The Chart of Accounts The increases and decreases in accounting element as affected by a business transaction are recorded in a device called account name‚ account title or account. Each accounting element is composed of several accounts which describe the related economic transactions and events. To maintain uniform account name‚ the business must have a listing of all the accounts it uses to record economic transactions. This listing of all accounts is called “Chart of Accounts.” The Chart of
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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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Interest Coverage ratio 8.33 2.27 5.83 5.23 3.68 4.53 1.27 2.76 6.36 6.95 AUTOMOBILE SECTOR Interpretation of ratios Profitability Ratios Gross Margin Ratio From the above chart it is clearly seen that Gross Profit Margin of Ashok Leyland is decreasing because of various factors such as increase in raw material cost‚ labor cost‚ power and fuel cost. So company has to undertake research and development to reduce the costs. Similar is the case
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management to record‚ plan and control activities to aid decision-making process | Accounting process | Follows a full process of recording‚ classifying‚ and summarising for the purpose of analysis and interpretation of the financial information | Cost accounts are not preserved under Management Accounting but analyses necessary data from financial statements and cost ledgers. | Legal/rules | Drafted according to GAAP - General Accepted Accounting Procedure. | Drafted according to management suitability
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The bond between siblings is the most enduring bond that any of us experiences‚ this bond is not as demanding and critical as that of our parents‚ children or spouse and this is potentially longest relationship we will ever have in life. The bond that is shared with siblings helps to determine the quality of bond we will experience with our other relationships in life. Children who have brothers and sisters usually have more perspective of life than the only children. Sibling relationships can
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Diversity is the quality or state of having many different forms‚ types‚ ideas‚ etc. Diversity is a phenomenon that is occurring in mankind everyday life. Whether by race‚ religions‚ color‚ gender‚ education‚ disability sexual oriental‚ age‚ geographic origin‚ skill characteristics‚ and may be more. “All human beings are born free and equal in dignity and right. They are endowed with reason and conscience and should act towards one another in a spirit of brotherhoods.”- Article 1 of the
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A REPORT ON THE EFFECTS OF SIBLING SEXUAL ABUSE BY NWOKO ISRAEL. I STUDENT NUMBER-53918126 UNIQUE NUMBER-322943 POST GRADUATE CERTIFICATE IN EDUCATION‚ UNIVERSITY OF SOUTH AFRICA. AUGUST‚ 2013. PREFACE In this report the word ‘’ Sibling ’’ is used to refer to children who grow up in the same family‚ whether they are step-children‚ foster children‚ adopted children or children by birth. Naturally and healthy sexual exploration
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Most siblings have a lot of things in common‚ like face‚ hair style‚ and color skin. However‚ my sister and I are very different from each other. Although we were born as twins‚ we still differ in many ways. Once people get to know us they realize that we are very different in personalities and hobbies. I have often wondered how we ended up so different. As twins‚ we have many similarities in our appearances. My sister and I both normal size‚ and have the same height. Furthermore‚ we both have
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LECTURE 1 PARTNERSHIP ACCOUNTS 1.1 LECTURE OUTLINE 1.1 The provision of the Partnership Act 1.1.1 Formation/ membership limits 1.1.2 Rights of partners 1.1.3 Obligations of partners 1.1.4 Dissolutions of partnerships Business/ Firm 1.1.5 Privileges of partners 1.2 Realignments 1.2.1 Treatment of goodwill in partnership Admission of new partners 1.2.2 Admission of new partners Retirement of partners 1.2.3 Retirement of partners 1.3 Dissolution of partnerships 1.3.1 Piece-meal Dissolutions
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Sample Question Paper Code-254 ELEMENTS OF BOOK KEEPING & ACCOUNTANCY Class-IX Summative Assessment-II March 2011 Examination Design of Question paper Time Allowed : 3 Hrs 01. Weightage to form of Questions Type of questions 1. 2. 3. 4. MCQs Short Answer Questions Long Answer Questions(i) Long Answer Questions(ii) Total No. of Questions 16 8 4 4 32 Marks for each Question 1 3 4 6 Total Marks 16 24 16 24 80 Maximum Marks : 80 Duration of the examination will be 3 - 3 ½ hours. Evaluation will
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