www.grossarchive.com Get your complete project work ACCOUNTING RECORD KEEPING AND AUDITOR’S PERFORMANCE Accounting (B.S.C) Chapters No of pages Price 1-5 130 pages N 5‚ 000 For more project materials Log on to www.grossarchive.com Or call +2348130686500 +2348097682691 Terms and Condition 1 www.grossarchive.com Get your complete project work Using our service is LEGAL and IS NOT prohibited by any university/college policies You are allowed to use the original model papers you
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November 2009 Accounting as a Major I decided to be an accountant because math comes easy to me. Since I was a little girl‚ I always got good grades and in math and not good grades in English. When I researched about accounting‚ I appreciated the salaries that I found. My grandfather has a friend who is a CPA and he told me that he can control how many hours he works a week. He helped make my decision easier because that was a question that I didn’t know the answer to. Accounting has a lot of history
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Advance Financial Accounting (FIN-611) VU LESSON # 1 ACCOUNTING FOR INCOMPLETE RECORDS 1. Introduction This topic is also known as Single Entry System of Accounting. In this chapter we will learn how an accountant prepares financial statements of those organizations which are not keeping up proper double entry book keeping system of accounting. From accounting system stand point‚ business organizations can be classified into three broad categories: 1.1 Small scale business entities These consist
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Accounting is very much connected with our personal lives in so far as it is in respect of every business. We all with intent or unknowingly generate accounting ideas in a way when we plan what we will do with money. We need to plan how much money will be spent whilst how much of it will be kept back. What is through this activity is a budget gets prepared. And we all are familiar with this concept - which is universally acceptable‚ that money must be spent cautiously. The same is true of a business
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The general rule of the Companies Act of the Section 167(1) state that every company and the directors and managers thereof shall cause to be kept such accounting and other records as will sufficiently explain the transactions and financial position of the company and enable true and fair profit and loss accounts and balance sheets and any documents required to be attached thereto to be prepared from time to time‚ and shall cause those records to be kept in such manner as to enable them to be conveniently
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Robert Mercado Which source document do you believe is most important to the accounting process and why? All source document are extremely important to the Accounting process‚ such as‚ receipt stubs‚ copies of register tapes‚ memo of cash register totals‚ respectfully. The checks stubs or copies of checks provides us information about cash payments. On the other hand‚ receipts stubs‚ copies of receipts‚ and the memos of cash register totals will provide information on cash receipts‚ (Heintz
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Chapter 1 – Nature and regulation of companies RQ 9. Outline the differences between shares and debentures. Ordinary shares attract no fixed rate of dividend‚ carry voting rights and may participate in surplus assets and profits of the company – they represent ownership of x% of the company. Ordinary shares are classified as equity. The company may issue shares either fully paid or partly paid (s. 254A). If partly paid shares are issued‚ the shareholder is liable to pay calls on the shares
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Preparing and maintaining accounting records • At the initial stage of the audit‚ carried out a risk assessment to identify the inherent risk‚ detection risk and control risk. Control tests were carried out for the main accounting systems such as sales‚ purchases etc. Depending on the results of the same‚ performed a test of control or substantive test to derive at the conclusion that the different account balances were fairly stated in the financial statements. • Computation of raw material
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overhead costs. Material requisition forms are used to record the direct material that is taken to make the attire. The form records details of the employee that used the material‚ the quantity used‚ and the type of material‚ along with who authorised it. Authorisation is important to ensure that the material is used for that specific job only. This information is then transferred to the specific job cost attire sheet. Time sheets are used to record the direct labour hours used for the specific attire
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Business Plan: Starting an Independent Record Label Introduction First of all I am setting down the employees of “Les Incompetents™”. There are three of us: The Label manager (who is responsible for running the label)‚ an A&R (the talent scout who mentors the artist through to final recording) and a business developer (who is responsible for the business deals). Although every one of us has a specific title‚ being a small independent label‚ we all work on every issue. The funding of
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