CONTROL ACCOUNTS AND ITS USES INTRODUCTION: As the business grows in size‚ more than one ledger is required for recording its transactions which have also expanded with the business. Since the bulk of the entries are made in the accounts of debtors and creditors‚ these two classes of accounts are taken out of the General Ledger and put in separate ledgers - the Sales Ledger for debtors’ accounts and the Purchases Ledger for creditors’ accounts. There may be more than three ledgers but for simplicity
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REPORT ON ACCOUNT RECEIVABLE MANAGEMENT TATA STEEL Prepared by www.AssignmentPoint.com Date: 21-05-202 EXECUTIVE SUMMARY The project deals in “account receivable management at Tata Steel”. Receivable management is one of the most important aspects of the organization‚ as it deals with the management of the outstanding. The profit of the company mainly depends on the accounts receivables. Therefore it needs a careful analysis and proper management. Debtors occupy an important
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this goal‚ we will develop the fundamentals of each topic‚ understand the implications of those fundamentals through examples and integrate the topic into the framework of the accounting process and financial statements. An understanding of what can be inferred from the financial statements about the past performance‚ present position‚ and future prospects of the firm will be developed.
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HOPE QUARRY The Quarry Harehope Quarry has a rich history as a working limestone quarry but since it closed wildlife has returned and the rocks are now enjoyed by a new group of people. The Harehope Quarry Project has worked to restore areas of the quarry giving it a new function and providing facilities for visitors. History of the Quarry Limestone has been quarried at Harehope for more than 900 years. Quarrying on a small-scale has taken place here since the 12th century. However
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financial statements. This course describes in clear‚ concise‚ and understandable language the intricacies of financial statements‚ and their use by investors‚ creditors‚ analysts‚ and other interested parties. This course can enhance your chance for success in business and investing; by enabling you to profit form the knowledge‚ insights‚ and perceptions of professionals who use financial statement analysis tools and techniques on a day-to-day basis. Realistic examples and illustrations of financial
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College Success What does it mean to be successful? Many people look at the word success from different views. The dictionary defines success in two ways: the accomplishment of one’s goals and then the attainment of wealth or position. I believe you can be successful in two ways as well: you can be successful in your career and you can be successful by doing what makes you happy and living a fulfilling life to your standards. You don’t have to have a huge mansion on top of a private hill looking
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Who Owns Your Company’s Social Media Accounts? Some business assets are easy to spot: a company car or fax machine‚ for example. Others are intangible‚ like a bank account or line of credit. And then there is one item that is just emerging as a recognized business asset: social media accounts. Yes‚ a business can “own” its social media presence. Online accounts for Facebook‚ Twitter‚ LinkedIn‚ and so on are valuable resources and‚ increasingly‚ businesses are struggling with determining to whom
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Social Movements Social movements are created by groups of people who are connected through their shared interest of affecting social change. The United States of America was founded a social movement. Colonists used rallies‚ boycotting goods‚ violence‚ and protest to break away from England’s monarchy and create their democracy. It could be said that US democratic agency is a product of protest. As Donna Lieberman would agree‚ that democratic agency thrives when the people have the right to voice
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Definition: A current account deficit is when a country’s government‚ businesses and individuals import more goods‚ services and capital than they export. That’s because the current account measures trade‚ as well as international income‚ direct transfers of capital‚ and investment income made on assets‚ according to the Bureau of Economic Analysis. When those within the country rely on foreigners for the capital to invest and spend‚ that creates a current account deficit. Depending on why the
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Accounts Receivable Management Accounts receivable are amounts owed by customers on account. They result from the sale of goods and services. They are generally expected to be collected within thirty to sixty days and are the most significant type of claim held by a company. There are two costs associated with extending credit to customers: 1. The cost of the selling company not being able to deposit the monetary value of a completed sale in its bank that is‚ as a result of not collecting cash
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