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 who record the
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Use Linked In account for high business development Linked In recommended for business The connectivity of Linked In is very big. It has connected around 260 million members in about 200 countries globally. This website lends an apt platform for similar individuals to connect‚ share and discuss various ideas. It is true that social media sites aim for associating individuals. But at the same time‚ various account holders are making use of Linked In account for rapid business development. Linked
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you hand in. Write in dark blue or black pen in the spaces provided on the Question Paper. You may use a soft pencil for rough working. Do not use staples‚ paper clips‚ highlighters‚ glue or correction fluid. Answer all questions. At the end of the examination‚ fasten all your work securely together. The number of marks is given in brackets [ ] at the end of each question or part question. You may use a calculator. If you have been given a label‚ look at the details. If any details are incorrect or
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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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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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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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from Happy Machine Supplies amounted to RM 90‚000 4 Bought inventories amounted to RM 2‚000 on cash from Bedah Sdn Bhd 5 The owner contributed another additional RM 10‚500 cash at bank 6 Owner took goods worth RM 1‚000 for personal use 7 Bought goods by cash at bank from Hamidah for RM 1‚500 9 The business purchased goods from Senang Enterprise on credit amounting RM 14‚700 11 Withdrew cash RM 100 and goods for RM 600 12 Purchased goods on credit from Mr. Badrul
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UNIVERSITI UTARA MALAYSIA UUM COLLEGEOF BUSINESS SCHOOL OF ACCOUNTANCY COURSE CODE : BKAL1013 COURSE : BUSINESS ACCOUNTING PRE-REQUISITE : NONE 1.0 COURSE SYNOPSIS This course is designed specifically for students from non-accounting disciplines. It is divided into two sections‚ i.e. financial accounting and management accounting. Students will be exposed to accounting concepts‚ principles and assumptions. They would be able to assess
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INSTITUTIONALISING THE STRATEGIC ROLE OF CORPORATE COMMUNICATION/PUBLIC RELATIONS THROUGH ITS CONTRIBUTION TO ENTERPRISE STRATEGY AND ENTERPRISE GOVERNANCE Paper submitted to the 10th Annual EUPRERA Conference‚ to be held in Milan from 16-18 October 2008 by Benita Steyn Cape Peninsula University of Technology SOUTH AFRICA b.steyn@lantic.net and Lynne Niemann Cape Peninsula University of Technology SOUTH AFRICA lynne@boomtown.co.za Key words: Enterprise strategy‚ corporate governance
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an investigation on the usage of information system in that department. I choose “ASIAPRIMA RESOURCES” organization for my assignment. In the organization I choose Marketing department for my research because I need to know what kind of system they use for marketing sales record and how they solve the problems face in marketing by using the particular system. CHAPTER I OVERVIEW OF THE ORGANIZATION AND DEPARTMENTS ASIAPRIMA RESOURCES SDN BHD was incorporated in 1994 to trade in wood and
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