Q. How Will You treat ‘ packing expenses on sales’ in final accounts? Ans. It is an indirect expense‚ therefore‚ it should be shown in the Profit & Loss Account. Adjustments at a Glance Sl No. Adjustments Adjustment Entries Treatment in Final Accounts 1. Closing Stock Closing Stock A/c Dr. To Trading A/c a. Credit side of Trading A/c. b. Show on the assets side of B/S 2. Outstanding or unpaid expenses Expenses A/c Dr. To Outstanding exp. a. Add to the
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REFLECTIVE ACCOUNTS The word reflective or reflection is derived from the word reflect. The Oxford dictionary meaning of reflect is “to think carefully and deeply about something”. The word “reflective” is an adjective used to describe the kind of report or writing you are required to submit for your Diploma. Therefore a reflective account can be understood as a real or true story of how you have carried out an activity at work or an action you took in the past and why you took the action.
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A Study on Account Holders’ perception towards internet banking Abstract Tremendous progress in the field of information technology has reduced the world to a global village and it has caused unprecedented changes in the banking industry. Huge developments in the technology of telecommunications and electronic data processing have further stimulated these changes. Internet banking is new jargon frequently used in banking circles. Today‚ banks are switching to multi-channel distribution of financial
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Pearson ’s consumer operations‚ Penguin‚ operates a series of connected national publishing houses. With sales of £5. 6 billion in 2009‚ Pearson operates in more than 60 countries. Financial statements are prepared in accordance with IFRS. Shares trade in London and New York (Source: Company Annual Report and Form 20-F) Refer to the Pearson plc financial statements and footnote excerpts for 2009. All figures are in millions of pounds sterling (L). a. What is an account receivable? What other names
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Within this assignment I will be interpreting the contents of the British airways accounts I will also be writing a statement about the business and its progress‚ and describe what profit and loss accounts are. PROFIT AND LOSS ACCOUNT By law business are required to provide annual financial statements‚ which will appear in their company report‚ there are two main types of financial statements‚ one is balance sheet and the other is a profit and loss account. A profit and loss account is a record
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The first part of this Reflective Account describes what influences and events in my life have helped to develop my Personal Values. My grandparents taught me most of my basic ‘Personal Values’. I learned from an early age how to be polite‚ have good manners and respect my elders as failure to do so would result in getting sent to bed early. In those days I did not have a television in my room so in my eyes this was the ultimate punishment! They were not deeply religious people; my grandmother
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all the main supermarket chains with first class processed meat products. The last few years have been difficult for the food manufacturing industry because of food scares surrounding BSE and Foot and Mouth disease‚ both of which have led to an increase meat production around the world. As a responsible company‚ SSP have taken steps to ensure the health and safety of all there meats in the production chain. This report will analyze the financial information users‚ sources of finance and SSP’s ratio
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is 28. What is the number? 5x+3=28 5x=25 x=5 The answer is 5 2. If 4 times the reciprocal of a number is 3 more than 5/2 times the reciprocal of that number‚ find the number. 4*(1/x)=(5/2)*(1/x)+3 4/x=(5/2x)+3 (8/2x)=(5/2x)+3 (8/2x)-(5/2x)=3 (3/2x)=3 x=1/2 The answer would be x=1/2 3. John had $30‚000 to invest. He invested part of this money in bonds paying 12% annual simple interest and the rest of the money in a savings account giving 4% annual interest. At the end of the year‚ he received
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contained in this documentation is proprietary and confidential to PeopleSoft‚ Inc. (“PeopleSoft”)‚ protected by copyright laws and subject to the nondisclosure provisions of the applicable PeopleSoft agreement. No part of this documentation may be reproduced‚ stored in a retrieval system‚ or transmitted in any form or by any means‚ including‚ but not limited to‚ electronic‚ graphic‚ mechanical‚ photocopying‚ recording‚ or otherwise without the prior written permission of PeopleSoft. This documentation
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Bradmark Wholesale General Supply ACL Case Study This paper contains the summary of the details and results of the audit tests on Bradmark’s Revenue and Expenditure Cycles. The audit tests were performed through the ACL Program. 2005 Rachelle Cultura | Trixia Ebol | Christine Fonseca Mary Rose Samas | Nadaine Tongco Ross & Specter Co. October 24‚ 2012 1 | P a g e REVENUE CYLCE Assessment of Internal Controls over the Revenue Cycle The assessment of Bradmark’s internal controls
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