specific technique used by the company to effectively managing its cash. Q.2 How Important is Debtors Management to your Company? (a) Very Important (b) Important (c) Not Very Important Answer: The debtors management is very important to the company since the company works on a low margin and high volume strategy. The average margin on each transaction is nearly about 5% and if the company has debtors outstanding for a long period that means the opportunity
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the trial balance of M/s Sharada Enterprise 10 marks on 31st December‚ 2000. Summer 2013 Sundry Debtors Rs.160000 9000 1800 Rs. 16500 Rs. 3200 Bad Debts written off Rs Discount allowed to Debtors Rs. Reserve for Bad and doubtful Debts 31-12-1999 Reserve for discount on Debtors 31-12-1999 You are required to provide the bad and doubtful debts at 5% and for discount on debtors at 2%. Show the adjustments for bad debts‚ bad debts
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necessity to give‚ to do or not to do. Comment: (1) Elements of a obligation (a) Active subject (oblige or creditor) – person who has the right in the fulfillment of the obligation.(Paras‚ Civil Code) (b) Passive subject (obligor or debtor) – person who has the duty or obligation to do‚ to give or not to do.(ibid) (c) Prestation or Object – it is the subject matter of the obligation. (ibid) (d) Efficient cause – it is the reason why the obligation exist (ibid) (2) Example
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TAMPA DIVISION In re: BAMBI A. HERRERA-EDWARDS‚ Case No. 8:12-bk-15725-KRM Chapter 11 Debtor. / MOTION TO DETERMINE PROPERTY OF THE ESTATE DUE TO CLAIMS OF EQUITABLE ESTOPPEL‚ PROMISSORY ESTOPPEL AND RES JUDICATA Creditor‚ ERIC MOORE does hereby file this motion to determine property of the estate and alleges as follows: FACTUAL ALLEGATIONS 1. Creditor‚ Eric Moore and Debtor‚ Bambi A. Herrera-Edwards entered into a Consulting Agreement (hereafter “Contract”) on July 11
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not tell | |the whole story. There is no record of outstanding debtors or creditors‚ nor of stock‚ nor‚ without | |analysis‚ of for what receipts and payments have been received and paid‚ or‚ in some cases‚ of the split | |between revenue and capital items. As a result‚ in an incomplete record system:- | |€the figures must be calculated‚ extrapolated‚ or extracted in the case of creditors and debtors | |to arrive at the year-end profit and loss account and
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Business Law II Exam I Review ____ 1. As part of a loan to pay for improvements to her restaurant‚ Courtney executes a negotiable instrument in favor of Tim. They are the only parties to the instrument. A negotiable instrument that has only two parties is The promissory note is the simplest form of commercial paper; it is simply a promise to pay money. A promissory note is a two-party instrument in which one person(known as the maker) makes an unconditional promise in writing to pay
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need to be paid in the next 12 months tutor2u™ www.tutor2u.net Definition of Working Capital Stocks Current Assets Less Debtors Cash Investments Trade Creditors Current Liabilities Taxation Dividends Shortterm Loans tutor2u™ www.tutor2u.net Calculating Working Capital Example Stocks Trade Debtors Current Assets Cash Prepayments Less £250‚000 £500‚000 £900‚000 £125‚000 £25‚000 £250‚000 Working Capital = Trade Creditors £350
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MT KENYA UNIVERSITY‚ SCHOOL OF LAW NAIROBI CAMPUS. BANKRUPTCY CAT 1 PRESENTED BY The Bankruptcy Act‚ Cap 53‚ Laws of Kenya has over the years been in need of amendment and reforms especially now in light of the provisions in the Constitution of Kenya‚ 2010. Many efforts have been made to improve this law through the proposed and tabled Insolvency Bill 2012‚ Insolvency Bill 2013 and Insolvency Bill 2014. Critically examine the salient features‚ reforms and innovations relating to individual
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RATIO ANALYSIS Meaning of Ratio:- A ratio is simple arithmetical expression of the relationship of one number to another. It may be defined as the indicated quotient of two mathematical expressions. According to Accountant’s Handbook by Wixon‚ Kell and Bedford‚ “a ratio is an expression of the quantitative relationship between two numbers”. Ratio Analysis:Ratio analysis is the process of determining and interpreting numerical relationship based on financial statements. It is the technique of
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STUDENT NAME: MARIANNA SOFIANIDOU STUDENT ID NUMBER COURSE: DIPLOMA OF MANAGMENT 201301004 UNIT OF COMPETENCY: WEEK 4 Assessment no:# 4 TITLE OF ASSESSMENT: BSBFIM501A Manage budgets and financial plans DATE DUE: 11/2/15 DATE SUBMITTED 4/5/2015 Review and evaluate financial management processes Submission details This assessment task must be submitted online by the due date specified by your Trainer/Assessor and Assessment Plan for this unit of competency. Any variations to this arrangement
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