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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record keeping What is recordkeeping? Recordkeeping is the making and maintaining of complete‚ accurate‚ reliable evidence of business transactions. Why is recordkeeping important? Good business requires good recordkeeping. In competitive business environments and strict accountability structures‚ it is vital that organisations have the evidence and information they need to drive and support their business operations. ------------------------------------------------- What are recordkeeping systems
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decision-making process | Accounting process | Follows a full process of recording‚ classifying‚ and summarising for the purpose of analysis and interpretation of the financial information | Cost accounts are not preserved under Management Accounting but analyses necessary data from financial statements and cost ledgers. | Legal/rules | Drafted according to GAAP - General Accepted Accounting Procedure. | Drafted according to management suitability. | Users | External users‚ such as shareholders‚ bank
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UNIVERSITI UTARA MALAYSIA UUM COLLEGEOF BUSINESS SCHOOL OF ACCOUNTANCY COURSE CODE : BKAL1013 COURSE : BUSINESS ACCOUNTING PRE-REQUISITE : NONE 1.0 COURSE SYNOPSIS This course is designed specifically for students from non-accounting disciplines. It is divided into two sections‚ i.e. financial accounting and management accounting. Students will be exposed to accounting concepts‚ principles and assumptions. They would be able to assess
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Fixtures and fittings $000 $000 250 100 350 Current Assets Stock Debtors Cash Current Liabilities Creditors for supplies Accruals Bank 1540 820 3 2363 1210 192 203 1605 758 1108 25 910 Share capital – Ordinary shares Retained profits Loan accounts – Bracket Racket 104 69 173 1108 The company accountant resigned at the beginning of April 2002 and proper records were not kept for the six-month period 1 April to 30 September 2002. The following information is available for that six-month period
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The disadvantages of keeping prairie dogs as pets far outweigh the advantages. But the cuteness factor of these unique creatures keep the pet trade moving along with more and more people wanting prairie dogs as pets. Before you take on one of these animals into your care‚ you should weigh all of the factors of ownership so there will be no surprises once the prairie dog is in your home. Advantages Without a doubt‚ the cuteness and uniqueness factors of the prairie dog are what interest people
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Record keeping and marketing 1. Livestock consumption 2. Sow and litter performance record 3. Feed consumption 4. Beer performance recorf 5. Sow breeding performance record 6. Summary of mortality report Kinds of rules 1. Berch rule – it’s a one peace rule made of one or two feet length commonly used in shape of school 2. Two – feet folding rule – it’s the typical carpenter rule that is folded for convenience for carrying in the pocket 3. Zigzag rule – its
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Keeping Fit? Strength is the muscle’s ability to exert force. Although we equate large muscles with strength‚ that is not necessarily so. Strength is not directly proportional to the size of a muscle. First‚ you need to decide which muscles you want to strengthen‚ then find the best way to exercise those muscles so they will respond with increased strength. Then keep increasing the weight load to challenge the muscles. For instance‚ add 1 pound now and another pound in a month‚ and so on. The more
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m.Module 3 CAPITAL BUDGETING Meaning of Capital Budgeting :- Capital Budgeting is the process of making Decisions regarding long term investments in Fixed Assets which are not meant for sale. It is long range planning to employ the available capital for the purpose of maximizing the long term profitability of the concern. Definition of Capital Budgeting:- Prof I.M.PANDEY Defines Capital Budgeting as the firms decision to invest its current funds most efficiently in long term activities
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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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