EXAMPLES OF ACCOUNTS FALLING UNDER EACH ACCOUNTING EQUATION ELEMENT: Current Assets Cash - A current asset account which includes currency‚ coins‚ checking accounts‚ and undeposited checks received from customers. The amounts must be unrestricted. (Restricted cash should be recorded in a different account.) Petty Cash Fund - A current asset account that represents an amount of cash for making small disbursements for postage due‚ supplies‚ etc. Notes Receivable - An asset representing the
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charges of £600 were charged to the bank account. • Wages of £12 000 were paid by cheque. Required: (a) Prepare the trial balance at 31 March 2011. (10) Additional information at 31 March 2011: • Operating expenses of £1 600 were accrued. • Depreciation is charged using the straight line method at the rate of: i) Premises 2% per annum ii) Fixtures and fittings 15% per annum. (b) Prepare the profit and loss account for the month of March 2011. (8) (c) Prepare
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Timeless Business Charts Copyright 2013 Vishnuvarthanan Moorthy Data speaks thousand words and Charts speak more than that! Are you one among them who are interested in constructing fascinating charts‚ and do you believe management decisions can be done easily with few interpretation of charts‚ then you can spend some “time” to read this… Any activity/motion/process in this world not only consumes movement or energy‚ but they also consume time. Traditionally we have been ignoring time‚ time
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nershipCHAPTER 2 RECONSTITUTION OF A PARTNERSHIP FIRM Partnership is an agreement between the members of a firm for sharing the profits of the business carried on by all or any of them acting for all. Any change in this relationship amounts to reconstitution of the partnership firm. A change in the partnership agreement brings to an end the existing agreement and a new agreement comes into being. This new agreement changes the relationship among the members of the partnership firm. Hence‚ whenever
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National Accounts • Gross Domestic Product (GDP) measures the final value of all goods and services that are produced within a country in a given time period. • There are 4 types of expenditure: 1. 2. 3. 4. Consumption: expenditure by domestic residents Investment: expenditure by firms on plants & equipment Government purchases: expenditure by governments on goods and services Net exports (exports minus imports): net expenditure by foreigners on domestic goods and services 1 GDP
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in the individual accounts in ledgers. 4. Create preliminary trial balance 5. Adjusting entries 6. Create adjusted trial balance of the accounts 7. Combine sums in various accounts 8. Close books for current month Permanent accounts are also known as real accounts. These are accounts that do not close at the end of the accounting year. The permanent accounts are all of the balance sheet accounts (asset accounts‚ liability accounts‚ owner’s equity accounts) except for the owner’s
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go about saving your money. This way you will get an idea of how to save your money in a bank. First I will talk about a checking account. This is a type of account that is widely used by many to easily access their funds. Many different banks offer a wide variety of options. You should always carefully choose your account based on what your needs for the account will be. Another good option to look for is see what the required minimum balance is for each month. From personal experience‚ you need
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Hazard identification Risk management Risk control Activities Hazard EFFECT Likelihood Severity Risk Recommended 1. Construction wastes are not being managed well Step on the wastes Feet injuries 4 3 11 Construction wastes should be manage and well and place out of workplace 2. using cellphone while handling construction vehicle Someone being cought in front of the vehicles without the worker knowing Serious injuries‚ fatal 4 3 12 Employer have to make sure workers are following safe work procedures
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Chairs N More Table of Contents Acknowledgements………………………………………………………………………………………………………………………..3 Aim of Study…………………………………………………………………………………………………………………………………...4 Introduction…………………………………………………………………………………………………………………………………….5 Chapter 1…………………………………………………………………………………………………………………………………………6 Transactions-Sept……………………………………………………………………………………………………………………………7 Cash Book………………………………………………………………………………………………………………………………………..8
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DBS201 Assignment 2 Due Friday‚ April 04th by midnight 10% of final mark Your group must consist of 2 or 3 people You will develop a logical database design for the following description shown later (Page 3 etc). Submissions done by a single person will receive a 20% penalty. Required for submission: One: (60 marks) Printed 3NF solution for each user view in this assignment
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