Kelly pitney began her consulting business‚ Kelly Consulting‚ on April 1‚ 2010. The accounting cylcle for Kelly Consulting for April ‚ including financial statements was illistrated on page 157-168. During May‚ kelly consulting entered the following transactions: May 3. Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees‚ $2‚500. 5. Received cash from clients on account‚ $1‚750. 9. Paid cash for a newspaper advertisement‚ $300. 13. Paid
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P1 Describe the purpose of accounting for an organisation What is accounting Accounting is a recording‚ reporting‚ and analysis of financial transactions of the business. The person which is in charge or accounting is known as an accountant‚ this person is specifically in charge to follow rules and regulations‚ such as the generally accepted accounting principle. Accounting lets businesses to analyze the financial performance of the business‚ and look for statics such as net profit.
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1a) Ally enter into a contract to supply tiles to Kiki which approximately about RM500‚000. However‚ she failed to do so and Kiki wanted to take action against her. In which court shall Kiki apply to and state the reason Based on Section 65 of the Subordinate Courts Act 1948 [Act 92] provides the Sessions Court: jurisdiction to try all actions and suits of a civil nature for the specific performance or rescission of contracts or for cancellation or rectification of instruments‚ so kiki must apply
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WileyPLUS Chapter Two Copyright © 2009 John Wiley & Sons‚ Inc. All rights reserved. WileyPLUS Chapter Two SUMMARY OF STUDY OBJECTIVES 1Identify the sections of a classified balance sheet. In a classified balance sheet‚ companies classify assets as current assets; long-term investments; property‚ plant‚ and equipment; and intangibles. They classify liabilities as either current or long-term. A stockholders’ equity section shows common stock and retained earnings. 2Identify and compute ratios
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P1 Why is it important to keep accurate financial records? Financial records tell you how much income your business is generating and how it’s being spent on things like overheads and products etc. You can then create a profit and loss balance sheet‚ this is important so that your financial advisor can then tell you what is going good or what is going bad and from that he can direct you on what to do. If a business doesn’t keep it right with the bill then they cou8ld end up in trouble with the
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Name: Date: Course: Lesson: Unit: Chromatography Lab INTRODUCTION: In 2 to 3 complete sentences‚ explain the purpose of this lab – what are you going to learn in this lab? (2 points) HYPOTHESIS: Answer the following in complete sentences: (2 points) 1. List one extensive and one intensive property of marker ink. 2. Define mixture. MATERIALS: coffee filter Tape rubbing alcohol water 3 different color magic markers (not permanent) 3 identical tall‚ narrow
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1. How effective was Ko in defining and framing a vision for Motorola Penang? In what ways were her efforts similar to and different from the example of Charles Schwab citied earlier? * How did Ko resolve the dilemma of where visions come from? Where did she find her vision? Ko wants to her team both defining and framing a vision‚ because that will embrace visions best and see with their own eyes. Ko struggled with the most effective way of making her vision a reality. She engaged many of her top
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well as a number of basic Japanese structures and vocabulary expressed in Hiragana and Katakana syllabaries that are essential to basic Japanese communication. They are taught through five social/cultural topics following the textbook‚ Nakama Book 1a chapters: 1. Self-introduction 2. Discussion of location 3.
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Unit 5 – Business Accounting – P1 and P2 Businesses such as Toyota find accounting being a very critical aspect of their business life. Accounting involves recordings of the financial transactions for the business. The importance of accounting is that great that even if a business has one of the best products in the world it could still be faced to fail for simple things such as not enough investment‚ too high costs to produce the products or even simply over spending on new products. Record Transactions
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Student: ___________________________________________________________________________ 1. Which of the following is a distinguishing feature of a command system? A. private ownership of all capital. B. central planning. C. heavy reliance on markets. D. wide-spread dispersion of economic power. 2. Which of the following is a distinguishing feature of a market system? A. public ownership of all capital. B. central planning. C. wide-spread private ownership of capital. D. a circular flow of
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