EXAMPLES OF ACCOUNTS FALLING UNDER EACH ACCOUNTING EQUATION ELEMENT: Current Assets Cash - A current asset account which includes currency‚ coins‚ checking accounts‚ and undeposited checks received from customers. The amounts must be unrestricted. (Restricted cash should be recorded in a different account.) Petty Cash Fund - A current asset account that represents an amount of cash for making small disbursements for postage due‚ supplies‚ etc. Notes Receivable - An asset representing the
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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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Job Description ----Account Payable---- General Purpose Perform accounting and clerical tasks related to the efficient maintenance and processing of accounts payable transactions. Main Job Tasks and Responsibilities ▪ review invoices and check requests ▪ sort and match invoices and check requests ▪ set invoices up for payment ▪ process check requests ▪ prepare and process accounts payable checks‚ wire transfers and ACH payments ▪ reconciliation of payments
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in the individual accounts in ledgers. 4. Create preliminary trial balance 5. Adjusting entries 6. Create adjusted trial balance of the accounts 7. Combine sums in various accounts 8. Close books for current month Permanent accounts are also known as real accounts. These are accounts that do not close at the end of the accounting year. The permanent accounts are all of the balance sheet accounts (asset accounts‚ liability accounts‚ owner’s equity accounts) except for the owner’s
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Chairs N More Table of Contents Acknowledgements………………………………………………………………………………………………………………………..3 Aim of Study…………………………………………………………………………………………………………………………………...4 Introduction…………………………………………………………………………………………………………………………………….5 Chapter 1…………………………………………………………………………………………………………………………………………6 Transactions-Sept……………………………………………………………………………………………………………………………7 Cash Book………………………………………………………………………………………………………………………………………..8
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a ACCOUNTS SCHOOL BASED ASSESSMENT PROJECT ST GEORGES COLLEGE 2010 Chevaughn Barrant who previously worked for Shady Spring Developers was made redundant and received $1‚500‚000 as his redundancy payment which he used to open his own sole trader business known as C.J’s Computer and Accessories where he trades in computers and parts. He decided to operate the business for two months August 1‚ 2010 to September 30‚ 2010 and the transactions are as follows: 2010 Aug 1 Started business
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Nothing is but what is not Macbeth is faced with the burden of choosing between acting on good or evil because of the witch’s prophecy to him. They claim it is in the prophecy for Macbeth to be king; this leaves Macbeth with the difficult decision of killing the current king‚ because for the prophecy to become true‚ Duncan must die. He thinks to himself that this supernatural soliciting cannot be good nor can it be evil. If what the witch’s said is evil‚ then how is he Thane of Cawdor? Macbeth
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Qatar Rapid Growth 1 Running head: QATAR RAPID GROWTH: GOOD OR BAD? Qatar Rapid Growth: Good or Bad? Jawaher Alsayed Essay Writing II Qatar University Qatar Rapid Growth 2 Qatar Rapid Growth: Good or Bad? Who would have believed a tiny country like Qatar would develop and grow captivatingly in such quick and short period of time? During the past 10 years‚ Qatar has been working hard on making its’ way to the world. It planned on being international and going global in a very short
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Group Discussion Board Forum 1 – Part 1 1. Ch.1 Q.8 - As area sales manager for a company manufacturing and marketing outboard engines‚ you have been assigned the responsibility of conducting a research study to estimate the sales potential of your products in the domestic (U.S. or Canadian) market. Discuss key issues and concerns arising from the fact that you‚ the manager‚ are also the researcher. A very important aspect of good research is for the researcher’s experience to be reflected (P.17)
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Inclusive Growth and Poverty Reduction in Africa The Experience of Zambia Dr. Francis Chigunta Overview • After stagnating for much of its post‐colonial history‚ economic performance in Africa has improved remarkably in recent times • Average of 5.6 per cent a year • Africa was one of the fastest growing regions in the World from 2001 to 2008 • Despite the global economic crisis Africa’s ‘robust’ growth has since resumed. • 4.8 %on average in 2011 (World Bank)‚ with the • 5.2% (International Monetary Fund)
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