. The account manager builds client relationship by acting as the interface between the customer service teams and sales teams within a company. By maintaining the company’s existing relationship
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credit in such a way that sales are expanded to an extent to which risk remains within an acceptable limit. Thus to achieve the goal of maximizing the value‚ the firm should manage its trade credit. The efficient and effective credit management does help to expand sales and can prove to be an effective tool of marketing. It helps to retain old customers and win new customers. Well administrated credit means profitable credit accounts. The objectives of receivable management is to promote sales and
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