Introduction to Control Accounts • Trade receivables are reported as a current asset and trade payables are reported as current liability in the balance sheet at the end of an accounting period. • It is important‚ therefore‚ that a business taken steps to ensure the accuracy of these figures. • One such step is the preparation of Control account to confirm that the total of the sales ledger balances and the total of the purchases ledger balances are accurate What is Control Account? • A control
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A01 Profit and loss account: A profit and loss account calculates the amount of gross and net profit that a business takes on an annual basis; it also outlines the loss which has occurred through the business‚ through necessary overheads. There are many aspects included within a profit and loss account‚ all of which I am going to briefly explain. It is important to have a profit and loss account within a business to enforce correct usage of the money. The company will be able to see where the business
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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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Justify the title ’The Ghat of the only world ’? Ghat symbolises the ultimate journey. On reaching mellow fruitfulness‚ Ali dreamt he was at the Ghat of the only world – the world of the gone. He was to bid adieu to the world of living. Having gone past pangs of life he was cradling “in supreme consolation”‚ that is‚ “I love to think that I’ll meet my mother in the afterlife‚ if there is an
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Natalie Hillage Creative Writing Mrs. Ruiu 11 Sept 2014 There Is Only One Story September 11‚ 2001. I was a three year old preschool student. The kid who sat next to me stuck crayons in his nose and the girl in my play group always made me be the dog when we played house. That day was part of many that began my life. The same exact day that ended the lives of thousands of people and ruined those of others. The same exact day that a widow now calls into work and lays in bed for hours; because
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computers‚ increase the asset cash‚ decrease the liability accounts payable. b. increase the asset computers‚ increase the asset cash‚ decrease the liability accounts payable. c. increase the asset computers‚ decrease the asset cash‚ increase the liability accounts payable. d. increase the asset computers‚ decrease the asset cash‚ decrease the liability accounts payable. Question 2 Complete Mark 1.00 out of 1.00 Flag question Question text If only one side of a $100 transaction is recorded‚ the imbalance
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The speech therapist work with children who have problems with understanding‚ communicating and expressing themselves.The therapist will take into account any reasons for children difficulties and will help the children to overcome them. The educational psychologist assess any developmental or learning needs of the child ‚ and work closely with the parents and teacher in order to help the child to cope
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credit sales of $5.60 million for year 2010. Chiller estimates that 1.32% of the credit sales will not be collected. Historically‚ 4% of outstanding accounts receivable is uncollectible. On December 31‚ 2010‚ the company’s Allowance for Doubtful Accounts has an unadjusted credit balance of $3561. Chiller prepares a schedule of its December 31‚ 2010‚ accounts receivable by age. Based on past experience‚ it estimates the percent of receivables in each age category that will become uncollectible. This information
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I’m reaching out to you in regards to your past due account. I whole heartedly feel I have worked very hard for you and your company from the very beginning of our business relationship. We have never missed an event and if ever there was a mistake on our part we fixed it right away. When you had an urgent need Hasty Awards did everything in our power to help. Currently the account is past due $8250 and‚ the last update I received from Paula‚ was there has been no communication from you or anyone
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Jacks respiratory rate was quite high of 21 breaths per minute‚ which is just outside the normal range for an adult (Dougherty and Lister 2008). The Nurse should take into account Jack may have been aware of the respiratory assessment so subconsciously may have been affected by nerves (Moore 2007). It is the nurse’s role and responsibility to promote health and well being and it was apparent that the reason
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