chart of accounts? Chart of accounts (COA) is a list of the accounts used by an organization. The list can be numerical‚ alphabetic‚ or alpha-numeric. The structure and headings of accounts should assist in consistent posting of transactions. Each nominal ledger account is unique to allow its ledger to be located. The list is typically arranged in the order of the customary appearance of accounts in the financial statements‚ profit and loss accounts followed by balance sheet accounts. It is
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PROJECT CLUBS MARKS: 48 The project forms part of the CASS for the year and will be completed during term 2 of the year. You may complete the project in groups of no more than two. You are the bookkeeper/treasurer of the Western Cape Soccer Club. The club has 260 members that pay a range of membership fees from juniors who pay R100 per annum to adults who pay R250 per annum. The club also charges an entrance fee for all new members of R200 for juniors and R400 for adults. The club runs
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Principles of Accounts A Handbook is prepared mainly for the purpose of helping the grade 8 students who are new to this subject. In this book we have included all the topics to be covered in grade 8. Each topic is serially numbered. At the end of each topic‚ a large number of descriptive‚ multiple choice and gapped questions‚ which are related to that topic‚ are given. Gapped questions are included mainly for improving the students’ knowledge of theory. The multiple choice and descriptive
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accounting coursework 1. Explain the similarities between non-current assets and current assets? (3 marks) Similarities: Acquired by a business to gain profit or chances of investment Both current and non-current assets are recorded on the balance sheet Differences Current assets are intended for consumption of sale realised during a year Current assets is used for trading or transactions Current assest have direct results of the profit gained in the business such as bank balance Non-current
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m.Module 3 CAPITAL BUDGETING Meaning of Capital Budgeting :- Capital Budgeting is the process of making Decisions regarding long term investments in Fixed Assets which are not meant for sale. It is long range planning to employ the available capital for the purpose of maximizing the long term profitability of the concern. Definition of Capital Budgeting:- Prof I.M.PANDEY Defines Capital Budgeting as the firms decision to invest its current funds most efficiently in long term activities
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Accounting Assignment -1 Question1: What is Whole Foods Market’s strategy for success in the marketplace? Does the company rely primarily on a customer intimacy‚ operational excellence‚ or product leadership customer value proposition? What evidence supports your conclusion? Answer1: Whole Foods Market’s strategy for success in the marketplace seems to be product leadership. Evidence of this can be seen throughout the documents. The first boldface heading in the company’s Declaration of Interdependence
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ACCOUNT BALANCES For many purposes‚ it is necessary to determine the balance in an account. This is accomplished by adding the debits‚ credits‚ and determining the difference between the two sums. An account is said to have a debit balance if the sum of the debit entries to that account exceeds the sum of the credit entries. Conversely‚ an account has a credit balance if the sum of the credit entries exceeds the sum of the debit entries. Asset accounts normally have debit balances inasmuch as
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Q1. Management accounting is a field of accounting‚ it analyses and provide cost information to internal user (Ex: employee‚ management) for the purpose of PLANNING‚ CONTROLLING‚ and DECISION MAKING. P.S. CIMA (Chartered Institute of Management Accountants) defines Management accounting as “Management Accounting is the process of identification‚ measurement‚ accumulation‚ analysis‚ preparation‚ interpretation‚ and communication of information that used by management to plan‚ evaluate‚ and control
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Accounts receivable is a legally enforceable claim for payment from a business to its customer/clients for goods supplied and/or services rendered in execution of the customer’s order. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame. Accounts receivable is shown in a balance sheet as an asset. It is one of a series of accounting transactions dealing with the billing of a customer for goods and services that the
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ACKNOWLEDGEMENTS I would firstly like to thank Mr. Ifill‚ my accounting teacher for his assistance and guidance for the duration of this project. I would also like to thank my classmates as well as my family for their encouragement and patience while I was preparing this study. Finally‚ I would like to thank those employees who took the time to answer the questionnaires necessary to complete this assessment. TITLE The Impact of Technology on Accounting Systems AIMS AND OBJECTIVES The aims and objectives
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