bank account is not as simple as walking up to a bank teller and handing over crumpled wads of cash; there are lots of decisions to make and confusing banking jargon to wade through. We’ll teach you everything you need to know about making smart decisions when opening a new bank account.Examine Your Financial Situation. Let’s begin with a practical question: do you have any money? Coins don’t count (unless they’re valuable collector’s coins). You don’t have to be loaded to start a bank account‚ but
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What is a current account? Current Account is primarily meant for businessmen‚ firms‚ companies‚ and public enterprises etc. that have numerous daily banking transactions. Current Accounts are cheque operated accounts meant neither for the purpose of earning interest nor for the purpose of savings but only for convenience of business hence they are non-interest bearing accounts. In a Current Account‚ a customer can deposit any amount of money any number of times. He can also withdraw any amount
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$60‚000 cash on the purchase of equipment costing $80‚000. The remaining amount was recognized as a one year note payable with interest rate of 9%. Jan 4 Purchased office supplies costing $17‚600 on account. Jan 13 Provided services to its customers and received $28‚500 in cash. Jan 13 Paid the accounts payable on the office supplies purchased on January 4. Jan 14 Paid wages to its employees for first two weeks of January‚ aggregating $19‚100. Jan 18 Provided $54‚100 worth of services to its customers
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slight increase in accounts receivable reflecting the timing of seasonal sales at the end of 2011 as compared with 2010. Although its primary credit risk concentrates on two clients‚ McLane and Wal-Mart‚ its accounts receivable turnover is increasing. It means Hershey’s collection ability is good. Accounts Receivable—Trade In the normal course of business‚ we extend credit to customers that satisfy pre-defined credit criteria based upon the results of our recurring financial account reviews and our
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is account receivable? Credit sales‚ sales on account b. How do accounts receivable differ from notes receivable? Notes Receivable arises when the seller asks for a note to replace an Accounts Receivable when the customer requests additional time to pay a past-due account. A promissory note is a written promise to pay a specific amount of money‚ usually including interest‚ at a future date. c. What is a contra asset? An account which offsets another account. A contra-asset account has
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Section A: Battle.net Account Email Address Enter the email address of the Battle.net account. If this form is to request the transfer of a World of Warcraft or Diablo III game license to a different Battle.net account‚ enter the email address of the destination account and the name of the World of Warcraft license on the following lines. Battle.net Account Email: _______________________________________________________ Destination Battle.net Account Email: _____________________________________________
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“FULLER” CAPITAL ACCOUNT CONVERTIBILITY A boon or a bane! Abstract This is the era of competitive economies and India is one of the pioneers. In the recent years‚ India has been consistently moving towards becoming a developed nation with its IT and technical advancement‚ intellectual capital‚ off shoring and outsourcing to boast of. Capital account convertibility is one of the main features of developed economy. India’s inclination towards CAC‚ when the Tarapore committee first suggested
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UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS IGCSE LITERATURE IN ENGLISH: SYLLABUS 0486 NOTES FOR TEACHERS ON STORIES SET FOR STUDY FROM STORIES OF OURSELVES: THE UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS ANTHOLOGY OF SHORT STORIES IN ENGLISH FOR EXAMINATION IN JUNE AND NOVEMBER 2010‚ 2011 AND 2012 CONTENTS Introduction: How to use these notes 1. The Signalman Charles Dickens 2. The Yellow Wallpaper Charlotte Perkins Gilman 3. How It Happened Arthur Conan Doyle
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receivables follow: Step-1. Obtain Aged Schedule of Accounts Receivable The auditor should obtain an aged schedule of accounts receivable as of the confirmation date. He or she should apply the following procedures to this schedule: Determine that totals are correct. Compare all or a selected sample of account balances with the account balances in the accounts receivable subsidiary ledger. Investigate credit balances. Step-2. Select Accounts for Confirmation Auditors have used‚ and some continue
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of the Pinnacle-Financials Excel file. Use the income statement information to prepare a common-size income statement for all three years. Use the information to identify accounts for which you believe there is a concern about material misstatements. Use a format similar to the following: Estimate of $ Amount Account Balance of Potential Misstatement e. Use the three divisional income statements in the Pinnacle-Financials Excel file on the Web site to prepare a common-size income
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