disbursements are recorded during the test month. Checks are not recorded more than once and checks are not omitted (accuracy‚ occurrence and completeness). 6. To determine that all receiving reports were eventually entered into the system a liabilities (completeness). To determine that acquisitions were recorded at the proper amounts‚ considering the goods received (accuracy). 7. To determine that the amount recorded is accurate‚ that the classification is proper‚ and that the acquisition
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discussed in further detail include horizontal analysis‚ current ratio‚ quick ratio‚ and cash to current liabilities ratio. A horizontal analysis is used to compare data from two or more periods side by side. The current ratio reveals the relative amount of working capital by dividing current assets by current liabilities. A quick ratio is calculated by dividing the assets by the current liabilities. This paper will examine the financial standing of Apple‚ INC and provide recommendations on how to better
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Ref http://www.planware.org/workingcapital.htm http://www.investopedia.com/exam-guide/cfa-level-1/financial-statements/balance-sheet-components-assets.asp#axzz2IlyBIIT7 http://www.investopedia.com/exam-guide/cfa-level-1/financial-statements/balance-sheet-components-liabilities.asp#axzz2IlyBIIT7 Morris‚ A(2009) of KPMG http://www.accountingnet.ie/in_practice/Reducing_Working_Capital_Through_Managing_Debtors_-_Part_II.php Mehar‚ A. 2001. Impacts of Equity Financing on Liquidity Position of a
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According to the entity theory‚ there is no fundamental difference between liabilities and owners equity. Both provide capital to the business entity and receive income in return in the form of interest and dividends (Schroeder‚ Clark‚ & Cathey‚ 2009‚ page 363). Under entity theory‚ liabilities and equity would require separate line disclosure in the balance sheet‚ but there would be no subtotals for total liabilities or total equity. (Schroeder‚ Clark‚ & Cathey‚ 2009‚ page 363). Both are considered
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Secured Loans | 5‚368.76 | 5‚039.91 | 4‚842.43 | 2‚622.52 | 592.38 | 716.71 | Unsecured Loans | 3‚350.26 | 1‚986.31 | 3‚080.17 | 3‚043.04 | 342.00 | 200.00 | Total Debt | 8‚719.02 | 7‚026.22 | 7‚922.60 | 5‚665.56 | 934.38 | 916.71 | Total Liabilities | 3‚636.62 | 4‚075.03 | 4‚044.65 | 3‚532.10 | 1‚123.16 | 1‚290.39 | APPLICATION OF FUNDS : | | | | | | | Gross Block | 2‚238.72 | 2‚254.26 | 2‚048.13 | 1‚891.80 | 322.33 | 340.77 | Less : Accumulated Depreciation | 795.69 | 682
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$1‚952‚580 Company A Tropical Wave Corporation Partial Balance Sheet 31-Dec Current Assets: Current Liabilities: Cash $512‚863 Accounts Payable $250‚000 Accounts Receivable‚ net 734580 Long-term Liabilities: Water Sports Equipment Inventory 620‚000 Bonds Payable 450‚000 Lotion Inventory 560000 Other 100‚000 Other 8‚825 Total Liabilities $800‚000 Total Current Assets
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P 30‚000 Loss of P100‚000‚ 4:3:3 ( 40‚000) ( 30‚000) ( 30‚000) Cash distribution P – P150‚000 P – 4-8: b NORY OSCAR Capital balances before realization P23‚000 P 13‚500 Additional investment by Nory for the unpaid liabilities (33‚000-18‚000) 15‚000 – Loss on realization (schedule 1) ( 30‚900) ( 20‚600) Payment by Oscar to Nory P 7‚100 ( P7‚100) Schedule 1 Total capital before liquidation P 36‚500
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information for operating alternatives‚ projection of income of a new range of products‚ and forecasts of cash required for planning purposes. A. An inland revenue officer B. A labor union leader C. A tax agent D. A company’s manager 5. If the liabilities of a business decreased by RM3‚000 during a period of time and the owner’s equity in the business decreased by RM20‚000 during the same period‚ the assets of the business must have: A. decreased by RM17‚000 B. decreased by RM23‚000 C.
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Example 1: Routine request Asking for something receiver is likely to give Direct approach Opening ▪ start with goodwill words or reference previous communication ▪ what you want to know -- specific question/instruction‚ general request for information Dear Ms. Tan: I refer to our phone call this morning concerning my credit card account no 1234567. Would you please send me an itemised statement covering my card account for January? Body ▪ summarise why you are asking‚ telling; expand
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100 100 100 100 100 100 100 100 100 100 100 100 Liabilities & Equity Accounts Payable 9.8 2.2 7.4 9.1 38.3 18 35.1 22.6 6.7 8.5 8.4 8.5 18 17.9 1.4 4.8 Debt in Current Liabilities 0.5 9.1 0 0 0 0 0.1 0 1.5 0 3.5 5.6 6.5 1.6 0.8 14.9 Income Taxes Payable 2.8 1.6 0.9 1.7 0 0 0 0 0 1.2 0.9 1 1.1 0.9 0.3 nmf Current Liabilities - Other 13 8.5 3.8 13.7 22.6 15.3 14.7 17.6 6.1 7.1 19.5 14.4 10.1 5.1 5.1 8.7 Current Liabilities - Total 26.1 21.4 12.2 24.4 60.9 33.3 49.9 40.2 14
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