Course Code Course Title Assignment Code Coverage : : : : ECO - 02 Accountancy I ECO 02/TMA/2013-14 All Blocks Maximum Marks: 100 Attempt all the questions. 1. 2. What do you mean by accounting concepts? What are their characteristics? Explain these concepts with examples. (20) (a) There was a difference of Rs. 525 in a Trial Balance. It has been transferred to credit side of Suspense A/c. Later on following errors were discovered. Pass the rectifying entries and
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CLICK TO DOWNLOAD ACC 201 Principles of Financial Accounting Week 1 Chapter 1 and 2 Practice Exercises: 1-2‚ 1-4‚ 1-9‚ 1-12‚ 1-18‚ 2-1‚ 2-3‚ 2-19‚ 2-22‚ 2-25. Memo to Blair Complete the writing assignment‚ ATC 1-4 from Chapter 1 and submit to your instructor. Week 2 Discussion 1: Fraud Discuss in general the ethical issues when employees are tempted to defraud their employer or when companies defraud the public. What sort of situations can lead to this behavior? What are the costs of
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PART A SAP BASICS 1.(4 points) When should you log off the SAP system and why? Answer: when I am finish using the SAP system‚ I must log off. Because if I don’t log off the system‚ someone may enter the system behind me and do something that I don’t want to do in my system. 2.(2 points) What is the check mark icon on the Standard Tool bar used for? What is the white box at the top left of the SAP system used for? Answer : You can click it to enter the transaction you type. You can enter
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In the case of Goodner Brothers‚ Inc. ‚ the six key control weakness were no proper segregation of duties‚ no proper procedure on recording documents‚ lacking monitoring on performance review‚ low gross profit margin than benchmark‚ no control on accessing to the accounting system and inventory storage and too depends on the honesty of the employees. Woody Robinson know very well that the company have these weaknesses that give him the chances to enter the hole to start the fraud activities. Firstly
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e-Circular PBU-LIABILITIES/INVESTMENT PRODUCTSMASS AFFLUENT Sl. No. : 150/2005 - 06 Circular No. : NBG/PBU/LIMA-DEPOSITS/1/2005 - 06 Friday‚ July 22‚ 2005. . NBG/PBBU/LI-MA Circular no.1 of 2005-06 Date: 19/07/2005 The Chief General Manager‚ State Bank of India‚ Local Head Office‚ All Circles. Dear Sir‚ CORE BANKING SOLUTION (CBS) PERSONAL BANKING NEW PRODUCT: CORE-POWER VALUE-ADDED SERVICES TO SAVINGS BANK/ CURRENT ACCOUNT HOLDERS As you are aware‚ Core Banking Solution (CBS)
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Question1 The clerk checks in the inventory database whether there is sufficient inventory. If there is not sufficient inventory‚ the clerk informs salesperson of that‚ and the sales person informs the customer that his order is rejected because of insufficient inventory. If there is sufficient inventory‚ the clerk informs the next clerk to check special terms. As the special terms are not approved‚ the clerk informs salesperson of that‚ and the sales person informs the customer that his order
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INDIVIDUAL ASSIGNMENT (10%) DGN 1306 ACCOUNTING MAY 2015 INTAKE Due Date: 30 JULY 2015 Senior Lecturer/Head of Discipline – Accounting JAMES LIOW Email: james.liow@berjaya.edu.my Tel: +603-26877000 Page 1 of 4 ASSIGNMENT 2 QUESTION 1 At 1 March 2013 Jaya Ltd had a debit balance of $23‚450 on its Debtors Ledger Control Account and a credit balance of $17‚450 on its Creditors Ledger Control Account. Both balances had been reconciled with the individual accounts. During March 2013 the following
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HISTORY OF ACCOUNTING Accounting has a history that is usually discussed in terms of one seminal event- the invention and dissemination of the double entry bookkeeping processes. Paul Garner and Atsuo Tsuji (1995) report that the first printed treatise of bookkeeping in the world is the Summa de Arithemetica‚ Geometria‚ Proportioni et Proportionalita written by Luca Pacioli. The treatise was published in Venice in 1494‚ and was reprinted at Toscolano in 1523. This work is one of the most important
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Discussion of Essay XV‚ “Banks‚ Bookkeeping‚ and the Rise of Commercial Capitalism‚” in Sprezzatura by Richard Jackson Essay XV of Sprezzatura provides a clear and concise description of the development and rise of banking‚ accounting‚ and capitalistic practices. The author‚ Richard Jackson‚ begins the short essay with a brief history of the Vivaldi brothers’ voyage to the West Indies in 1291. The remainder of the essay is organized chronologically and spans from the late 11th century--when Genoa
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Accounting is defined by the American Institute of Certified Public Accountants (AICPA) as "the art of recording‚ classifying‚ and summarizing in a significant manner and in terms of money‚ transactions and events which are‚ in part at least‚ of financial character‚ and interpreting the results thereof." Accounting is thousands of years old; the earliest accounting records‚ which date back more than 7‚000 years‚ were found in Mesopotamia (Assyrians). The people of that time relied on primitive accounting
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