depreciation of items used in administration‚ rent‚ utilities and property tax on the office building. ▪ Perpetual vs. Periodic- info about methods and differences o Perpetual: An inventory system in which the business keeps a continuous record of inventory on hand and the cost of good sold. o Continuous updating of inventory as you go thru the paid physical count still must be count once a year. o Periodic: do not update inventory act as you go‚ you calculate cost and
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Land Speed Record The land speed record (or absolute land speed record) is the highest speed achieved by a wheeled vehicle on land. There is no single body for validation and regulation; in practice the Category C ("Special Vehicles") flying start regulations are used‚ officiated by regional or national organizations under the auspices of the Fédération Internationale de l ’Automobile. The record is standardized as the speed over a course of fixed length‚ averaged over two runs (commonly called
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governmental accounting and financial reporting‚ and its attainment represents a significant accomplishment by a government and its management. (Page 13) b) What are the key issues addressed in the letter of transmittal? Major initiatives in the city of Charlotte are General Government‚ Water and Sewer‚ Aviation‚ Charlotte area transit system‚ and Storm water. (Pages 1-12) 3) Review the Financial Section c) Did the entity receive an “unqualified” audit opinion? If not‚ why not? The
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Automated Medical Record Keeping System “SMCL Online Clinic Record Keeping” Problem Description: Based on observations‚ Saint Michael’s College of Laguna used manual system in recording medical information about its students. This is the reason why scheduled medical activity and transaction became a tedious process for everyone. Most especially for freshmen students who haven’t fill up their medical form. On the other hand‚ clinic staff and nurses manually search for the medical record of old students
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THE ACCOUNTING CYCLE LARRY M. WALTHER & CHRISTOPHER J. SKOUSEN DOWNLOAD FREE TEXT BOOKS AT BOOKBOON.COM The Accounting Cycle © 2009 Larry M. Walther‚ under nonexclusive license to Christopher J. Skousen & Ventus Publishing ApS. All material in this publication is copyrighted‚ and the exclusive property of Larry M. Walther or his licensors (all rights reserved). ISBN 978-87-7681-486-1 Download free books at BookBooN.com 2 Contents The Accounting Cycle Contents Part 1:
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Accounting and Finance Management Assignment 2 Semester: 3 Prepared by: Osoba Seun Student Number: Sc-Kl-00021763 Email Address: josher4real@yahoo.com Date submitted: 17/01/2014 Question 1 Sales Budget September ($) October ($) Budgeted sales (units) 9‚500 Selling price per unit $12 Total sales 90‚000 114‚000 Schedule of expected cash collections: October ($) Account
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the business might forget to make some payments‚ ask for money owed or even accidentally pay for something twice. It is therefore imperative to keep records of source documents of transactions. Such records are made in “books of original entry”. The books of original entry also called a daybook are a descriptive and chronological (diary-like) record of day-to-day financial transactions. The main books of original entry are: o Sales Day Book (book of original entry for credit sales) o Purchase
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PROJECT REPORT RECORDS MANAGEMENT SYSTEM FOR MBARARA HOSPITAL (A Case Study of the Maternal and Child Health Section [MCH]) By ACHENG DORIS ODIT 2008/BIT/033/PS INSTITUTE OF COMPUTER SCIENCE Email: doradit4t@yahoo.co.uk A Project Report Submitted to the Institute of Computer Science for the Study Leading to a Project in Partial Fulfillment of the Requirements for the Award of the Degree of Bachelor of Information Techology at Mbarara University of Science and Technology. Mr. Richard
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Chapter 2 Cost Terms‚ Concepts‚ and Classifications Exercise 2-2 (15 minutes) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10 . 11 . 12 . 13 . 14 . 15 . Depreciation on salespersons’ cars ................ Rent on equipment used in the factory .......... Lubricants used for machine maintenance ..... Salaries of personnel who work in the finished goods warehouse.............................. Soap and paper towels used by factory workers at the end of a shift ...................... Factory supervisors’ salaries
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Article Analysis From Enron to Tyco‚ accounting scandals have always been a worrisome issue in accounting. Regardless of how many internal controls there are‚ there will always be a chance for unethical practices in accounting. Where and when do these problems arise? This paper will analyze an article listing situations that lead to those unethical practices and behavior that lawmakers try to prevent. In his article “What Are the Causes of Ethical Lapses in Accounting‚” Jagg Xaxx writes that business
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