Advance Financial Accounting (FIN-611) VU LESSON # 1 ACCOUNTING FOR INCOMPLETE RECORDS 1. Introduction This topic is also known as Single Entry System of Accounting. In this chapter we will learn how an accountant prepares financial statements of those organizations which are not keeping up proper double entry book keeping system of accounting. From accounting system stand point‚ business organizations can be classified into three broad categories: 1.1 Small scale business entities These consist
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Assignment Module Financial Statement Analysis 1. Introduction to the company and its role within the wider international market; including competitors and current market conditions that may impact on its financial performance. Tesco plc is a British multinational grocery and these days the third- largest retailer worldwide in terms of revenues‚ operating in 14 countries across Europe‚ Asia and Nord America.The retailer was founded in 1919 and operated exclusively within the UK until the early
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Solution to CBSE Question Paper 2013 Set 1 (Outside Delhi) Ans 1. In case of fixed capital‚ interest charged on drawings will be recorded on the debit side of Current Account of the Partners. Ans 2. Accumulated Profits are shared in the old ratio‚ in case of change in profit sharing ratio amongst existing partners. Ans 3. Interest is payable @ 6% p.a is charged on the amount remaining unpaid to the executor of deceased partner. Ans 4. Date Journal entry Particulars Workmen Compensation
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both in standard UK format. He has left you with no further instructions: Accumulated profit at beginning of the year Accumulated depreciation at beginning of the year Administrative expenses Cash Corporation tax Cost of sales Current liabilities Debtors Dividends paid Fixed assets Interest expenses Long term liabilities Owner’s equity Sales turnover Selling and distribution costs Stocks Depreciation 42‚600 80‚000 42‚000 8‚400 18‚840 144‚000 97‚600 67‚000 11‚560 240‚000 5‚700 73‚500 50‚000 315‚500
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SUMMER TRAINING REPORT ON TITLE OF PROJECT REPORT Undertaken at “BHARAT HEAVY ELECTRICALS LIMITED” Submitted in partial fulfillment of the requirements for the award of the degree of MASTER OF BUSINESS ADMINISTRATION to Guru Gobind Singh Indraprastha University‚ Delhi Under the Guidance of Submitted by ASIM SAHORE AMIT GUPTA Prof. MBA-III Sem Enrollment No.-09817003910 Session 2011 – 12 To Whom It May Concern I _______________________
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= Cost of sales / stock 2008 = 136‚322/ 56‚039 = 2.43 2009 = 122‚387 / 50‚140 =2.44 Fixed asset turnover ratio: = Revenues / fixed assets 2008 = 294‚414 / 78‚452 = 3.75 2009 = 267‚551 / 70‚835 = 3.78 Debtors turnover ratio: = (Debtors * 365) / Sales 2008 = (4‚764 * 365)/ 294‚414 = 5.91 2009 = (2‚932 *365) / 267‚551 = 3.99 Debt to equity ratio: = Total borrowings / Equity 2008 = 66‚486 / 83‚432 = 0.80 2009 = 65‚208 / 68‚971 = 0.94
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Unit 2- P7 Ratio analysis is a tool brought by individuals used to evaluate analysis of information in the financial statements of a business. The ratio analysis forms an essential part of the financial analysis which is a vital part in the business planning. There are 3 different ways of assessing businesses performance and these are: solvency‚ profitability and performance. Ratio analysis assists managers to work out the production of the company by figuring the profitability ratios. Also‚ the
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1) John G. Roberts‚ Jr. Chief Justice of the United States. Justice Roberts was born on January 27‚ 1955 in Buffalo‚ NY. Roberts was confirmed on May 8‚ 2003‚ and received his commission on June 2‚ 2003 By President George Bush. **Hedgepeth v. Washington Metropolitan Area Transit Authority‚ 386 F.3d 1148 Involved a 12-year-old girl who was arrested‚ searched‚ handcuffed‚ driven to police headquarters‚ booked‚ and fingerprinted after she violated a publicly advertised zero tolerance "no eating"
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that probable losses be provided. However‚ probable gains are not recognised until they are realised. This is to prevent an overstatement of assets and profits. Therefore‚ doubtful debts which may arise from year end debtors must be provided for to prevent overstatement of year end debtors and the profit for the year. Application of Accounting Concepts Prudence Concept Provision for Depreciation ( Accumulated Depreciation ) Fixed assets are shown at net book value ( cost less accumulated depreciation
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Virginia’s way to the American Revolution Woody Holton. Forced Founders: Indians‚ Debtors‚ Slaves and the Making of the American Revolution in Virginia. Chapel Hill: University of North Carolina Press‚ 1999. In his book Forced Founders Indians‚ Debtors‚ Slaves and the Making of the American Revolution in Virginia Woody Holton tries to give a " study of some (not all) of the causes (not the effects) of Virginia’s Revolution." He argues that the Virginia elite were important as leaders of
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