3 GOLDEN RULES OF ACCOUNTANCY (1) Debit What comes in & credit what goes out [Real Account] Real Accounts – All tangible assets like cash‚ car‚ furniture and intangible assets like goodwill‚ patents (2) Debit the Receiver & Credit the giver [Personal Account] Personal Accounts – Jose‚ cyndie or any other person or any company’s account in business (3) Debit all the Expenses and losses & Credit all the Incomes and gains. [Nominal Account] Nominal Accounts – All Income
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It is a 12 credit hour course with duration of 14 weeks. Students who have completed all the required courses (at least 114 credit hours) are eligible for this course. In the internship program‚ I was attached to a host organization Standard Chartered Grindlays Bank for 14 weeks. During this period I learned how the host organization works with the help of the internal supervisor. The internal supervisor assigned me on of the projects. Another project about the customer query frequency is assigned
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Communication is empowered in the era of Information and Technology. Today’s professionals are required not only to sharpen their communication skills but also Internet Skills. The traditional offices have been replaced by virtual offices or broadly speaking professionals are expected to perform their official assignments by remaining on-line 24X7 bases. The world of internet has thus revolutionized the information gathering process and opened ample opportunities for CA professionals. The
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ACC 340 Final Exam Guide To purchase this material click below link www.assignmentcloud.com/ACC-340/ACC-340-Final-Exam-Guide 1. The process by which a financial transaction is recorded so that its flow through the system can be followed is called: a) Financial shadowing b) Managerial trace technique c) Concatenation d) Audit trail 2. Justifying expenditures for new technologies is especially difficult because: a) You do not know how many jobs will be affected b) Expenses are often recurring and
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Alehandro is an accountant. He wants to set up his own accountancy business. He has a few customers arranged. His sister‚ Miranda‚ is a start-up business advisor in a local bank. She has offered to become his partner. She knows plenty of people who would use their business. She has already found rent-free premises for the office. Alehandro is not sure whether it would be better for him to set up as a sole trader‚ in partnership with his sister‚ or as a limited company. If Alehandro were to start
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so when declaring a major in college‚ I chose accounting. Once attending college‚ I declared a major in accounting because I enjoyed the number crunching and the logic of the financial statements. I wasn’t sure that I had chosen the right degree‚ until I completed my pre-business accounting classes. After excelling in both these classes‚ I knew that this would be a major that I would not only do well in but also enjoy. Another reason why I have chose a accounting degree is because I look forward
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workforce. With some experience‚ I will return to BYU’s nurse practitioner graduate program. One reason I chose nursing was because I love helping other people. I peer tutor eighth grade students and love watching them gain confidence in their math abilities. Using the knowledge I have to help other people is a passion of mine. I wanted to apply that passion to a career. Another reason I chose the field of nursing was because I want to impact other people’s lives for good. Often‚ I accompany my brother
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1) Hahn Company uses the percentage of sales method for recording bad debts expense. For the year‚ cash sales are $300‚000 and credit sales are $1‚200‚000. Management estimates that 1% is the sales percentage to use. What adjusting entry will Hahn Company make to record the bad debts expense? Debit Bad Debt Expense $12‚000‚ Credit – Allowance for Doubtful Accounts $12‚000 2) Using the percentage of receivables method for recording bad debts expense‚ estimated uncollectible accounts are $15‚000
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CRITIQUING MONTHLY MEDICATION COMPLIANCE AUDIT TOOL This critique essay‚ will firstly‚ identify the chosen tool‚ examine what is good‚ bad‚ accurate and inaccurate and rational the chosen audit tool. Secondly‚ it aims to explore and demonstrate understanding of the relationship between clinical governance and audit and how‚ why this type of audit tool is implemented in my workplace. In addition to the second point‚ clinical governance and audit tool will be defined. Thirdly‚ the point will focus
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it was just a matter of where I wanted to go‚ what I wanted to study‚ and how to acquire the funds for it. However‚ as I got older college became a choice I had to make based on how I wanted my future to go. When I figured out I wanted to pursue a career in Environmental Engineering I knew college was the path to take. With that being said‚ going to college and pursuing my particular major is important to me because knowledge is key whether it’s about my field of study or myself and I want to use
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