COURSE 2 - The Balance Sheet The balance sheet (also called statement of financial position) reports the financial position of the business at a point in time. It does so by listing the categories and amounts of assets‚ liabilities and equity on a specific date‚ in a format that proves the fundamental accounting equation. ASSETS = EQUITY + LIABILITIES or ASSETS – LIABILITIES = EQUITY Formats of presentation Regardless of
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world in a very similar way. Nigeria suffered a fall in oil prices ‚ reduction in exports and a downward trend in the stock market whilst South Africa suffered the same effects but rather than crude oil they suffered in the fall of commodity prices. Policies to stimulate the economy are different in terms of trade where Nigeria is more free trade and South Africa became more protectionist after the crisis. The Nigerian economy lacks diversity and is overly dependent on Oil ‚ while South Africa has a
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Home ALLOCATION OF REVENUE (FEDERATION ACCOUNT‚ ETC.) ACT ARRANGEMENT OF SECTIONS SECTION 1. Distribution of the Federation Accounts‚ etc. 1 Formula for distribution between the Federal and State Governments. 1 Formula for distribution between Local Government Councils. 1 Proportion of revenue to be paid by each State to Joint Local Government Account. 1 Allocations under special Funds. 1 Establishment of Federation Account Allocation Committee and functions. 1 Establishment of Joint
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Fossil fuels well that’s a thing that I have always taken for granted until I saw the documentary of Crude Impact. Well I did know that the population is increasing abundantly but what I didn ’t know is when the consumers increase in such a vast number so does the production. Now imagine this just one person has 30‚000 items that relates to fossil fuels and multiply by the seven billion on our world population. That’s a great quantity of items that relates to fossil fuels in our daily lives. People
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of Electronic Payment…………………………………………Page 5 Modes of Payment in Electronic Payment system in E- commerce……..……......Page 6 Online Credit Card Payment System…………………………………………Page 7 Process of using Credit Card……………………………………………………..Page 8 Steps involved in the online transaction…………………………………………..Page 9 Credit Card Transaction Security………………………………………………....Page 11 Terms related to online Credit card frauds………………………………………..Page 12 Security measures in online credit card payment systems……………………
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surpluses were saved and invested abroad‚ consolidated public expenditure accelerated rapidly: by 1976 it absorbed the entire oil windfall (Figure 2). By 1977 combined federation and states capital expenditure increased six fold over their 1970 level. Public capital expenditure accelerated so strongly that it alone accounted for the spending of more than half of the entire oil windfall. However‚ Nigeria’s continued failure to improve its ranking in measures of educational success or infrastructure
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Oil Crisis and its impact The international oil prices have a direct impact on the Indian economy as the country imports 80 percent of its crude requirements. A rise in global oil prices by $ 10 per barrel would reduce India’s economic growth by 0.2 percentage points and also affect the country’s current account deficit. India imports three quarters of its annual oil and gas requirements‚ with the Middle East and North Africa regions contributing to a substantial chunk of it. India’s import bills
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critically discuss the Balance of Power. In order to understand the meaning of Balance of Power‚ we should ask ourselves the question what we understand by ‘power’. Hard to define it or measure it‚ power is the ability to “do something or act in a particular way” or as Nye (2009:65) argues “the ability to achieve one’s purposes or goals.’ In other words‚ the potential to influence other people to do what you want them to do. As many scholars would agree‚ balance of power can hardly have
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8/9/2014 :: BillDesk Payment Gateway :: Dear Candidate‚ Thank you for your payment. Please refer details of this transaction: Transaction Acknowledgment Payment Status Su c c e ss IBPS Transaction ID cwepojul14LV1331070361v1 Payment Date 09-08-2014 22:54:55 Application Fee (Rs.Ps) Rs.600.00 Payment Gateway Transaction ID MSMP3445295475 P rin t Please quote your Transaction ID for any queries relating to this request. Kindly note: To print your E-Receipt or your Application after a
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On 24 March 1989‚ an oil tanker Exxon Valdez struck Prince Willian Sound’s Bligh Reef‚ which is a habitat for salmon‚ sea otters and various marine animals. Over 40000 barrels of crude oil were spilled over the next few days and eventually covered 1300 miles of coastline and more than 10000 square miles of ocean. It was considered to be one of the most disastrous human-caused environmental accidents. According to official information‚ this environmental disaster was caused by various human-mistakes
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