Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington‚ D. C. 20549 FORM 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 2‚ 2013 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-12107 ABERCROMBIE & FITCH CO. (Exact name of registrant as specified in its charter)
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Question 1 For each of the following independent situations‚ compute net accounts receivable. a. Accounts Receivable has a balance of $14‚000. The Allowance for Uncollectible Accounts has a credit balance prior to adjustment of $300. An aging schedule prepared on December 31 reveals $1‚100 of uncollectible accounts. b. Accounts Receivable has a balance of $25‚700. The Allowance for Uncollectible Accounts has a debit balance prior to adjustment of $400. An aging schedule
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Transactions Show Journal entries to record the following transactions. Post them into appropriate Ledger Accounts and then extract a Trial Balance on 31st December‚ 2012: 2012 Jan 1st: Commenced business with cash Rs 1‚00‚000. Jan 10th: Bought office equipment worth Rs 40‚000. Jan 25th: Purchased goods worth Rs 25‚000; less 10% trade dis. on credit from Rahul. Feb 4th: Purchased office stationary worth Rs 500. Feb 9th: Paid premium for fire insurance Rs 5‚000 Feb 20th: Sold goods on
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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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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 gather data feed from other business systems to collect up-to-date business finances. The installed REMS came with the following Finance
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Similarities: Acquired by a business to gain profit or chances of investment Both current and non-current assets are recorded on the balance sheet Differences Current assets are intended for consumption of sale realised during a year Current assets is used for trading or transactions Current assest have direct results of the profit gained in the business such as bank balance Non-current assets are used for a longer duration (12 months) Non-current assets used for productive investment purposes
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involve a series of procedures in collection‚ processing‚ and communication of financial information. There are 7 basis steps of accounting cycle which comprise of source documents‚ prima entry‚ ledger‚ draft trial balances & financial statement‚ adjustments‚ adjusted trial balance & financial statement and closing entries. At first source documents‚ are things like invoice‚ credit note‚ debit note‚ cash bill‚ payment voucher‚ official receipt‚ cheque counterfoil and memo. All this
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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 and apply the information provided by accountants in making decisions. 2.0 COURSE OBJECTIVES Upon completion of the course‚ students are expected: 2.1 to understand on the basic accounting concepts; the accounting cycle andprocess; and 2.2 to understand the important and
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Introduction For Releases 11i to 12‚ this presentation describes the Oracle accrual processes for periodic (expense) and perpetual (inventory) Accounts Payables Accruals‚ also known as uninvoiced receipts or purchase clearing accruals. Accrual integration between A/P‚ Purchasing‚ WIP‚ Inventory and G/L is discussed. Setup and balancing steps‚ implementation and conversion issues‚ and frequent business issues are discussed. In addition‚ custom reporting is also explored‚ with SQL examples included
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The Walt Disney Company Please responds to the following: •The Walt Disney Company is in the following businesses: theme parks‚ Disney Cruise Line‚ resort properties‚ movie‚ video‚ and theatrical productions‚ television broadcasting‚ radio broadcasting‚ musical recording and sales of animation art‚ Anaheim Mighty Ducks NHL franchise‚ Anaheim Angels Major League Baseball franchise‚ books and magazine publishing‚ interactive software and internet sites‚ and The Disney Store retail shops. •Based
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