Why are accounts important To begin by why accounts are important‚ a person should first know what accounts actually mean. Accounts are financial records of an organization that register all financial transactions‚ and must be kept at its principal office or place of business. The purpose of these records is to enable anyone to appraise the organization’s current financial position with reasonable accuracy. Firms present their annual accounts in two main parts: the balance sheet‚ and the income
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Corporation is one of the best-known software companies in the world. The company is famous for its Windows and Office software. In addition to software products the company manufactures and develops consumer electronics such as tablets and game system. You can find more information about the company in its official website or Wikipedia’s article. SWOT Microsoft SWOT analysis 2013 | Strengths | Weaknesses | 1. Brand loyalty 2. Brand reputation 3. Easy to use software 4. Strong distribution
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admission? List any two contents of a partner ship deed? Can a company issue a share having face value of Rs 10 at Rs 8 Give two examples of ‘Capital receipts’. Give two circumstances in which sacrificing ratio may be applied (1) (1) (1). (1) (1) Show how you would deal with the following items in the final accounts of a club: (3) Debit credit Prize fund Prize fund Investments 1‚20‚000 Income from Prize fund Investments Prizes awarded 9000 Q7. 1‚20‚000 12000 A‚B and C are partners sharing
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business because the company needs to know how the business is doing; you want to have professional looking financial statements for your bank‚ potential vendors‚ or other interested parties. An account system is also important to process sales‚ purchase orders‚ invoices‚ payroll‚ and other business functions manually. The accounting system must be scalable‚ secure and gather data feed from other business systems to collect up-to-date business finances. The installed REMS came with the
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The Ups and Downs of Social Media Naomi Ohlsen INF 103 Week 5 Final paper Christine Stagnetto-Zweig 20 May 2013 Social Media has been growing over last the decade and more and types of communication through social media have been developed. Chat rooms and instant messaging through AOL was a new form of communication when I was graduating high school. Today there
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reconciliation between races in order to encourage amity‚ nation-building and economic growth between the country’s white minority and black majority racial groups. This lead to a period of growth throughout the 1980s‚ the economy performed extremely well‚ which led the Central government expenditure to triple and increase its share from 32.5% of GDP in 1979 to 44.6% in 1989(Hazzlewood‚ 1967:284). Having inherited a socially skewed system of allocation of resources from its predecessor‚ the ZANU PF government
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THE SOCIAL AND HISTORICAL CONTEXT OF BLUE REMEMBERED HILLS Introduction Blue Remembered Hills is a play set in 1943 written by Dennis Potter. It studies a group of seven-year-olds playing in the Forest of Dean one summer afternoon until the character Donald‚ or better known as "Donald Duck" by his friends‚ is burned to death as a result of the other childrens ’ actions. The play comprises a variety of brutality - including: emotional abuse‚ physical abuse‚ child abuse‚ and animal cruelty. This
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SOCIAL RESPONSIBILITY OF PRIVATE SECTOR IN CONTEXT TO INDIA Introduction: the terminology of social responsibility What constitutes the “social responsibility” (SR) of enterprises and other organizations is difficult to define. The ISO Strategic Advisory Group on Social Responsibility (SAG) recognizes that there is no single authoritative definition of the term “corporate/organizational social responsibility‚” and does not seek to provide one. However‚ it notes that most definitions emphasize
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The Accounting Cycle Accounting Cycle is an accounting process that involve a series of procedures in collection‚ processing‚ and communication of financial information. There are 7 basis steps of accounting cycle which comprise of source documents‚ prima entry‚ ledger‚ draft trial balances & financial statement‚ adjustments‚ adjusted trial balance & financial statement and closing entries. At first source documents‚ are things like invoice‚ credit note‚ debit note‚ cash bill
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profit and unappropriated profit. what is the accumulated profit and why do accountants and bookkeepers use different names for the same thing? (6 marks) Accumulated profits is profits that are not paid as dividend but is transfered over to the accounts for the next year. Also can be used to reinvest in the core of the business to help pay off debts or to purchase a capital asset. The reasons why accountants and bookkeepers use different names for the same thing is because bookkeepers are the people
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