The October 31 balance in Accounts Receivable was $100‚500. Determine the amount of sales on account that occurred in October. c. Nasser Co. had $147‚000 of accounts payable on September 30 and $136‚500 on October 31. Total purchases on account during October were $270‚000. Determine how much cash was paid on accounts payable during October. 2-4 Prepare general journal entries for the following transactions of a new business called Pose for Pics. Aug. 1 Hashim Paris‚ the owner‚ invested
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| |Ref. | |Debit | |Credit | |Apr. 4 | |Merchandise Inventory | |120 | | 840 | | | | | |Accounts Payable | |201 | | | | 840 | | | | | | | | | |
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ASSIGNMENT Course Code : MS-41 Course Title : Working Capital Management Assignment No. : MS-41/TMA /SEM-I/2013 Coverage : All Blocks Note : Attempt all the questions and submit this assignment on or before 30th April‚ 2013 to the coordinator of your study center. 1. Explain the Walker’s and Trade off approaches to working capital investment. 2. Discuss the motives for holding cash. Explain the Baumol Model and Miller and Orr Model. 3. What are advances? Explain the
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Essentials of Investments‚ by Bodie‚ Kane and Marcus 8th Edition‚ Teaching Notes Chapter 01 - Investments: Background and Issues CHAPTER ONE INVESTMENTS: BACKGROUND AND ISSUES CHAPTER OVERVIEW The purpose of this book is to a) help students in their own investing and b) pursue a career in the investments industry. To help accomplish these goals Part 1 of the text (Chapters 1through 4) introduces students to the different investment types‚ the markets in which the securities trade
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* Project finance * INR and Foreign Currency Loans * External Commercial Borrowings (ECBs) and Export Credit Agency (ECA) backed Loans * FCNR (B) Loans * Asset Backed Loans * Infrastructure advisory * Placement of CPs‚ NCDs and bonds | | Equity Placement | | * Private Equity Placement with P/E‚ V/C‚ Buy Out Funds * Placement to institutional investors under SEBI QIP Guidelines * Mezzanine Finance | | M&A and Corporate Advisory Services | | * Domestic
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1 Chapter 7: Audit Evidence I. Definition: Evidence – information used by the auditor to draw conclusions on the fair presentation of the financial statements. Audit objectives suggest the types of evidence to accumulate. II. Decisions on evidence accumulation A. Which audit procedures to use. General Objectives: Six TRAOs Eight BRAOs Four PDAOs Accounting Cycles: Five Management Assertions Specific Objectives: At least: Six TRAOs Eight BRAOs Four PDAOs Audit Procedures: At least one
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Involves in supervising the work of the accounts clerks who run the transaction accounting system on the general ledger‚ She has number of staff reporting to her including the costing technician‚ payroll clerk‚ accounts payable‚ accounts receivable clerk ‚credit controller‚ general ledger clerk and accounting system technician. She personally management accounts‚ bottom up annual production and co-odination‚ authorizes payment of invoices‚ make NIC and PAYE‚ managing day
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Workshop 3 Interest Rates and Bond Valuation Terminology • Face value/par value - the original issue price (the amount borrowed). • Maturity date - date on which loan has to be repaid. • Coupon interest rate - original interest rate on the bond. • Coupon payment - the fixed interest payment on the bond. • YTM=required rate of return. Bonds pay fixed coupon payments at fixed intervals and the face value at maturity. there is an inverse relationship between the price of an investment
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cash accruing a balance of $4‚000 3. The organization paid $750 for materials 4. The organization receives $4‚100 of cash in return for services provided‚ together with charging $5‚400 from 5. The organization paid $1‚500 with cash on accounts payable. 6. The organization paid a $2‚000 dividend. 7. The organization paid $800 for this month rent. 8. The organization receives $450 from a consumer. 9. The organization pays the earnings of workers in wages of $3‚000. 10. The organization pays
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three categories of the accounting equation are assets‚ liabilities‚ and equity. Assets include Cash‚ Accounts Receivable‚ Notes Receivable‚ Prepaid Expenses‚ Land‚ Building‚ Equipment‚ Furniture‚ and Fixtures. Liabilities include Accounts Payable‚ Notes Payable‚ Accrued Liability‚ and Unearned Revenue. Equity includes Owner’s Capital‚ Owner’s Withdrawals‚ Revenue‚ and Expenses. 2. Companies need a way to organize their accounts so they use a chart of accounts. Accounts starting with 1 are usually
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