Liabilities + Incomes Asset named Cash Balance created and Liability Shareholder’s Capital gets created 100000 + 0 = 100000 + 0 b Purchased inventory on account for $200‚000. Assets + Expense = Liabilities + Incomes Asset named Inventory created and Liability Vendor payable gets created 200000 + 0 = 200000 + 0 c Sold inventory for $200‚000. $75‚000 of the sales were for cash and $125‚000 were on account. The inventory sold had cost Stewart
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BALANCE OF PAYMENT (BOP) Introduction: Balance of payments (BOP) is a record of economic transitions between the residents of one country and the rest of the world during one year. The balance of payment like all balance sheets must balance. The items‚ which lead to‚ an inflow of foreign earnings are placed on the credit side of the balance sheet‚ whereas the items‚ which give‚ rise to an outflow of foreign currency are placed on the debit side. Definition: “Balance of payment is a systematic
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book is being recommended for background reading. PAPER 2. (Literature in English) DRAMA : As You Like It : Shakespeare (edited by Roma Gill‚ Oxford University Press) OR Loyalties : John Galsworthy (edited by G.R. Hunter) PROSE: At least one of the following: (i) A Treasure Trove of Short Stories: Compiled and Edited by S. Chakravarthi (Frank Bros. & Co.) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. An Astrologer’s Day : R.K. Narayan Dust : ‘Saki’ (HH Munro) The Postmaster : Rabindranath Tagore
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(Also known as "T" Account and Account) Having passed the double or journal entries‚ the next step is to post these double or journal entries into Ledger accounts. Ledger account or an account is simply the classification of double entries which we have made in General Journal or any other journal. In an account we bring together all similar entries in one place. For example a company has purchased goods on 4th and 7th January‚ we would put both entries in purchases account because of their similar
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DEMAT Account DEMAT Account Meaning: In India’s banking terminology‚ the term DEMAT Account refers to a deposit made at an Indian financial institution that can be used for investing in shares of stocks and other financial assets. Securities are held electronically in a DEMAT Account‚ thereby eliminating the need for physical paper certificates. Definition Demat account is a safe and convenient means of holding securities just like a bank account is for funds. Today‚ practically 99.9% settlement
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STUDIES MBA (Financial Administration) SEMESTER IV MAJOR RESEARCH PROJECT ON BALANCE OF PAYMENTS SUBMITTED TO SUBMITTED BY Mr. MANEESHKANT ARYA ARUN SHRIVASTAVA CERTIFICATE INSTITUTE OF MANAGEMENT STUDIES DAVV‚ INDORE This is to certify that Mr. Arun Kumar Shrivastava‚ student of MBA (Financial Administration) Sem IV has worked under my supervision in the presentation of his research project titled “Balance Of Payment & Its Implications”. The project embodies the work of the candidate
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All the functions of RBI are performed under the guidance of Board for Financial Supervision (BSF). The primary objective of BFS is to take charge of the financial sector comprising commercial banks‚ financial institutions and non-banking finance companies (RBI‚ AboutusDisplay). ING Vysya Bank ING Vysya Bank Ltd is a premier bank in the Indian private sector and member of the global financial giant ING. By the estimates of December 2010‚ ING ’s total assets exceeded 1247 billion euros‚ with an underlying
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Principles of Accounts teacher Ms. Williams who helped me along the way. AIMS OF THE BUSINESS The aim of the business is to achieve exposure of what goes on in the business world. The aim of this business is to also know how to prepare Accounting Ratios‚ how to operate a business and how to achieve customer satisfaction and to attain profit. DESCRIPTION OF THE BUSINESS The name of the company is Cola Red Enterprise. The type of company is a Private Limited Company which is
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When one enlists in the united states military‚ they take the following oath I do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies‚ foreign and domestic; that I will bear true faith and allegiance to the same; and that I will obey the orders of the President of the United States and the orders of the officers appointed over me‚ according to regulations and the Uniform Code of Military Justice. When one takes that oath they sear to
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Types of Receivables Accounts Receivable: amounts due from customers for sales on credit. Businesses sell to customers on credit in an attempt to increase their sales. Also called Trade Debtors. Bills Receivable: similar to accounts receivable but bills receivable are a legal instrument. Interest is charged on the bill receivable and it usually gives more time to pay than accounts receivable. interest receivable‚ rent receivable Accounts Receivable Recognition of accounts receivable Recorded
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