accounts payable owed as of the balance sheet date are included in the financial statements- Completeness(Do the balances contain all transactions for the period) 3. All purchase returns recorded in the general ledger are valid- Existence/Occurrence(Do the recorded accounts represent valid liabilities at the balance sheet date) 4. There is a risk that purchases made in the last week of the month might be recorded in the following period- Completeness(Do the balances contain all transactions for
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should be substantiated with relevant examples. (10 Marks) 2. Explain any two types of errors that are disclosed by trial balance with examples and rectification entry. Note - Avoid giving examples given in the self learning material. (10 marks) Nov 2010 3. Let us assume you have been recently appointed as Management Accountant of a small but upcoming firm. Your immediate supervisor has asked you to prepare certain financial ratios from the balance sheet of one of their clients M/s Vinod
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management system that is used extensively in business and industry‚ government‚ and non-profit organizations worldwide to align business activities to the vision and strategy of the organization‚ improve internal and external communications‚ and monitor organization performance against strategic goals. This is a tool to be used by managers to keep track of the execution of activities by the staff within their control and to monitor the consequences arising from these actions. The characteristic of the
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the Equality act‚ (2010) [When providing for learners they should all be treated equally despite] age‚ sex‚ sexual orientation‚ [maternity‚ class]‚ gender reassignment‚ [these people should never undergo] victimisation [or discrimination‚ and in some cases] reasonable adjustments should be made. As a teacher I will need to fully understand the exact term of the word equality and diversity before I try to promote and value these aspects to students. After looking these two words up in The Oxford
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essentially the ability to sense the position‚ alignment and movement of one’s body and its parts in space. For example‚ if your eyes were closed‚ you’d still know where your hands are without much thought due to proprioreception. Also when you are standing proprioreception allows you to be aware of where your limbs are and therefore you can make any necessary adjustments if you felt out of balance. This ability to know where your body parts are in 3-dimensional space is required for every movement we
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Ch. 5 | Balance of Payments and International Economic Linkages Balance of payments - accounting statement of the international transactions of one nation over a specific period of time (transactions between US residents and residents of all other countries during that year). Divided in different components: Current Account - purchases and sales of goods and services Financial Account - capital transactions Reserves Account - changes in official reserves Debit entry - purchase of domestic
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Journal of Business & Economics Research – November 2006 Volume 4‚ Number 11 Building Customer Value And Profitability With Business Ethics Robert C. McMurrian‚ University of Tampa Erika Matulich‚ University of Tampa ABSTRACT Firms assume ethical business practices only add costs to the firm. However‚ business ethics actually add value for customers and result in increased profitability and performance for the firm. INTRODUCTION D ue to constantly changing competitive environments
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Water Balance of Berkeley‚ California and Terre Haute‚ Indiana Johnny L. Luckett Excelsior College Abstract This paper discovers the water budget for Berkeley‚ California in comparison to Terre Haute‚ Indiana. The two cities precipitation differs throughout the twelve month calendar year where many of the heavy precipitation months are totally opposite. Berkeley California’s winters‚ where the majority of rain occurs and Terre Haute‚ Indiana where the rainfall is observed as
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Perfect Balance Politicians plagiarise. Most of the time‚ this plagiarism is allowed to slide by and never comes to anything besides a few unhappy people and a couple complaints. Recently‚ Montana Senator John Walsh was found to have committed plagiarism and he used three excuses before saying‚ “I made a mistake here and I’m going to move on” (Osnos‚ “Why Politicians Plagiarize”). Politicians tend to plagiarise because the consequences are so inconsequential that they add up to barely more than
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in the foreign exchange market? (a) Inter-bank trading (b) Government transfers (c) Sale of good and services (d) Government purchase of assets (e) Foreign imports Answer: A (2) A country’s current account (a) balance equals the change in its net foreign wealth. (b) balance equals the change in its foreign wealth. (c) surplus equals the change in its foreign wealth. (d) deficit equals the change in its foreign wealth. (e) None of the above. Answer: A (3) The aggregate money demand depends
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