company is audited‚ source documents back up the accounting journals and general ledger as an indisputable audit trail.( http://bizfinance.about.com/od/bookkeepingessentials/qt/Source_Document.htm) The 7 book of prime entry is record the daily business transactions in chronological order based on the source documents. (copy the lecture note) For example cash book‚ petty cash book‚ sales journal‚ purchases journal‚ sales returns‚ purchase returns and general journal. ( HYPERLINK "http://www.investorguide
Premium General ledger Balance sheet Generally Accepted Accounting Principles
UNIVERSITI UTARA MALAYSIA UUM COLLEGEOF BUSINESS SCHOOL OF ACCOUNTANCY COURSE CODE : BKAL1013 COURSE : BUSINESS ACCOUNTING PRE-REQUISITE : NONE 1.0 COURSE SYNOPSIS This course is designed specifically for students from non-accounting disciplines. It is divided into two sections‚ i.e. financial accounting and management accounting. Students will be exposed to accounting concepts‚ principles and assumptions. They would be able to assess
Premium Financial statements Management accounting Balance sheet
Individual Assignment Introduction to Financial Accounting (ACC106) Mega Lawa Trading is a sole proprietorship business owned by Milah Mela. Transactions below are the business activities for the month of December 2013. Date Transaction Effects of Transaction Principles of Double Entry 1 Started a business with a cash at bank for RM 15‚000 and cash in hand for RM 10‚000 3 Purchased machinery on credit from Happy Machine Supplies amounted to RM 90‚000 4 Bought inventories
Premium Double-entry bookkeeping system Sole proprietorship Bookkeeping
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 profits and losses in the ratio of 1 : 2: 3. They have omitted interest on capital @ 8% p.a. for two years ended 31st March‚ 2008. Their fixed capitals were Rs. 400000‚ Rs 600000 and Rs 800000 respectively. Pass the necessary adjusting entry. (3) Raghav limited purchased a running business from Krishna
Premium Balance sheet Asset Stock
Organizational charts are detailed representations of organization structures and hierarchies. They are typically used to provide both employees and individuals outside the organization with a "snapshot" picture of it’s reporting relationships‚ divisions of work‚ and levels of management. Obviously‚ smaller firms—whether they consist of a single owner of a home-based business‚ a modest shop of a few employees‚ or a family-owned business with a few dozen workers—are less likely to utilize organization
Premium Organization Management Small business
Transactions Show Journal entries to record the following transactions. Post them into appropriate Ledger Accounts and then extract a Trial Balance on 31st December‚ 2012: 2012 Jan 1st: Commenced business with cash Rs 1‚00‚000. Jan 10th: Bought office equipment worth Rs 40‚000. Jan 25th: Purchased goods worth Rs 25‚000; less 10% trade dis. on credit from Rahul. Feb 4th: Purchased office stationary worth Rs 500. Feb 9th: Paid premium for fire insurance Rs 5‚000 Feb 20th: Sold goods on
Premium Electric charge Electricity Bookkeeping
budgeted period. Projected financial statement includes the Balance Sheet‚ income statement and cash flow statement for the budgeted period. Balance Sheet shows assets liabilities and equity at a particular point of time. DETAILS ABOUT AMRUTANJAN’S BUSINESS 2012 2013 AMRUTANJAN Pain balm- 1053.28 (RS. In million) AMRUTANJAN Pain balm- 1086.10 (RS. In million) Inhaler & others- 86.55(RS. In million) Beverages -201.70(RS. In million) Agency Products - 60. 38 (RS. In million) Agency Products
Premium Balance sheet Revenue
Control Charts Control charts‚ also known as Shewhart charts are tools used to determine if a manufacturing or business process is in a state of statistical control. The control chart was invented by Walter A. Shewhart‚ (also known as the father of statistical quality control) while working for Bell Labs in the 1920s. The company’s engineers were seeking to improve the reliability of their telephony transmission systems. The engineers had realized the importance of reducing variation in a manufacturing
Premium Control chart W. Edwards Deming Quality control
STRATEGY AND ENTERPRISE GOVERNANCE 1. INTRODUCTION In the new business paradigm with its focus on social‚ environmental and economic sustainability -- characterised by a Triple Bottom Line approach to strategic management -- organisations are increasingly ‘regulated’ by societal expectations for good corporate governance‚ socially responsible and ethical behaviour‚ rather than by the law. The ‘business of business’ is no longer only business (‘Profit’) and shareholders are no longer the only important
Premium Corporate social responsibility Social responsibility Strategic management
BIFS IB History OPVL Chart Document Type Diary Entry Origin Is it a primary source? Who wrote it? Was this person a key individual? When in the course of events was it written? Purpose Private reflection? Private reflection with the view to being published later in a memoir? Attempts to justify actions? Value Content Eyewitness account Person was part of the decision-making process Could be candid and honest Limitations Personal involvement could lead to
Premium Policy Source text Primary source