An event occurred that did not exemplify best practice as a nursing student‚ and soon to be registered nurse was when I was administering medication last week on a respiratory floor. I had given my patient the medication‚ and realized there was no water at the bedside. I quickly went to get my patient water for her to swallow the capsules more easily from the bathroom. When I arrived back‚ she stated that she had already taken them. I had informed my preceptor and she advised me to look on her bed
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it will be recorded in the purchase journal‚ once it has been certified as a valid invoice. After the journal entries‚ the next step is to post the journal entries into account. Ledger Account also known as “T” Account and Account. Ledger accounts categorize these changes or debits and credits into specific accounts‚ so management can have useful information for budgeting and
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cakes‚ and I still gave her a small discount for being so nice as it was our mistake. Although she was not happy when she arrived‚ she left a very satisfied customer. Tell me about a time that you had a confusing interaction with a customer‚ and how did you clarify things? One day while working I had two cake orders that had the same last name. This is not unusual as we have many orders to fulfill especially on the weekends. The problem came when they picked up their cakes. The person working
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Why are accounts important To begin by why accounts are important‚ a person should first know what accounts actually mean. Accounts are financial records of an organization that register all financial transactions‚ and must be kept at its principal office or place of business. The purpose of these records is to enable anyone to appraise the organization’s current financial position with reasonable accuracy. Firms present their annual accounts in two main parts: the balance sheet‚ and the income
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INTRODUCTION ABOUT COMPANY TAKEN (i.e. AMRUTANJAN HEALTH CARE LIMITED: Particulars AMRUTANJAN HEALTH CARE Year of establishment 1936 Revenue for the current year 26.1749(USD in millions) Market Capitalization 1686.607351( RS. in millions) Industry Pharmaceuticals Total Income 1393.532573(Million rupees on year ending march 2013) Net Profit 121.196237 INTRDUCTION: There are two types of prospective financial statements. 1. Projected financial statement 2. Forecasted financial statement
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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 sales‚ purchase orders‚ invoices‚ payroll‚ and other business functions manually. The accounting system must be scalable‚ secure and
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partner ship deed? Can a company issue a share having face value of Rs 10 at Rs 8 Give two examples of ‘Capital receipts’. Give two circumstances in which sacrificing ratio may be applied (1) (1) (1). (1) (1) Show how you would deal with the following items in the final accounts of a club: (3) Debit credit Prize fund Prize fund Investments 1‚20‚000 Income from Prize fund Investments Prizes awarded 9000 Q7. 1‚20‚000 12000 A‚B and C are partners sharing profits and losses in the ratio of 1
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profit and unappropriated profit. what is the accumulated profit and why do accountants and bookkeepers use different names for the same thing? (6 marks) Accumulated profits is profits that are not paid as dividend but is transfered over to the accounts for the next year. Also can be used to reinvest in the core of the business to help pay off debts or to purchase a capital asset. The reasons why accountants and bookkeepers use different names for the same thing is because bookkeepers are the people
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Goods/Stock purchased or sold being returned is quite a common practice in business. 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"
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OUTCOMES At the end of this course‚ students should be able to know and understand: 3.1 the basic concepts of accounting; 3.2 the meaning‚ role and importance of accounting information; 3.3 the process of preparing financial statements; and 3.4 how the accounting information helps the management in making business decisions. 4.0 COURSE CONTENT NO TOPIC REFERENCE HOUR 1. 1.0 ACCOUNTING ENVIRONMENT 1.1 Definition of accounting. 1.2 Purposes of accounting‚ fields of accounting
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