PROJECT REPORT ON “” GROUP MEMBERS:- UNDER THE GUIDANCE OF Customer Data Entry 1 ACKNOLEDGEMENT It gives us great pleasure in presenting this project titled “CUSTOMER DATA ENTRY”. We are pleased with our collage’s teaching & non teaching staff members‚ who have been very much helpful and kind
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What are the major advantages of the use of books of prime entry? There are many major advantages of using prime entry for varying entries. The first advantage is that it helps to keep the records briefly as it is difficult to manage every single transaction in the main ledger as it occurs. Another advantage of using prime entry of accounting makes it easy to follow transactions and avoids the confusion occur if all of the different information was in one place. The separated information saves the
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Just last month‚ a major summit was held at the United Nations headquarters to review the progress made by countries on the Millennium Development Goals MDGs‚ especially in view of the fact that 10 of the 15 years target set by the world body for attaining the target have just reeled by with the attendant skepticisms as to whether it is indeed realizable. 10 years after this noble initiative to improve the lot of mankind‚ the debate has continued on whether these impoverished countries‚ the primary
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On Friday‚ March 28‚ 2003‚ Richard Okumoto intently studied a set of hard-copy accounting documents called “adjusting journal entries” spread out on his desk. He had been appointed chief financial officer (CFO) of Electro Scientific Industries‚ Inc. (ESI)‚ a multi-million dollar equipment manufacturer‚ just a few weeks earlier. Okumoto was in the midst of closing the company’s books for the third quarter of fiscal year 2003‚ which ended February 28. An experienced executive who had served
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First of all‚ according to Vinod (2008 -2013) books of prime entry are books where transactions are first recorded. These may or may not be part of the double system. These are not accounts; they are simply books that record details of transactions. Books of prime entry are also known as books of original entry / subsidiary book/ daybooks among others. In any organization where company’s buy and sell goods‚ will need to divide the journal into subsidiary books. And they are as follows: Sales
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Adjusting Entries – Examples Let’s work with some examples. We are working with a one year accounting period that ends on 12/31/X2. Let’s use a three step process. Step 1 – Analyze the transaction. Step 2 – Record in the journal. Step 3 – Post to the ledger. Example 1: On 12/31/X2 (before the adjusting process)‚ Supplies‚ an asset‚ has a balance of $2‚500. Employees take a physical account of the supplies on hand. That physical count reveals that $1‚200 of supplies remains. Step 1 ‐‐ The balance
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Christopher M Melton Senior Research Paper March 2‚ 2010 Key Factors to Consider when Deciding on a Mode of Transport It is Friday evening and you have just sat down at the fireplace after a wonderful meal. You and your spouse open a bottle of your favorite Italian wine and sip away. All the time you are sipping away I bet you never thought once about how that exquisite bottle of wine made it to your living room. Most likely it’s travels involved something like this……a truck
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CHAPTER ONE INTRODUCTION 1.0 BACKGROUND INFORMATION TO THE STUDY The study of profits is important not only because of the information it provides about the health of the economy in any given year‚ but also because profits are a key determinant of growth and employment in the medium-term. Changes in profitability are an important contributor to economic progress via the influence profits have on the investment and savings decisions of companies. This is because a rise in profits improves the cash
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Using suitable examples define barriers to entry. Explain how barriers to entry affect our firm’s profits. Before a firm can compete in a market‚ it has to be able to enter it. Many markets have at least some impediments that make it more difficult for a firm to enter a market. A debate over how to define the term “barriers to entry” began decades ago‚ however‚ and it has yet to be won. Some scholars have argued‚ for example‚ that an obstacle is not an entry barrier if incumbent firms faced it when
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double entry accounting system‚ a business transaction affects at least two accounts and the debit and credit amounts recorded for the affected accounts must be balanced. These transactions will be recorded in the appropriate books of accounts. Business entities develop a chart of accounts‚ a list of account titles with their corresponding account codes that the business will use in recording and posting in the books of accounts and in reporting in the financial statements. Double entry system:
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