CXC PRINCIPLE OF ACCOUNTS PROJECT School-Based Assessment (S.B.A) (Year 2012) [pic] Submitted by: Danique Arthurs Year: May/June 2012 Name of School: Charles Fordyce Business College Name of Teacher: Charles Fordyce Centre No: 100228 Candidate No: Territory: Jamaica Table of Contents Introduction………………………………………………………………..5 Acknowledgement………………………………………………………...6 Description of Business…………………………………………………...7 Location of
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Types of Receivables Accounts Receivable: amounts due from customers for sales on credit. Businesses sell to customers on credit in an attempt to increase their sales. Also called Trade Debtors. Bills Receivable: similar to accounts receivable but bills receivable are a legal instrument. Interest is charged on the bill receivable and it usually gives more time to pay than accounts receivable. interest receivable‚ rent receivable Accounts Receivable Recognition of accounts receivable Recorded
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Ways to Prevent Overdue Accounts Want to improve the way you run your business? For any company‚ having overdue accounts wreak havoc on cash flow and liquid assets. In a small business‚ tracking down the guilty parties is both a financial and physical drain. It’s easy to say "don’t do business with deadbeats"‚ but the realities of things are much more complex. Most firms bring in collection agencies for debt. Be sure to find out: • How information about delinquent accounts will be transferred to
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a job‚ they become unemployed citizens. Scope and Limitation Definition of terms Issues‚ Challenges‚ and Trends that the Hospitality Industry is Facing Print Email Wang Jin-zhao‚ Wang Jing Issues‚ Challenges‚ and Trends that the Hospitality Industry is Facing Abstract: This article presents findings of issues‚ challenges and trends that hospitality industry might fact in the year ahead respectively. Top issues that will influence the global hospitality industry in the year ahead include
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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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Reflective Account When I started my work placement at my setting I was working with my members of staff and manager who told me how to monitor children when they eat and which child cannot eat certain food because of their religion or culture. Before I started to give out the food for the children I had to read the food policies and procedures to know how to serve the food and drink for the children. At my placement I learnt how to monitor the children when they ate and how much they ate‚ and
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To what extent is the commercialisation of sport a positive trend? Negative I feel that commercialisation of sports is bad as it denies the sport players of their privacy. As the players would be constantly under the limelight‚ details of their lives‚ both the good and the bad‚ are released to the public. For example‚ in the recent Tiger Wood’s scandal involving his many mistresses‚ his private life was broad casted to the public‚ attracting many criticisms. Therefore‚ the commercialization of
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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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must consider environmental influences before arriving at business decisions; discuss what these environmental forces are and how they would impact on the decisions made by strategic management on the future viability of the business. As well as this‚ do a brief analysis of the 5 forces driving competition in the hospitality industry using Porters model as the basis of your analysis. If there is a question: ”What must be considered for managers in the first stage of business decision making?”‚ one
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Reflective Account – Poster Presentation. This reflective account is regarding my involvement within a group to produce an academic poster presentation. My feeling when we were initially told we had to do a presentation was; please no! and my heart immediately sank! This was one main worry I had when I was accepted into university but I knew I had to overcome this fear. A few sessions ago‚ we all decide which groups were going to work together. I was pleased with who I was working with as we
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