1. What are the three golden rules of accounting? Real Accounting: Dr - What comes in Cr - What goes out Examples of this kind of transaction include cash/bank and rent. Personal Accounting: Debit is the receiver. Credit is the giver. An example of this kind of transaction is Vendor/Customer relations. Nominal Accounting: All gains and income are credit. All losses and expenses are debit. An example of this kind of transaction is sales and/or purchases. 2.Balance Sheet DEFINITION OF
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As far as the development and demise of vaudeville‚ there is much to be said. But to truly understand its rise and fall‚ first one must understand what vaudeville is. Vaudeville was a theatrical genre of entertainment that was popular in the United States from the early 1880s until the mid 1930s. Each performance consisted of a series of unrelated acts grouped together on a common bill. Types of acts included classical musicians‚ dancers‚ comedians‚ trained animals‚ magicians‚ impersonators‚ acrobats
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Accounting for Decision Making Study Notes Introduction to Accounting (Week One) Accounting is the process of identifying‚ measuring and communicating economic information (transactions) of a business to a variety of users for decision making purposes. Business transactions are an external exchange of something of value between 2 or more entities. They can reliably be measured and recorded and can affect the assets‚ liabilities and equity of a business/ organisation. Accounting information is
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The 75 Greatest Management Decisions Ever Made 1. A slaveowner decides to place an advertisement for the return of alost slave. 2. Apple decides to develop the first salable PC. 3. Henry Ford decides to start his own company. 4. Sears‚ Roebuck decides to go into retail sales. 5. Julius Reuter decides to use carrier pigeons to deliver information. 6. Swiss watch manufacturers decide to collaborate. 7. Bill Gates decides to license MS-DOS to IBM. 8. Reuben Mattus decides
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malignity. In this literary essay‚ the supposed reasons why Iago brought about Othello’s demise will be discussed and some insight into Iago’s character will be given In the first scene of the play‚ Iago claims that he despises Othello for the reason that he did not consider him for the position of Military Lieutenant but instead chose Michael Cassio. Iago further claims he is more experienced than Cassio who only knows the theoretical aspects of war. Iago undoubtedly appears to be anguished by this. He continues
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lessons to be learned from the Enron scandal? Hanson: The Enron scandal is the most significant corporate collapse in the United States since the failure of many savings and loan banks during the 1980s. This scandal demonstrates the need for significant reforms in accounting and corporate governance in the United States‚ as well as for a close look at the ethical quality of the culture of business generally and of business corporations in the United States. N: Why did this happen? H: There are many
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management of Enron including Kenneth Lay‚ Jeffrey Skilling and Andrew Fastow. These managers created a tone at the top of Enron that allowed and encouraged accounting that mislead investors. The audit team at Anderson and especially David Duncan the lead partner for Enron’s audit holds responsibility. Anderson was negligent in finding problematic accounting used by Enron. In addition‚ Anderson made millions on consulting services provide to Enron which makes their independence for Enron come into
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It has to be a tough decision to make when your option is shooting your best friend. In “Of Mice and Men” by John Steinbeck‚ George decided to shoot one of his best friends‚ Lennie. “Of Mice and Men” is about some farmers that dream to get there own place. The book takes place in the Salinas Valley. George and Lennie travel together and Lennie is always getting them into trouble‚ though‚ Lennie truly doesn’t mean to. It lead to a heartbreaking decision for George. George made the right choice on shooting
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tells the public or someone in authority about alleged dishonest or illegal activities. However‚ Sharron Watkins only blew the whistle internally and so did not do everything she was morally required do as Vice President of Corporate Development for Enron. 1. Sharron Watkins ignored the first signs of fraud in a selfish pursuit to develop her own career. When first warning signs of fraud happened in 1996 Watkins protested against them to higher management however got no response. Instead of alerting
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The concentration camps was a place where people were detained and confined. The concentration camps are where they held jewish people against their own will. The concentration camps was where the Germans placed the Jews to hostage before killing them. There are three specific concentration camps that the Jews were sent too. The three concentration camps were the transit camps‚ forced labour or work camps‚ and extermination camps. Adolf Hitler just wanted to prove his power to everyone. The
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