(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
Premium Accounts receivable Debt Double-entry bookkeeping system
Jan 4 Purchased office supplies costing $17‚600 on account. Jan 13 Provided services to its customers and received $28‚500 in cash. Jan 13 Paid the accounts payable on the office supplies purchased on January 4. Jan 14 Paid wages to its employees for first two weeks of January‚ aggregating $19‚100. Jan 18 Provided $54‚100 worth of services to its customers. They paid $32‚900 and promised to pay the remaining amount. Jan 23 Received $15‚300 from customers for the services provided on January 18. Jan
Premium Accounts receivable 1967 1983
Maintain Order at Their Expense There are a vast number of different cultures in our world‚ but one thing stays the same among them all: each culture defines a certain set of rules‚ or “norms.” Society shapes the way people who belong to a particular group or area live and interact. Those who act differently and violate these imposed set of rules ultimately deviate from this norm and are therefore shunned away. Because these people are condemned or looked down upon‚ they act as bad examples to
Premium Sociology Harrison Bergeron Kurt Vonnegut
Companies suffer from file-based management system in handling information. Secretaries or person-in-charge who manipulates records manually aren’t assured that each record is properly monitored‚ due to work loads. It was May 21‚ 2001‚ when Dr. Torres an associate dentist opens his own dental clinic with Mrs. Miranda as his personal assistant. As the process of the clinic goes‚ from ‘walk-in’ patients they also have appointments. Today‚ they are now accepting (H.M.O-patient with company accreditation)
Premium Teeth Orthodontics Dentistry
currency and coins‚ checks‚ money orders‚ bank drafts and demand deposit accounts. Held for Trading Securities – Temporary investments of excess cash which are primarily held for short term gain. Loans and Receivables – include trade receivables and non trade receivables. Trade Receivables are claims against others which arise in the ordinary course of doing business. Examples are: Trade accounts receivable- these are claims against customers arising from the provision of services or delivery
Premium Accounts receivable Generally Accepted Accounting Principles Money
can be hard to establish your identity when you feel different from those around you A feeling of belonging is obviously a human’s fundamental needs. To establish your identity‚ you need to make people affirm and support you as a person you are becoming. However feeling different from a young child can have rippling effect on the rest of your lives where they can have an identity crisis because we are constantly reminded of our differences. Those who feel like outsiders
Premium Feeling Feelings Discrimination
1 What is an Asset? An asset is an item that a company owns. Assets are divided into three basic groups: capital assets‚ current assets and intangible assets. Capital assets are typically owned for the long term and include buildings‚ land‚ vehicles and manufacturing equipment. Current assets are items that can quickly be converted to cash‚ such as actual cash‚ accounts receivable‚ inventory and investments such as bonds and stocks. Intangible assets are items that cannot be physically touched‚
Premium Generally Accepted Accounting Principles Balance sheet
discussed there are three different types of businesses‚ sole proprietor‚ partnership and corporations. With these businesses come many advantages and disadvantages that one will have to determine will best suit their own lifestyle. Starting a business is something very serious to plan and make sure you have the necessary financial backing to keep it running‚ and have the legal knowledge to keep yourself and organization covered. Lastly‚ if you have the knowledge and product you know something about
Premium Tax Taxation in the United States Business law
DE 11 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.
Premium Expense Income Non-profit organization
of the technology today. From School to offices and now in Healthcare relate especially hospitals and even clinics. Upgrading from manual system to automated not only lessen paper consumption but also gives assurance of the safety of information that will be kept properly and well-organized. Patient record is a collection of documents that provides an account of each episode in which a patient visited or have treatment and received care from health care facility. The record is confidential and is
Premium Dentistry Data flow diagram Physician