Principle of Accounts Notes Topic: Introduction to Principles of Accounts What is accounting? Accounting is the process of identifying‚ recording‚ summarizing and communicating financial information to interested parties so that inform judgments and decisions can be made. The Purpose of Accounting: 1) It provides reports on the financial position of an organization and the profitability of its operations. 2) It helps management to make effective and efficient decisions in
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Q i) Expalin in detail five basic accounts along with their types and examples Five basic Acounts 1. Assets 2. Liabilities 3. Capital/Owner Equity 4. Revenue/Income 5. Expenses Assets Assets are the resources owened by a business and are expected to give benefit for future operation Example: If you buy a land and it will give benefit in the future operation then it is your asset . if the land which you buy And in future you have to sell only then this is not your asset. If you built
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Capital Account Convertibility. Should India adopt full convertibility? Capital Account Convertibility-or a floating exchange rate-is a feature of a nation ’s financial regime that centers around the ability to conduct transactions of local financial assets into foreign financial assets freely and at market determined exchange rates. It is sometimes referred to as Capital Asset Liberation or CAC. CAC is mostly a guideline to changes of ownership in foreign or domestic financial assets and liabilities
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not personal protect as helmet‚ gloves‚ face mash‚ etc. I think he will be seriously injured. Near the gas station‚ some firemen are quite calm. They don’t attend to the fire. Nobody holds fire hose or fire extinguisher. To my mind‚ this picture describe real situation of force firefighter in Vietnam. They use the old equipment which quality are very low. In addition‚ fireman is equipped fully good personal tools and trained knowdge and good skill. The fireman who is running and holding his helmet
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Stephen King “write or die” Write or die‚ and excerpt from On Writing‚ discusses two key influences on his writing. A guidance counselor at the end of his rope with the young king and a ruthlessly honest newspaper editor. In the passage he explains why and how he started writing‚ his counselor felt he should turn his restless pen into more constructive channels buy filling in the spot as the school sports reporter. He also tells bits and parts of his past when he began to write‚ and how john
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Bibliography: ………………………………………………………………………………40 REGULATION In this business the owner have to make sure an abide by the law that is given from the government‚ (example) 1) no false receipts 2) have proper document 1) The health and safety practice observe is housekeeping (example) no wet floors so no one would not slip. 2) The staff rule that they complied to is no sexual harassment Page 9
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Colombia is situated in beautiful South America has two coastal borders located along the Pacific Ocean and the Caribbean Sea. Colombia enjoys being the sole South American country to be afforded the luxury of having two coastal borders. The country spans 440‚831 square miles of diverse land that lies about the equator . Visitors enjoy this aspect because they enjoy sunlight year around. The population is around 40 million and 70% of which is considered urban. Entrepreneurs and business owners
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CHAPTER 1 Overview of Current Account Balance * Introduction: The current account is the difference between exports of goods and services and imports of goods and services. If we denote the current account balance by CA‚ we can express this definition in symbol as CA = EX – IM The current account balance is one of two major measures of the nature of a country’s foreign trade (the other being the net capital outflow. A current account surplus increases a country’s net foreign assets by the
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Reflective account (J) Record of event: Date: 8/10/12 Numeracy was being taught in the lesson and the teacher had asked me to sit with Boy F has trouble concentrating and has an IEP. The children had rearranged the tables in the classroom so that everyone was facing forward and two children were sat together at a desk. From the very start of the lesson Boy F couldn’t sit still. He was messing with his chair‚ his tie and pencil
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Demat‚ in India‚ refers to a dematerialised account. For individual Indian citizens to trade in listed stocks or debentures. The Securities Exchange Board of India (SEBI) requires the investor to maintain a Demat account. In a demat account shares and securities are held in electronic form instead of taking actual possession of certificates. A Demat Account is opened by the investor while registering with an investment broker (or sub broker). The Demat account number which is quoted for all transactions
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