(Also known as "T" Account and Account) Having passed the double or journal entries‚ the next step is to post these double or journal entries into Ledger accounts. Ledger account or an account is simply the classification of double entries which we have made in General Journal or any other journal. In an account we bring together all similar entries in one place. For example a company has purchased goods on 4th and 7th January‚ we would put both entries in purchases account because of their similar
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Chapter 4 : Account Titles and Preparation of Financial Statements | Article 14 : The balance sheet items shallbe categorized as follows: 1. Assets. (1) Current assets. (2) Funds and long-term investments. (3) Property‚ plant and equipment. (4) Depletable assets. (5) Intangible assets.
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How would you account for the rise of the human resource function within large firms? Word Count: 1928 MSc in Management Year One How would you account for the rise of the human resource function within large firms The term “human resources” is used to refer to the department of a business or organization that deals with the hiring‚ administration and training of staff (Oxford Dictionary‚ 2012). The field of HR management is a bit more complicated to define‚ as it seems to have a variety
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BUSINESS ACCOUNTING (GBB/GCB 1013) SEMESTER JANUARY 2013 TITLE: ___________________________________________ LECTURER: HEZLINA BT M HASHIM GROUP MEMBERS: No. | Name | Student ID | 1 | | | 2 | | | 3 | | | 4 | | | 5 | | | DATE RECEIVED: __________________________ INTRODUCTION: Charitable organizations are NGOs whose purpose of existence is to benefit the public. The mission of a charitable non-profit expresses the particular way in which the organization will fulfil its public benefit
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Leverage Ratios Debt Equity ratio 0.42 0.93 0.98 1 0.83 1.52 2.28 0.45 0.4 0.41 Interest Coverage ratio 8.33 2.27 5.83 5.23 3.68 4.53 1.27 2.76 6.36 6.95 AUTOMOBILE SECTOR Interpretation of ratios Profitability Ratios Gross Margin Ratio From the above chart it is clearly seen that Gross Profit Margin of Ashok Leyland is decreasing because of various factors such as increase in raw material
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Banking Sector in India The banking system in India is controlled under the supervision of Reserve Bank of India‚ which was established on April 1‚ 1935. All the functions of RBI are performed under the guidance of Board for Financial Supervision (BSF). The primary objective of BFS is to take charge of the financial sector comprising commercial banks‚ financial institutions and non-banking finance companies (RBI‚ AboutusDisplay). ING Vysya Bank ING Vysya Bank Ltd is a premier bank in the Indian
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|[pic] | | Question 1: Accounting concepts A. The owner of Computer World‚ Heath is confused about the depreciation expense for building in the income statement and the carrying amount in the balance sheet‚ and would like you to explain the following to him: i) Why is depreciation expense recoded in the income statement for the building as
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The Chart of Accounts The increases and decreases in accounting element as affected by a business transaction are recorded in a device called account name‚ account title or account. Each accounting element is composed of several accounts which describe the related economic transactions and events. To maintain uniform account name‚ the business must have a listing of all the accounts it uses to record economic transactions. This listing of all accounts is called “Chart of Accounts.” The Chart of
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A PROJECT REPORT ON CONSOLIDATED FINANCIAL STATEMENT SUBMITTED TO THE UNIVERSITY OF MUMBAI AS A PARTIAL REQUIREMENT FOR COMPLETING THE DEGREE OF M.COM (ACCOUNTS) SEMESTER I SUBJECT: ADVANCED FINANCIAL ACCOUNTING SUBMITTED BY: SHUBALAXMI.UMESH.SHETTY ROLL NO.: 47 UNDER THE GUIDANCE OF PROFESSOR DHANABALU.R.NAIKAR SIES COLLEGE OF COMMERCE AND ECONOMICS‚ PLOT NO. 71/72‚ SION MATUNGA
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Crime is not a good thing‚ but it exists and it cannot be ignored. Crime lurks in many places. In metropolises‚ cites towns‚ and even villages. In my essay‚ you will learn ways to prevent crime and I am going to tell you what leads these people up to committing these crimes. The main factor is that we have to start controlling is guns. Then we have to decide what we want to do with all our drug offenders. To live in a safe community we must start sometime and somewhere and there is no better time
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