everything out by hands or type out on typewriters. This increase in usage of computer proves that computers have affected every aspect of our lives and have become one of the necessities. Many developers have contributed to such an advancement and widespread of computer technology. Certainly‚ many companies and businesses are using sales monitoring and inventory system for their success and growth. It is an effective way for monitoring sales and tracking different products and materials that
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FINANCIAL ACCOUNTING MID SEMESTER EXAM REVISION COMPILATION D2 ACC 100 D2 ACC 100 ACKNOWLEDGEMENT: * Extracted from Past Year Mid Term Exam Paper: D2ACC100 – SEM 1‚ 2006 – SEM 3‚ 2007 * Original idea belongs to Mr Gooi Chee San * Some of the questions have been modified to cater the needs of current student Sem 3‚ 2007 Question 3 Cabao is a financial consultancy firm. It updates its accounts everyday. Indicate the immediate effect of the following errors on each
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for keeping tracks of accounts‚ money‚ or items that they need. It plays a significant role in sales control‚ processing and handling orders‚ design and production of goods‚ manufacturing‚ product and market analysis‚ and in some cases complete control of operations. The supplies in every business are very important for it to maximize the profit of a businessman. To earn a maximize revenue‚ a proper management is needed. Some business tends to fail because of poor inventory management. A greater
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Related Literature-Inventory System Inventory control systems maintain information about activities within firms that ensure the delivery of products to customers. The subsystems that perform these functions include sales‚ manufacturing‚ warehousing‚ ordering‚ and receiving. In different firms the activities associated with each of these areas may not be strictly contained within separate subsystems‚ but these functions must be performed in sequence in order to have a well-run inventory control system
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an aim for an efficient & well-managed inventory management system necessities as today’s society the production of a store billing & management system that functions as an easy to check stocks & make a reservation of a costumers in what transaction needed of the costumer. They need to have an efficiently inventory management system makes it necessary considering that the same time is business in the making. This inventory management system helps you increase revenue because it saves processing time
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two of Malcolm Gladwell’s book Outliers the 10‚000-Hour Rule was introduced. It was found by “psychologist K. Anders Ericsson‚ stating that … in order to become an expert or professional at just about anything it takes roughly 10‚000 hours‚ or 10 years
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In order for good decision making to occur‚ the proper steps must be taken to ensure accurate information used. Sales and Inventory System (SIS) is a computer-based system that is designed to aid decision makers in making decision that may include multiple attributes‚ objectives and goals. Good decision making tools are necessary to make good strategic decisions. Sales and Inventory Systems are used to collect data‚ analyze and shape the data that is collected‚ and make sound decisions or construct
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minimize time and efforts consumed by using manual system. One way to save time and effort is to start using Sales and Inventory System. A sale refers to the exchange of product or services for an amount of money or its equivalent while making Inventory in a business is a total amount of goods and the act of counting them. Inventory is merchandise in-stock and on hand‚ also known as stock. Inventory is basically the total amount of goods and materials held in stock by a factory‚ store and other business
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Chapter 2 is called "The 10‚000-Hour Rule"‚ which refers to the claim that to become expert at anything a person must spend 10‚000 hours at it. Gladwell begins by describing the success of a computer programmer named Bill Joy. Joy comes to the University of Michigan as a teenager in 1971 and finds his way to the new computing center that opens there the same year. He becomes a well-known programer famous for his quick ability and skill. After graduate school he co-founds Sun Microsystems and helps
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Opposites are found everywhere in the world. Almost everything in the world is an opposite and this can be seen in people as well. In the novel 20‚000 leagues under the sea‚ by Julius Verne‚ Pierre Aronnax is a scientist and studies organisms. Then the news starts reporting about a monster and Arronnax wants to find out what it is. So‚ he boards a government ship called the Abraham Lincoln with Conciel‚ his assistant. While on the Abraham Lincoln‚ professional harpooner‚ Ned Land is also on the ship
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