Exercise 18.9 Doubtful Debts – Ageing Method Over 2 Years GAMES GALORE LTD Required: A. Prepare and balance the Allowance for Doubtful Debts account and the Bad Debts Expense account for years ending 30 June 2013 and 30 June 2014. B. Prepare the necessary general journal entries to bring the allowance for doubtful debts to the appropriate amount at 30 June 2013 and 30 June 2014. A. Allowance for Doubtful Debts 2013 30/6 2012 Accounts Receivable $33 120 1/7 Balance $16 200 2013 Balance 25
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Nirma -A Super brand by superbrandsindia.com The success of Nirma’s umbrella branding strategy has led to a change in the competition’s marketing strategies‚ as well. Many of Nirma’s competitors are now consolidating their brand portfolio and consequently gaining more bang for their advertising rupee. In a changing market environment‚ the company has relaunched Nirma Yellow Washing Powder and Nirma Beauty Soap‚ two of its strongest brands. Nirma Yellow Powder is being re-launched with improved
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Chapter 7 Accounting Information Systems Questions 1. What is the right side of an account called? 2. What is the left side of an account called? 3. An organizational scheme used to classify accounts as assets‚ liabilities‚ or owners’ equity is known as what? 4. What journal is used to record both the account(s) to be debited and the account(s) to be credited? 5. A collection of specific asset‚ liability and owners’ equity accounts in known as what? 6. What type of
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Assignment front sheet Qualification Unit number and title Pearson BTEC Level 5 HND Diploma Business Unit 10: Financial Accounting and Financial Reporting Student name Assessor name Date issued Completion date Submitted on 28/03/15 09/05/15 Assignment title Presentation of financial information and Interpretation of Financial Statements (2 of 2) Learning Outcome Learning outcome Assessment Criteria In this assessment you will have the opportunity to present evidence that shows you are
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Tuan Tran English composition 1- 101 – 08 Room 409 F – 9Am to 12Pm “Why Men Don’t’ Last: Self Destruction as a Way of Life” (p. 353) In the article "Why Men Don’t Last‚" Natalie Angier discusses the topic of why men don’t live as long as women; even though they almost always appear to be healthier. The first reason Angier gives as to why men die sooner than a woman is: they are stubborn about going to the doctors for regular check-ups. Men say they don’t need doctors and refuse; this leads
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ACCY111 / SAMPLE TEST PAPER Q & A MULTIPLE CHOICE QUESTIONS (Answers are on page no 16 onwards) Q. What is the primary objective of most businesses? a. To maximize profits b. To pay dividends to stockholders c. To provide a benefit to society d. To manufacture a quality product ANS: Q. When a business borrows money‚ it incurs a(n) a. tax. b. liability. c. receivable. d. addtional equity. ANS: Q. When a product is sold‚ this cost is often called a. cost of goods sold. b. revenue. c. products. d.
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fall-out of Accounting Period concept. This concept requires that expenses incurred for a particular accounting period should be reckoned in the same period‚ irrespective of the fact whether these expenses have been paid in cash or not in that year. The same holds true for revenues‚ i.e.‚ revenues earned in a specific accounting period are construed as incomes of the same period‚ irrespective of their receipts. This concept is also known as the accrual theory of accounting or accrual accounting. This
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Introduction Education is the key to success it is the time by which a man studies and train for his readiness to pursue his dreams. It is the time to develop principles of life and making career decisions and finish his goal. It incorporates writing‚ reading‚ solving‚ memorizing‚ and so on as he/she is advancing to the next level to enhance his thinking skills. Studying feeds the mind and it also teach a man to have his
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Offering 1. Why has Netscape been so successful to date? What appears to be its strategy? What must be accomplished if it is to be a highly successful going concern in the long run? How risky is its current competitive position? 2. Does Netscape need to go public to satisfy its capital needs? What would you estimate might be the magnitude of its capital needs over the next 3 to 5 years? What sources other than the public equity market could be tapped to satisfy those needs? 3. Why in general do
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Why are sports as they are today? By William Bartholomew In my enquiry I would like to achieve making a fact file on what sports have become to this day and why they have become like this‚ also I would like to come to a conclusion on whether they have changed for the worst or best and why they have changed. I believe that sportsmanship has changed for the worst in the last 30 years as people are not friendly with the over team
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