Team Name: The conquerors Institute Name: NMIMS Team Members: Name: Jigar Shah Kavitha Rajan Email: jigar.shahft09@nmims.org kavitha.rajanft09@nmims.org Phone: 9819952441 99672457453 ` The Debate on Capital Account Convertibility in India Executive Summary Capital Account Convertibility is considered the hallmark of a developed economy. CAC‚ as defined by Tarapore committee is the freedom to convert local financial assets into foreign financial assets and vice versa at market determined
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Individual Retirement Accounts: Why Bother? by William K. English 121 Mr. Frost September 22‚ 1996 Outline Thesis: When planning for retirement‚ Individual Retirement Accounts offer several benefits; however‚ careful planning is essential to ensure that: upon retirement there is an adequate amount of money saved‚ that the heirs to the IRA are chosen carefully‚ and that unnecessary taxes and penalties are avoided. I. Upon retirement there is an adequate amount
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guilty of doing something wrong” (Merriam-Webster). Culpability is a reoccurring theme in many literary works. In Laila Lalami’s novel‚ The Moor’s Account‚ the theme of culpability is displayed throughout the novel’s entirety. Culpability is displayed through the overall events of the Narvaez expedition‚ Mustafa’s religion‚ and Cabeza de Vaca’s account of the expedition. The overall events of the Narvaez expedition display the theme of culpability very well. The main purpose of the expedition was
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banks‚ opening of corporate account is key.Corperate account is very important for every corporate entities to carry out her day to day financial obligation via banks. Even though banks see it as a edge for survival via various “charges et al” on transactions on those corporate accounts‚ the customers perspective of ensuring that the account is a is properly managed is a great challenge. Therefore‚ the research investigated the challenges of managing corporate bank account in Nigeria. Earlier research
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PTS: 1 5. The accounts payable department reconciles the accounts payable subsidiary ledger to the control account. ANS: F PTS: 1 6. The use of inventory reorder points suggests the need to obtain specific authorization. ANS: F PTS: 1 7. Proper segregation of duties requires that the responsibility approving a payment be separated from posting to the cash disbursements journal. ANS: T PTS: 1 8. A major risk exposure in the expenditure cycle is that accounts payable may be overstated
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that is slightly too small rather than slightly too large. iii. The current liabilities of Reliable Store are much bigger than its current assets. In order to present a better liquidity position‚ the owner decides to include his personal bank account in the Store’s balance sheet. iv. Luxury Hotel recognises hotel room rental income on the date that a reservation is received. For the year 2001‚ many overseas visitors make reservations one year in advance. 2. “Although the totals of debit
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contains the company’s unadjusted trial balance as of December 31‚ 2011. BUG-OFF EXTERMINATORS December 31‚ 2011 Unadjusted Trial Balance Cash 17‚000 Accounts receivable 4‚000 Allowance for doubtful accounts 828 Merchandise inventory 11‚700 Trucks 32‚000 Accum. depreciation-Trucks - Equipment 45‚000 Accum. depreciation-Equipment 12‚200 Accounts payable 5‚000 Estimated warranty liability 1‚400 Unearned services revenue - Interest payable - Long-term notes payable 15‚000 D. Buggs‚ Capital
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1 Review of Chart of Accounts – Philippines Questions and Suggested Answers 1. In China GAAP‚ the bonds or stocks purchased are categorized as "Held-for-trading" or "Available for sale" or "Long term investment"‚ based on the purpose of purchase. Does Philippine GAAP have similar categorization? Philippine client want to separate the marketable securities to current or non-current‚ it means short or long term‚ right? Answer: The Philippine Financial Reporting Standards (PFRS) [based from International
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the questions 1. (a) (b) Define Accounting. Briefly explain the accounting concepts which guide the accountant at the recording stage. “Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.”
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INTRODUCTION The report contains the organizational study done at ICICI Bank. The report title is “Customer preference & Attributes towards Different deposit Accounts of ICICI Bank”. The report gives an overview of the Bank and awareness of customers about different types of products and services offered by ICICI Bank. The methodology adopted for the study was through a structured questionnaire‚ which is targeted to the different respondent in CHENNAI. For this purpose sample size of 100 was taken
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