Q i) Expalin in detail five basic accounts along with their types and examples Five basic Acounts 1. Assets 2. Liabilities 3. Capital/Owner Equity 4. Revenue/Income 5. Expenses Assets Assets are the resources owened by a business and are expected to give benefit for future operation Example: If you buy a land and it will give benefit in the future operation then it is your asset . if the land which you buy And in future you have to sell only then this is not your asset. If you built
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Module 3 Discussion Suppose you were an IT Policy adviser to the president of the United States. What major changes would you suggest the president propose with regards to IT legislation and policy? Why would you suggest those changes? Who would those changes help? Who would those changes hurt? Who would likely oppose your suggested changes? Answer: If I were an IT policy advisor to the President of the United States‚ I would suggest three changes with regards to IT legislation and policy
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financial statements. You will learn how to read‚ understand and use published financial statements for decision‐making. To accomplish 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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“Only Children Weep” To Kill a Mockingbird – Harper Lee Innocence can be described in a variety of ways‚ all depending on perspective. To some people‚ innocence may signify those who have not been tainted by immorality. To others‚ innocence may be defined as someone who has not been corrupted by the harsh truth of reality and their surroundings. In a more literal sense‚ innocence is being free of guilt in regards to legal matters and crime. In the novel To Kill a Mockingbird‚ Harper Lee demonstrates
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following items‚ and determine the correct amount to report on the income statement for each‚ using the accrual basis of accounting for the referenced period of time. Revenues A Company had beginning accounts receivable of $8‚000. The company reported cash basis revenues of $100‚000. The ending accounts receivable amounted to $18‚000. Supplies B Company purchased $25‚000 of supplies. Supplies on hand decreased by $5‚000 during the period. Rent C Company started the year with no prepaid rent
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previously been submitted for assessment in any other course or at any other time in the same course. I have read the University’s Academic and Scientific Misconduct Policy and understand its implications. * Student Signature: Office use only Assessor use only Date Received: Please place grade here Date Sent to Lecturer: Comments: Table of Contents 1. Operation Budget Sales Budget Production Budget Direct Materials Purchases Budget Direct labour Budget Manufacturing
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Money is not the only Motivating Factor Introduction The aim of this academic research assignment is to look into the area of why I believe Money is not the only motivating factor in our current working society these days. We live in a day & age where people are no longer just interested in being able to earn for a living‚ although it does enable us to fulfill the basic necessities of our daily lives‚ like paying for our bills‚ our transport expenses‚ etc. However‚ more than just that‚
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Reflective Account On an occasion at work I was aware of a staff member communicating very negatively‚ for example sighing and tutting and general negativity. Supervision was due so it was brought into meeting that last had concerned had noticed a change in the person’s general attitude‚ I asked if there was a specific reason and was told there was not. Although they agreed that they were being negative. We discussed the workload and it was decided it was not that. It was mentioned by the staff
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Michael Howland ESL 223n 11-9-12 Professor Simpson English-Only Debate America‚ we have a cultural diversity that is unlike any other in the entire world‚ people from every country in the world come to our borders wanting to start over with a better life‚ live the “American Dream”. And because of this our nation has turned into a giant melting pot of all different types of cultures‚ races‚ religions‚ and one of the most important‚ languages. Language is the main way we communicate‚ interact
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partnership agreement provided as follows: (a) Interest at the rate of 10% per annum is to be allowed on the partners’ Capital Account balances. (b) Interest on drawings was to be calculated at 4% per annum. (c) Top was allowed a salary of RM400 per month. (d) Interest on partner loan was 6% per annum. Trial Balance As At 31 December 2009 RM Capital : Top : Middle Current Account : Top : Middle Drawings – Middle (1 October 2009) Loan from Top Furniture and Fittings (cost RM50‚000) Premises Debtor and
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