FINANCIAL ACCOUNTING FOR MANAGEMENT o 6. I 7. J 8. SANJAY INDUSTRIES LTD. Balance Sheet and Income Statement The following is the trial balance bf Sanjay Industries Ltd. as on 31 st March 2006. 1. 2. of Rs. 10 each) Mal IntE Pre Further information 1. Outstanding rent amounted to Rs. 7‚200 while outstanding salaries Rs. 8‚100 at the end Ca: 2. 3. 4. 5. the year. Make a provision for doubtful debts amounting to Rs. 4‚590. Stock on 31st March 2006 was valued
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Accounting Tutorial Question Topic 2 Week 5 Question 1 Encik Abbul has a sundry shop business registered under the name of Prudential Enterprises. The following is the summarised version of the bad debts‚ doubtful debts and the A/Receivables accounts of his business start in 2011. (The accounting period of the business is similar to the normal calendar year) Year | Account Receivables | Bad debts already written off during the year | Allowance for doubtful debts (percentage of outstanding
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Huffman Trucking Paper Huffman trucking is a national transportation company that employs 1‚400 people to work in its logistical hubs in Los Angeles‚ California‚ St. Louis‚ Missouri‚ and Bayonne‚ New Jersey‚ with its central maintenance facility located in Cleveland‚ Ohio. Huffman Trucking currently employs running multiple Windows operating system platforms ranging from 3.X and 9.X to Windows 2000 Server and Pro and Windows XP Pro operating system. These multiple operating systems do not seem
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Financial Reporting Accurate financial reporting is paramount to the establishment of a level playing field for businesses. It also aids in analyzing trends in business and the economy. The first part of the research paper should outline the different offices and bureaus of financial reporting and why they are significant. The second part of the research paper will present some positive and negative examples of financial reporting results and offer analysis about them. These examples can incorporate
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earnings process 1) DURING PRODUCTION Many long term construction contracts 2) WHEN PRODUCTION IS COMPLETE (BEFORE SALE) Product with guaranteed price and buyer (eg. Some agricultural products where gov’t agrees to purchase excess at set price) 3) AT SALE/DELIVERY If revenue‚ cost‚ collection can be estimated Buyer assumes risks & rewards at this date Seller has no significant involvement/control of goods after this date How should you treat goods in transit? Risks & rewards are
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Ethics is a term that refers to a code of moral system that provides criteria for evaluating right and wrong. An ethical dilemma is a situation in which an individual or group is faced with a decision that test this code. One of the elements that many believe distinguishes a profession from other occupations is acceptance by it members of a responsibility for the interest of those it serves. . Accounting ethics is a field of professional ethics which pertains specifically to accounting. For the public
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COMMERCE NAME STUDENT NUMBER DEPARTMENT COURSE COURSE CODE LECTURER YEAR ASSINGMENT QUESTION KUDZANAI ALLEN PARAFFIN N00801001T FINANCE CORPORATE GOVERNANCE CFI 4107 DR. DUBE PART IV The split of the Chairman and the Chief Executive Officer (CEO) roles are considered to be clearer in many ways in Good Corporate Governance. Discuss this statement in view of the Zimbabwean context. There is much debate as to whether companies are better served by splitting the roles of CEO and Chairman. What are the
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Huffman Trucking Operating Systems ý Huffman trucking is a national transportation company with logistical hubs around ýthe nation strategically located in Bayonne‚ New Jersey‚ St. Louis‚ Missouri‚ and Los ýAngeles‚ California; with a centrally located maintenance facility and marketing ýheadquarters in Cleveland Ohio (Huffman Trucking‚ 2005). The company maintains ýdatabase records of important information‚ which include driver information‚ driving logs‚ ýdriver-moving violations‚ parts inventory
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Week 2 I)Frontier Park was started on April 1 by C.J Mendez and associates. The following selected events and transactions occurred during April. April 1 Stockholders invested $40‚000 cash in the business in exchange for common stock. 4 Purchased land costing $30‚000 for cash. 8 Incurred advertising expense of $1‚800 on account. 11 Paid salaries to employee $1‚500. 12 Hired park manager at a salary of $4‚000 per month‚ effective May 1. 13 Paid
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Tourism and Hospitality Executive (ATHE) ATHE level 5 Extended Diploma in Management Unit name: Finance for Managers Unit no: 4.9 Assignment title: An investigation report on accounting and financial control Submission date: 21st September 2012 Submitted by: Ahmed Shahir ATHE registration number: Table of contents Introduction 2 Purpose and requirements for keeping financial records 3 Techniques for recording financial information
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