handling‚ proper storage and accuracy in accounting during issue are of paramount importance in the efficient operation of the Store House. 1.1. The task of stores management relates to safe custody and preservation of the materials stocked and their receipt‚ issue and accounting. The objective is to efficiently and economically provide the right material at the time when it is required and in the serviceable condition in which it is required. 1.2. Efficiency in the store starts with precise forecasting
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ECO-02 Bachelor’s Degree Programme (BDP) ASSIGNMENT 2012-13 Elective Course in Commerce ECO-02: ACCOUNTANCY–1 For July 2012 and January 2013 admission cycle School of Management Studies Indira Gandhi National Open University Maidan Garhi‚ New Delhi-110 068 Elective Course in Commerce ECO-02: Accountancy–1 ASSIGNMENT – 2012-13 Dear Students‚ As explained in the Programme Guide‚ you have to do one Tutor Marked Assignment in this Course. Assignment is given 30% weightage in the final
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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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for expenses‚ which are unreasonable. • Be properly substantiated The Foundation requires original receipts in the case where an employee is reimbursed for a portion of the expenses from University sources. In these instances‚ a copy of the receipt and the State reimbursement form will be accepted. Otherwise‚ the Foundation will not reimburse for expenses‚ which lack original receipts. Credit card statements are
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CHAPTER I PROBLEM AND SETTING 1.1 INTRODUCTION Man has come a long way in doing business transactions with each other. From the primitive ways of exchanging goods or “barter system”‚ to the more complex “e-commerce” or doing business transactions with the help of the internet. With technology rapidly changing and upgrading every now and then‚ companies must adopt to be able to excel in each business’s “cut-throat” competition. Automation of one’s point of sale and inventory system
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a client has had more than one service engagement‚ one payment can be submitted for all of the engagements). Clients NEVER make partial payments. Although the vast majority of cash receipts come from clients for service engagements‚ some cash receipts come from other sources (e.g. bank loans). Every cash receipt is processed by exactly one of J&B’s several cashiers and is deposited into one of J&B’s bank accounts. Information about service types‚ cashiers‚ engagement employees‚ and clients will
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based inventory management system that performs the functions of Purchases‚ Sales and payments. This system will guide you through the creation of vendors list‚ purchase orders‚ products list‚ receiving lists‚ sales orders‚ invoices‚ sale and payment receipts. This is in addition to transfer orders between locations‚ customers and vendors balances and various types of reports for monitoring your business . SiNetInSy: 1. The simple intuitive interface. You can proceed with the work without referring to
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Indians Vicente Salon Virtual PCs Insurance Flooring BGSU Theater Box Office Applebee’s Merry Maids 2004 - Dwayne D. Gremler Insurance Service -Parking Lot * -Office Building Physical Evidence -Money -Telephone -Meeting Room -Receipt -Insurance Policy -Paperwork -Photos -Claim Check Customer Visit Office Line of Interaction Phone Calls to Office Face to Face * Meetings Payment for * Documents Contact Person Line of Visibility Employees
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after forecasting the receipts and payments‚ the management will have knowledge about the cash position of the firm. After knowing the cash position‚ the management should work out the basic strategies to be employed to manage its cash. The strategies of cash management are essentially related to the cash turnover process‚ that is‚ the cash cycle together with the cash turnover. The cash cycle is the amount of time cash is tied up between payment for production inputs and receipt of payment from the
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irregularities‚ which could occur as a result. The case study details a considerable number of potential flaws and control weaknesses‚ which exist in the present system. These fundamentally relate to a lack of check and balance in terms of cash receipt‚ which potentially exposes the cash collection system to considerable risk (Millichamp and Taylor‚ 2008). These control weaknesses are detailed below along with the resulting potential for irregularities in the system. Failure to file cash invoices
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