RE: Legal Basis of Philippine Education 1935 Constitution‚ Article XIV‚ Sec. 5: Quote:Section 5. All educational institutions shall be under the supervision of and subject to regulation by the State. The Government shall establish and maintain a complete and adequate system of public education‚ and shall provide at least free public primary instruction‚ and citizenship training to adult citizens. All schools shall aim to develop moral character‚ personal discipline‚ civic conscience‚ and vocational
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Business (UKM-GSB-LHDN) Cost Classification: Government Agency PROBLEM 2-56 The Department of Natural Resources is responsible for maintaining the state’s parks and forest lands‚ stocking the lakes and rivers with fish‚ and generally overseeing the protection of the environment. Several cost incurred by the agency are listed below. For each cost‚ indicate which of the following classifications best describe the cost. More than one classification may apply to the same cost item. The Answers
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The full disclosure principle states that any future event that may or will occur‚ and thatwill have a material economic impact on the financial position of the business‚ should be disclosed to probable and potential readers of the statements. Such disclosures are most frequently made by footnotes. For example‚ a hotel should report the building of a new wing‚ or the future acquisition of another property. A restaurant facing a lawsuit from a customer who was injured by tripping over a frayed carpet
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Cost Accounting – Classification of costs Cost accounting refers to a process of accumulating‚ recording‚ classifying and analyzing all costs incurred at various levels of production. The purpose of cost accounting is manifold. It provides a final selling price‚ suggests the best possible course of action where maximum savings are possible and a strategy for future. Cost accounting is also constructive in comparing the input and output results that ultimately aids the management to arrive at a financial
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incomes and expenses and gains and losses of a business concern. For example‚ Salary Account Dividend Account Sales Accounts can be broadly classified under the following four groups. Assets Liabilities Income Expenses The above classification is the basis for generating various financial statements viz.‚ Balance Sheet‚ Profit & Loss A/c and other MIS reports. The Assets and liabilities are taken to Balance sheet and the Income and Expenses accounts are posted to Profit and Loss Account.
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Permaculture as a Basis for a Sustainable Future “Permaculture” is a word created by its founder‚ Bill Mollison and is a fusion of “permanent agriculture.” According to the International Labor Office‚ agriculture is any type of activity that involves the production and marketing of crops and animals. Agriculture does not follow a set of principles nor does it follow a set of ethics and is therefore ineffective when it comes to the advancement of society. Although agriculture has been an effective
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COST CONCEPTS AND COST ACCOUNTING By: Aman Jawahar Sarika Deepak Muneer CONTENTS Concept of Cost Cost Accounting Terms in Cost Accounting Elements of Cost Meaning of Overheads Classification of Costs Methods of Costing Types of Costing MEANING: Cost Concept: The term ‘cost’ means the amount of expenses [actual or notional] incurred on or attributable to specified thing or activity. Cost means ‘the price paid for something’. Cost Accounting: Cost Accounting is concerned with recording
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Critical Lens Although the world is full of suffering‚ it is full also of the overcoming of it. Although the world is full of suffering‚ it is full also of the overcoming of it?. This literal and realistic statement said by one who has known suffering and has dealt with it. Helen Keller experienced a traumatic time as a child; being deaf and blind‚ she knew suffering but also knew that it is possible for it to be conquered and forgot. She suffered in this way as a child and her adult
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Joshua Marston was extraordinary in his movie debut as director in the film Maria Full of Grace. It was very impressive because nothing seemed to deter him from displaying many serious and important issues going on all over the world. This particular film dealt with many political‚ immigration‚ anti-feminist and cultural issues and that is just to name a few. What really interested me the most about this film is that it is a movie about survival and the various struggles people must confront. His
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website‚ which can be edited by anonymous sources at any time. This means that the information is not always correct which can be frustrating to professors. “As someone who ’s been there and done the grading thing‚ I can tell you that when a professor flips to your Works Cited page and glances over your list of sources‚ a page full of Wikipedia entries is going to spark a frenzy of eye-rolling and red pen” (Meister). College students not only have to worry about having the wrong information in their
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