Notes Compiled by Prof. M. B. Thakoor Chapter 2 - Classification of Accounts (Problems) Q.I. Classify the following into personal A/c‚ real A/c and Nominal A/c. 1. Mr. X A/c. 2. Bank of India A/c. 3. Bank A/c. 4. Cash A/c. 5. Land and Building A/c. 6. Plant and Machinery A/c. 7. Furniture A/c. 8. Insurance A/c. / Insurance Premium A/c. 9. Insurance Company A/c. 10. M/s. X & Co. A/c. 11. Rent A/c. / Rent paid A/c 12. Rent Received A/c. 13. Rent Receivable A/c. 14. Rent Payable A/c
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Sime Darby Plantation Sdn. Bhd.’s first multinational corporation in Malaysia is one of the largest corporations in the whole of Southeast Asia. The company has a long history of international trading activities and is one of the most internationally integrated companies. The company‚ which has focused concentration on how the management gained internationalization knowledge and experience when operating the organization‚ has been a Malaysian multinational from its foundation as it became a Malaysian
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This may be on account of a number of reasons like defects in goods‚ quality not matching the requirement for which the buyer purchased it‚ the buyer not needing the stock‚ etc. This happens both in case of goods purchased as well as goods sold by the organisation. Where the goods sold are being returned we call it "Sales Returns" and where goods purchased are being returned we call it "Purchase Returns" The transactions of return of goods are also accounting transactions and have to be recorded
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Annual Report and Accounts 2011/12 Contents Introduction 1 Financial highlights Business review 2 4 8 9 Chairman’s statement Chief Executive’s review Strategic approach – Team engagement Governance 22 Board of directors 24 Directors’ report 28 Corporate governance 35 Remuneration report Consolidated accounts 45 2011/12 consolidated accounts Company accounts 93 2011/12 Company accounts 12 – Customer heartbeat 15 – Profitable growth 17 – Good Together 18 Finance Director’s review
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| | | | |[pic]|monitoring policies | | CORRECT | | | | | | | Points Received: 4 of 4 Comments: 2. Question: Procedures designed to protect cash from theft and misuse from the time it is received until it can be deposited in a bank are called ________. Your Answer: | |[pic]|accounting controls | | | | |
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Project Description of the business simulated List of transactions Books of Original Entry: * The General Journal * Purchases Journal * Sales Journal * Returns Outwards Journal * Returns Inwards Journal * Cash Book * Petty Cash Book The ledgers: * Purchases Ledger * Sales Ledger * General Ledger Trial Balance Trading and Profit and Loss Account Balance Sheet Interpretation of Results: * Using account ratios * Comparison (beginning to end) Statement
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named Smith Consulting Firm was selected for the contract and after an in-depth analysis of the RMS; a modular and scalable RMS was selected. The REMS was installed in the first and subsequent Kudlers retail stores. An accounting system is very important to a business because the company needs to know how the business is doing; you want to have professional looking financial statements for your bank‚ potential vendors‚ or other interested parties. An account system is also important to process
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UNIT 2 HOMEWORK/REVIEW ASSIGNMENT TERMS AND QUESTIONS CH. 4-6 DIRECTIONS: In your notebook‚ identify the terms and answer the questions for each chapter. Make sure to number correctly and use specific details. This will be due the day of your Unit Multiple Choice Test on the chapters. Growth and Crisis in Colonial Society-Ch. 4 1. Paxton Boys 2. Regulator Movement 3. Johnathan Edwards 4. George Whitefield 5. Pontiac’s Rebellion 6. Edward Braddock 7. James Wolfe 8. William Pitt
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financial statement and closing entries. At first source documents‚ are things like invoice‚ credit note‚ debit note‚ cash bill‚ payment voucher‚ official receipt‚ cheque counterfoil and memo. All this document are related to financial transaction of the organization. The source document is essential to the bookkeeping and accounting process. It is the evidence that a financial transaction occurred. If a company is audited‚ source documents back up the accounting journals and general ledger as
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[15 × 2] (viii) What is a Certificate of Incorporation? (ix) (x) (xi) (xii) Define the term business ethics. Distinguish between advertising and publicity. What is grapevine? Explain any two methods of sales promotion. (xiii) Outline the steps involved in planning. (xiv) State two differences between Marketing and Sales. (xv) What is the impact of the political environment on a business? 1 ISC Specimen Question Paper 2013 PART II (70 Marks) Answer any seven questions. Question 2 A joint
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