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 : 2: 3. They have omitted interest
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Prohibition Fast Facts ● So convinced were they that alcohol was the cause of virtually all crime that‚ on i the eve of Prohibition (19201933)‚ some towns actually sold their jails. ● During Prohibition‚ temperance activists hired a scholar to rewrite the Bible by ii removing all references to alcohol beverage. ● The Ku Klux Klan (KKK) strongly supported Prohibition and its strict iii enforcement. ● Because the temperance movement taught that alcohol was a poison‚ supporters insis
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the laws and regulations that were brought into play at this time. One of the most prominent examples of this was prohibition. The 18th Amendment to the Constitution‚ also known as the Volsted Act‚ which got its name from its sponsor‚ Representative Andrew Volsted of Minnesota‚ was created to eliminate the use of alcohol in the United States. In doing this‚ the proponents of prohibition hoped to end the social problems associated with alcohol‚ such as domestic abuse. "It was an attempt to promote Protestant
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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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-Anonymous Historians used to opine that the Mongol’s success was a result of their overwhelmingly large armies. They proved to be superior to all their enemies‚ across the globe‚ having rarely lost a dramatic battle. Quality‚ not quantity‚ was the key to the incredible unbroken chain of Mongolian military successes. In the following essay‚ I will discuss the aspects of the Mongolian army’s character and assess the reasons for its success. Chain of command. While the final word came from the supreme
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revolutionary‚ civil‚ or world war can penetrate deep enough into America’s heart. What could possibly be the answer to America’s success? Is it the estimated eight thousand nuclear warheads the United States carries in its arsenal? Or is it the American diet (full of Whoppers and Big Macs) that provides the nutrients to power our soldiers? Neither of these are the reason for America’s constant improvement. The truth to America’s success is through acts of terrorism. That’s right‚ terrorism! A key that unlocks
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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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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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Success‚ what is it? If you were to ask someone today what their definition of success is‚ you might get a much different answer than of someone one hundred years ago‚ you might even get a completely different response today. The truth is peoples’ aspirations and values are ultimately determines the answers you will receive. For example‚ some may consider wealth to be success‚ and for some it could be fame. Regardless of what you define it as‚ all success stories have three elements in common. These
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