it will be recorded in the purchase journal‚ once it has been certified as a valid invoice. After the journal entries‚ the next step is to post the journal entries into account. Ledger Account also known as “T” Account and Account. Ledger accounts categorize these changes or debits and credits into specific accounts‚ so management can have useful information for budgeting and
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111-003 Dr. Bell October 30‚ 2014 ZanjIn the passage‚ “The Coast of the Zanj‚” the author‚ al Mas’ udi‚ an Arab traveler gives us a brief over view of how the people on the east Africa coast lived. It began when Arab traders sought the land. The traders married the daughters of chiefs and would gain ownership of the lands of Zanj. Similar to other areas of the world‚ the people of Zanj have their own unique way of living. “The coast of the Zanj‚” gives us insight on the people’s trade‚ language
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Goods/Stock purchased or sold being returned is quite a common practice in business. This may be on account of a number of reasons like defects in goods‚ quality not matching the requirement for which the buyer purchased it‚ the buyer not needing the stock‚ etc. This happens both in case of goods purchased as well as goods sold by the organisation. Where the goods sold are being returned we call it "Sales Returns" and where goods purchased are being returned we call it "Purchase Returns"
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Cadbury A.‚ (2000)‚ “The Corporate Governance Agenda”‚ Corporate Governance‚ n. 8‚ 1‚ 7-15. Code of Banking Practice‚ (2004)‚ Availabe [O] at http://www.banking.org.za/consumer_info/code_of_banking/code_of_banking.aspx (Accessed 30 July 2006). Davis K.‚ & Blomstrom R.L.‚ (1996)‚ In Carroll A.B.‚ Business and Society: Ethics and Stakeholder Management‚ Third edition‚ Cincinnati‚ Ohio‚ South-Western College. Digman L.A.‚ (1990)‚ Strategic Management‚ Second edition‚ Homewood‚ Illinois‚ BPI/Irwin
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company issue a share having face value of Rs 10 at Rs 8 Give two examples of ‘Capital receipts’. Give two circumstances in which sacrificing ratio may be applied (1) (1) (1). (1) (1) Show how you would deal with the following items in the final accounts of a club: (3) Debit credit Prize fund Prize fund Investments 1‚20‚000 Income from Prize fund Investments Prizes awarded 9000 Q7. 1‚20‚000 12000 A‚B and C are partners sharing profits and losses in the ratio of 1 : 2: 3. They have omitted interest
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profit and unappropriated profit. what is the accumulated profit and why do accountants and bookkeepers use different names for the same thing? (6 marks) Accumulated profits is profits that are not paid as dividend but is transfered over to the accounts for the next year. Also can be used to reinvest in the core of the business to help pay off debts or to purchase a capital asset. The reasons why accountants and bookkeepers use different names for the same thing is because bookkeepers are the people
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technological-based education required to land them jobs in the modern market. Despite this‚ educators never stop trying to find innovative ways to reach new generations of kids. One such person‚ author and educator Cindy Costa‚ wrote “Robotics K-12 and Your District‚” featured in the magazine Leadership‚ and she argues for incorporating robotics into STEM as to introduce students to technology to allow them to gain better chances to secure a financially stable career for the near future. The idea
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Transactions Show Journal entries to record the following transactions. Post them into appropriate Ledger Accounts and then extract a Trial Balance on 31st December‚ 2012: 2012 Jan 1st: Commenced business with cash Rs 1‚00‚000. Jan 10th: Bought office equipment worth Rs 40‚000. Jan 25th: Purchased goods worth Rs 25‚000; less 10% trade dis. on credit from Rahul. Feb 4th: Purchased office stationary worth Rs 500. Feb 9th: Paid premium for fire insurance Rs 5‚000 Feb 20th: Sold goods on
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1.21 Federalism federalism divides power between the national and state governments: 1. federal law refers to the law of the national governmentapplies across the nation 2. state law applies to citizens within its territoryit is extensive and diverse( eg: business and marriage law)即使你住在NV，到其他州，那也必须遵守其他州州法 3. local law applies to a limited geographic or functional area state s grant local jurisdictions legal powers classfications of law Every type of law will be either: civil (familiy law) or criminal(can be punlished
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East is East is a film about a Half-Pakistani family lives in England. The father‚ George/Jahangir Khan is from Pakistan and wants his children to feel connected to his home country. Ella Khan however is the mother of the family and is from England. Because of this there is a struggle for the seven children to find their identity. Mr. Khan expects his children to follow his strict Pakistani Muslim ways‚ but the children does not really feel like they belong to Pakistan. After having lived their whole
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