ACCOUNTING NOTES FOR MY PERSONAL USE 4/12/2013 ELISHA VERIWA | Introduction to Accounting Accountancy is the process of communicating financial information about a business entity to users (stakeholders) such as shareholders and managers (Elliot‚ Barry & Elliot‚ Jamie: Financial accounting and reporting). Accounting has been defined as: * the art of recording‚ classifying‚ and summarizing in a significant manner and in terms of money‚ transactions and events which are‚ in part at least
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Financial Accounting Part I Textbook for Class XI © no N C tt E o R be T re pu bl is he Accountancy d ISBN 81-7450-507-5 First Edition February 2006 Phalguna 1927 Reprinted October 2006 Kartika 1928 October 2007 Kartika 1929 January 2009 Magh 1930 January 2010 Magha 1931 January 2011 Magha 1932 PD 90T RPS © National Council of Educational Research and Training‚ 2006 ALL RIGHTS RESERVED No part of this publication may be reproduced‚ stored in a retrieval system or transmitted‚
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To solve a system of equations by addition or subtraction (or elimination)‚ you must eliminate one of the variables so that you could solve for one of the variables. First‚ in this equation‚ you must look for a way to eliminate a variable (line the equations up vertically and look to see if there are any numbers that are equal to each other). If there is lets say a –2y on the top equation and a –2y on the bottom equation you could subtract them and they would eliminate themselves by equaling zero
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18 Math 070 Chapter 7 Rational Expressions and Equations (7.1) Sec. 7.1 Simplifying Rational Expressions To reduce an algebraic fraction: factor first‚ then cancel _____________________________. 1. 4w3 28w 2 2. 27 a 3 33 3. y 2 7 y 18 y2 6y 8 19 Math 070 Chapter 7 Rational Expressions and Equations (7.2) Sec. 7.2 Multiplying and Dividing Rational Expressions To multiply algebraic fractions: factor first‚ next cancel __________________________ and then
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of this compound‚ and explain why it is strange. 5. How many grams of BaSO4 (s) are formed when an excess of BaCl2 (aq) is added to 635 mL of 0.314 M Na2SO4 (aq)? BaCl2 (aq) + Na2SO4 (aq) → BaSO4 (s) + 2 NaCl (aq) 6. Determine the empirical and molecular formulas for: a. 75.69% C; 8.80% H; 15.51% O; MW = 206 b. 59.0% C; 7.1% H; 26.2% O; 7.7% N; MW = 180 1. Write (a) complete-formula equation‚ (b) ionic equation‚ (c) net ionic equation for this neutralization reaction: KHSO4 (aq) + NaOH
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2-1 BU8101 Accounting: A User Perspective Lecture 2 The Accounting Cycle Wednesday‚ 17 August 2011 Mrs. Ho Yin Kheng S3-01C-88 Nanyang Business School Nanyang Technological University Email: yklau@ntu.edu.sg Tel: 67905694 2-2 LO 2 Lecture Outline 1. Analyzing Business Transactions 2. Recording Process a. b. c. d. e. f. The Source Document The journal The accounts Debit and Credit rule Recording process illustrated Unadjusted trial balance 3. Adjusting entries
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statement (Yes. Accounts receivable will be on the balance sheet and the advertising expenses on the income statement) 2. How does financial accounting differ from managerial accounting managerial accounting deals with internal reporting and financial deals with internal reporting (Yes. Managerial accounting deals with internal reporting and financial accounting deals with external entities) 3. What calculation would you use to determine the net income Revenues minus expenses equal net income. (Yes
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E1 - Explain the ‘social model’ and the ‘medical model’ of disability. Even though there are several ‘models’ of disability that have been discussed and defined recently‚ two of the most frequently mentioned ‘models’ of disability are the ‘social’ and the ‘medical’ models of disability. The medical model of disability sees disability as a ‘problem’ that the disabled person has. Something that is to be treated‚ mitigated or even cured. It is not looked at as something that affects‚ or is the
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Case 5: Arthur Andersen: Questionable Accounting Practices April 28‚ 2012 Case 5: Arthur Andersen: Questionable Accounting Practices Describe the legal and ethical issues surrounding Andersen’s auditing of companies accused of accounting improprieties. Arthur Andersen LLP (Andersen) was involved with several legal and ethical issues regarding several of their clients being accused of accounting improprieties. Andersen may not have been directly involved with most of these improprieties;
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opinion‚ why do accountants debit asset accounts to increase them but credit liability accounts to increase them? Why do accountants debit expenses to increase them but credit revenues to increase them? In my opinion the reason for this is that accounting equations must always balance and the two sides must always be equal. Each transaction has a dual
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