Control of Cash Receipts Internal control of cash receipts ensures that cash received is properly recorded and deposited. Cash receipts can arise from transactions such as collections of customer accounts‚ receipts of interest earned‚ bank loans‚ sales of assets‚ and owner investments. The two important types of cash receipts are: Over-the-Counter Cash Receipts For purposes of internal control‚ over-the-counter cash receipts from sales should be recorded on a cash register at the time of each
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Current status of public sector accounting in Malaysia- Cash Basis Accounting Revenue is only recorded when the cash is actually exchanged for example‚ when revenue is received as cash and when expenses are actually paid. http://www.quora.com/What-are-the-differences-between-cash-basis-and-accrual-basis-accounting Why government used the cash basis of accounting? Easy to learn and carry out and requires care but no special accounting skills. Well-adapted to needs of budgetary control and payment
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Case Chapter 7 Cash and Receivables 1. Petty Cash (10 min.) The petty cash fund of $200 for Walsh Company appeared as follows on December 31‚ 2008: Cash $93.60 Petty cash vouchers Freight in $21.40 Postage 40.00 Balloons for a special occasion 18.00 Meals 25.00 Instructions 1. Prepare the journal entries required to establish the petty cash fund. 2. Prepare in general journal form the entry to replenish the fund. 3. On December 31‚ the office manager gives instructions
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Joseph Johnson Business 201 Professor Lane November 11th 2013 Project 7.1 Alpha Electronic Components‚ Inc.‚ ships 100‚000 silicon chips to Beta E-Products Corporation. The chips arrive a week early‚ on a Friday that is extremely busy on Beta’s receiving dock. Beta’s dockworkers check the bill of lading against the quantity marked on the boxes‚ but do not examine the chips. The chips are then put in the back of the warehouse until needed in the plant. The next week‚ when the chips are sent
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Abstract This experiment is to study and measure the enzyme activity of β-galactosidase in the different concentrations of o-Nitrophenylgalactoside (ONPG) using a spectrophotometer. The spectrophotometer was also set at 420nm‚ a wavelength which is best for recording the absorbance values for the experiment. From the results‚ 0.9mM ONPG solution has the highest absorbance and 0.1mM ONPG solution has the least. Also‚ 0.5mM ONPG solution has the highest rate of enzyme activity and it is the most efficient
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RUTH D. CHAPPEL 1918 Blk. 5 South Daang Bakal Dau‚ Mabalacat Pampanga 0923-502-0813 ruthchappel@yahoo.com ------------------------------------------------- ------------------------------------------------- OBJECTIVE: To have a job that will utilize both my educational background and professional experience to contribute to the organization’s goals and simultaneously provide excellent opportunities for career development and personal growth. SUMMARY OF QUALIFICATIONS: * Ability
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need to calculate beta of the company’s stock? eg: returns for co. are -5%‚ 5%‚ 8%‚ 15% and 10% over 5 years. the returns for stock exchange are -12%‚ 1%‚ 6% 10% and 5% for the same 5 years. How to compute the beta of the company’s stock? * 5 years ago * Report Abuse anilwyd Best Answer - Chosen by Asker Bete is measure of Risk. Year 1 Beta = -5/12 = 0.42 Year 2 Beta = 5/1 = 5 Year 3 Beta = 8/6 = 1.33 Year 4 Beta =10/10 = 1 Year 5 Beta = 10/5 = 2 Overall Beta for five Year =
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Circular Flow Diagrams Introduction Money flows into and out of the economy. The circular flow diagram explains how money moves through the economic system involving households‚ businesses‚ the government‚ and foreign agents (Editorial Board‚ 2011). Circular flow diagrams are visual models that show firms who employ workers‚ the workers then spend on goods produced by firms‚ and the money is then used to compensate the worker and buy raw materials to make the goods and the circle continues.
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discovered great things about themselves or the world with the help of a teacher/mentor. Stories such as Speak by Laurie Halse Anderson and The Effect of Gamma Rays on Man-in-the-Moon Marigolds by Paul Zindel‚ use schools as a setting for life-changing discoveries. The protagonists in both of these books‚ Melinda (Speak) and Tillie (The Effect of Gamma Rays on Man-in-the-Moon Marigolds) go through personal troubles that are solved by an important teacher/mentor. Even though each girl is excluded at school
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The main crops of Pakistan are classified into food crops and non-food crops. The food crops include wheat‚ rice‚ maize‚ coarse grains‚ grams and other pulses. The cash crops are cotton‚ sugarcane‚ tobacco‚ mustard and sesame. The total area‚ yield and production of each crop is now discussed under separate heads. (A) FOODS CROPS (1) Wheat: Wheat is the principal food crop of the people. It occupies an important position i farming policies. The share of wheat is 3% to GDP. The area under wheat
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