learned that debits are on the left side of the T-account‚ and credits are on the right side. This is the same as expenses on the left‚ and revenues on the right. We also learned that a normal balance does not have to be on the left. It can be on either side. The third PhxKlips viewed was “Financial Statements.” There are four financial statements to work with; Balance Sheets‚ Income Statements‚ Retained Earnings Statements‚ and Statement of Cash Flows. Balance sheets let you have a quick
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DIGITIZING ACCOUNTS PAYABLE DOCUMENTS When accounting files are sent to the archives at the end of the year‚ the portion taken up by the accounts payable documents usually exceeds that of all other documents combined. For some companies with high accounts payable files‚ it is a major expense to remove all the paperwork‚ box it up and identify it‚ and ship it off to a warehouse‚ from which it must be recalled occasionally for various tasks. Digitizing the documents is a means of avoiding the expense
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remittances to the cashier. The cashier prepares a listing of the cash receipts and forwards a copy of the list to the accounts receivable clerk for recording in the accounts. I think that this could be weak because what I think should happen is that the mail clerk should make the list of the receipts and send it to the manger or supervisor where then it is sent to the account receivable clerk for recording. I think by the mail clerk to just send it to the cashier could leave room for errors or
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Statistics‚ Economics‚ Engineering‚ and many other subjects. The following are the balances in the accounts for Joan Miller Advertising Agency as of January 31‚ 2001: Cash Accounts Receivable Fees Receivable Art Supplies Office Supplies Prepaid Rent Prepaid Insurance Art Equipment Accumulated Depreciation‚ Art eq. Office Equipment Accumulated Depreciation – Office Eq. Accounts Payable Unearned Art Fees Wages Payable Joan Miller‚ Capital Totals Debit Credit $1‚720 2
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Problem Statement Bank of America is struggling to position their mobile banking service in the continuously changing industry. The bank already has a mobile application but is evaluating if they should add more features to this app and how this will affect their clients. Situation Analysis Company • Bank of America is the largest U.S. bank holding company; it was founded in 1904 and expanded with several acquisitions. • By the end of 2009 BoA was the leader in the market‚ serving 82% of the
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Vol. 6‚ 2012-46 | November 29‚ 2012 | http://dx.doi.org/10.5018/economics-ejournal.ja.2012-46 Are Current Account Deficits Sustainable? New Evidence from Iran Using Bounds Testing Approach to Level Relationships Hassan Heidari Urmia University Salih Turan Katircioglu Eastern Mediterranean University Narmin Davoudi Islamic Azad University Abstract This paper provides new evidence on the long-run relationship between exports and imports of the Iranian economy by employing bounds testing
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What are the three types of activities reported in cash flow statements? Explain. Answer: The statement of Cash Flow is one of the basic financial statements for a business. It reports a company’s major cash income and outflow for a period. Cash flows are classified as operating‚ investing‚ or financing activities on the statement of cash flows‚ depending on the nature of the transaction. Cash Flows from Operating Activities: Operating activities
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Ovid’s Account of Narcissus is part of the third book of Metamorphoses. The poem had such an impact that artist Salvador Dali made a painting called “The Metamorphoses of Narcissus.” Salvador Dali was a surrealist artist whose mission was to channel the unconscious as a means to unlock the power of the imagination. Dali’s painting uses many methods to connect his art with the story. Using formal elements like contrasting colors and balancing the left and right sides‚ Dali’s painting echoes images
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Task C reflective account I work in a nursing home for the dementia of the elderly and I understand that their upbringing and background was very different to how mine was‚ some of the service users have a very different view on life with their beliefs but I take into account that everyone has their own way of living and thinking for example sadly one of the services users past away last year and her close friend who also lives in the home wanted me to accompany her to her funeral in a church‚ even
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The mythological accounts of the founding of Rome are: Aeneas as Founder of Rome: The Trojan prince Aeneas is sometimes credited with the founding of Rome as the culmination of his post-Trojan War adventures‚ but the version of the Roman foundation myth that is most familiar is that of Romulus‚ the first king of Rome. Birth of Romulus and Remus Romulus and Remus were twin brothers‚ the sons of a virgin named Rhea Silvia ( also called Ilia) and the god Mars‚ according to legend. The grandfather
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