BUS 10250 Financial Accounting Mid term Revision Question 1 Financial year is from 1/6/20x8 to 31/5/20x9 Rent Rent charged was $2‚400 from 1/1/20x8 to 31/12/20x8 which was $200 per month. Rent charged was $3‚000 from 1/1/20x9 to 31/12/20x9 which was $250 per month. Rent expense charge to income statement for year ended 31/5/20x9 should be: 1/6/20x8 to 31/12/20x8 total $1‚400 1/1/20x9 to 31/5/20x9 total $1‚250 Hence‚ total rent expense charge to the income statement for the year ended 31/5/20x9
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Accounting The nature of work of accountants and auditors is to prepare‚ analyze‚ and verify financial reports and taxes‚ and monitor information systems that furnish this information to managers in business‚ industry‚ and government. The major fields of accounting are Public accountants who have their own business or work for public accounting firms. They perform a large range of responsibilities such as doing taxes‚ numerous accounting and auditing‚ consulting activities for their clients‚
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ACTG381 Sample Midterm Midterm 1 Name:_____________________________________________ Part 1: Multiple Choice (25 questions @ 3 pts ea. Suggested time 50 minutes) Use a scantron to fill in the letter corresponding to the “best” answer. 1. Which of the following properly describes a deferral? a. Cash is received after revenue is earned. b. Cash is received before revenue is earned. c. Cash is paid after expense is incurred. d. Cash is paid in the
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Question 2 Introduction Takealot.com is one of South Africa fastest growing and largest online retail stores. This great e-commerce business was officially launched in 2011 after the acquisition of Take2.com by Kim Reid who is a former senior executive at Naspers and the US based hedge fund‚ Tiger Global. Takealot.com offers a service of online shopping to consumers. This business was developed with a simple vision and goal in mind which is to offer a one stop customer focused online retail store
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the overall performance of the company ‘s objectives . so we can say easily the of level of the strategic management is managerial role tasks they setting always the goal of the firm. The success and failure of the firm depends on the strategic they had been planned ‚ if they considered good plan your project will success ‚if
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The Mid Day Meal Scheme is a programme of the Government of India that‚ among other things‚ seeks to address issues of food security‚ lack of nutrition and access to education on a pan nation scale.[1] It involves provision for free lunch on working days for children in Primary and high school. The primary objective of the scheme is to provide hot cooked meal to children of primary and upper primary classes.[2] with other objectives of improving nutritional status of children‚ encouraging poor children
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What are Communication skills? Communication skills are nothing but sharing thoughts or opinions through shared symbols‚ by language‚ words and phrases. It further explains conscious listening is with the mind hearing with senses and expressing the ideas‚ attitudes and emotions in an active process of eliciting information. Role of communication skills in daily life: Communication is important for different reasons‚ depending on the context and quality. It limits misunderstanding‚ ensures accuracy
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The topic that I have chosen to do a research project on is Nike Inc. I chose to do my research on Nike because I am for one‚ very much interested in Nike‚ and secondly I am very interested in Nike ’s clothing‚ shoes‚ and accessory line. <br> <br>Basketball players "want to be like Mike"‚ but shoe companies "want to be like NIKE." NIKE is the worlds #1 company and controls more than 40% of the US athletic shoe market. The company designs and sells shoes for just about every sport‚ including baseball
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concern towards their health‚ strength‚ power and sexual potency. Midlife is also viewed as a period of creativity and significant contribution to society. Mid-life transition is something that happens to individuals typically ranging from thirties to late fifties. It is a natural process and is a normal part of maturing. These experiences at mid-life can occur naturally or result from some significant changes that are inevitably going to occur at some point along the continuum. Coming to terms with
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ECON1102 MACROECONOMICS 1 Session 2‚ 2012 Tutorial Test (Week 17-21 September) INSTRUCTIONS 1. Tutorial tests will be constructed from the following pool of short-answer questions. 2. Each Tutorial test will be comprised of a sufficient number of short-answer questions to add-up to a total of 20 marks. 3. The marks for each question provide an indication of how much is required to answer the question. 4. Tutorial tests may contain questions on different topics. 5. The set of short-answer
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