it will be recorded in the purchase journal‚ once it has been certified as a valid invoice. After the journal entries‚ the next step is to post the journal entries into account. Ledger Account also known as “T” Account and Account. Ledger accounts categorize these changes or debits and credits into specific accounts‚ so management can have useful information for budgeting and
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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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OUTCOMES At the end of this course‚ students should be able to know and understand: 3.1 the basic concepts of accounting; 3.2 the meaning‚ role and importance of accounting information; 3.3 the process of preparing financial statements; and 3.4 how the accounting information helps the management in making business decisions. 4.0 COURSE CONTENT NO TOPIC REFERENCE HOUR 1. 1.0 ACCOUNTING ENVIRONMENT 1.1 Definition of accounting. 1.2 Purposes of accounting‚ fields of accounting
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between physical and attitudinal pleasure is that one is something that you can hold and grab‚ while the other is something that is in your mind. To expand‚ physical pleasure is a temporary thing. For an example: Eating key lime pie. Eating this specific pie for some people give them pleasure because it tastes good; however‚ when the consumption is complete‚ the taste eventually goes away along with the pleasure. On the other hand‚ attitudinal‚ or psychological pleasure‚ is a perpetual kind of happiness
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PREFACE B havnagar University has started certificate course in administration called B.B.A (Bachelor of Business Administration) for the purpose of knowledge about business. So‚ I have taken the industrial training of NAVBHARAT STEEL RE - ROLLING MILL and take the practical knowledge of business and as give us training in the company I have made report/project as per my knowledge. Management studies are like a coin‚ which has two sides‚ one is theoretical knowledge and other is practical
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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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Fixtures and fittings $000 $000 250 100 350 Current Assets Stock Debtors Cash Current Liabilities Creditors for supplies Accruals Bank 1540 820 3 2363 1210 192 203 1605 758 1108 25 910 Share capital – Ordinary shares Retained profits Loan accounts – Bracket Racket 104 69 173 1108 The company accountant resigned at the beginning of April 2002 and proper records were not kept for the six-month period 1 April to 30 September 2002. The following information is available for that six-month period
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Lower class culture is cause of delinquency Miller made this statement in 1958 although it was an imperfect notion‚ but I will argue that this statement was a brand-new filed in criminology and it well addressed the cause of street crime. Decades later‚ Anderson‚ Sandberg and Ilan took his theory farer‚ they connected crime with one issue the economic exclusion that existing in the society. I will make my argument by combine the statement Miller (1958) and Anderson (2000) made which are lower class
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Bullying: Sadistic Pleasure? Have you been humiliated‚ hurt and made fun of by other people? Have they been abusing your negligence to their actions? Have you been bullied? Or were you the one who bullied? H. No. 5496 (Anti-Bullying Act of 2012): An act requiring all elementary and secondary schools to adopt policies to prevent and address the acts of bullying in their institutions. Sadism‚ pleasure taken from inflicting pain on others‚ may lead to Sadistic Personality Disorder which is a mental
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of Mill’s most famous works and remains the one most read today. In this book‚ Mill expounds his concept of individual freedom within the context of his ideas on history and the state. On Liberty depends on the idea that society progresses from lower to higher stages and that this progress culminates in the emergence of a system of representative democracy. It is within the context of this form of government that Mill envisions the growth and development of liberty. Chapter I defines civil liberty
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