Balance of Payments MEANING : Balance of payment can be defined as systematic record of all economic transactions between the residence of one country and the residence of another country during a given period of time.Economic transactions can broadly be categorized in to four heads which are: 1. VISIBLE ITEMS : visible items include all those tangible goods which can be imported and exported. These are visible as they are made up of some matter or material. this is known as merchandise also.
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ACCOUNT BALANCES For many purposes‚ it is necessary to determine the balance in an account. This is accomplished by adding the debits‚ credits‚ and determining the difference between the two sums. An account is said to have a debit balance if the sum of the debit entries to that account exceeds the sum of the credit entries. Conversely‚ an account has a credit balance if the sum of the credit entries exceeds the sum of the debit entries. Asset accounts normally have debit balances inasmuch as
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COURSE 2 - The Balance Sheet The balance sheet (also called statement of financial position) reports the financial position of the business at a point in time. It does so by listing the categories and amounts of assets‚ liabilities and equity on a specific date‚ in a format that proves the fundamental accounting equation. ASSETS = EQUITY + LIABILITIES or ASSETS – LIABILITIES = EQUITY Formats of presentation Regardless of
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BALANCE OF PAYMENT (BOP) Introduction: Balance of payments (BOP) is a record of economic transitions between the residents of one country and the rest of the world during one year. The balance of payment like all balance sheets must balance. The items‚ which lead to‚ an inflow of foreign earnings are placed on the credit side of the balance sheet‚ whereas the items‚ which give‚ rise to an outflow of foreign currency are placed on the debit side. Definition: “Balance of payment is a systematic
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The balance sheet‚ income statement and cash flow statement are closely related. Basically‚ a balance sheet describes a company’s assets‚ liabilities and stockholder’s equity in a specific period of time. An income statement mainly shows the net profits or loss of a company. The purpose of the income statement is to show stockholders and investors whether the company earned or lost money. A cash flow statement explains cash inflows and outflows. Each financial statement reveals a part of a company’s
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treatment Sepsis has been defined as a suspected or proven infection that has entered the blood stream‚ and has the clinical manifestations of what has been termed the systemic inflammatory response (e.g.‚ fever‚ tachycardia‚ hypotension‚ and elevated white blood cell count termed leukocytosis) (Dellacroce‚ 2009‚ p. 17). Sepsis can be a result of any infection in the body that has triggered this systemic inflammatory response. Often times especially in the elderly it might be a result of an untreated urinary
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| Company: World Balance International‚ Inc. I. Company Profile A. History In October 14‚ 2008‚ World Balance International was introduced to the market‚ which aims to distribute and market top and excellent quality footwear and apparel worldwide under its brand. B. Company’s Product and Services World balance features a variety of footwear to provide Filipino men and women with more options
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She Did What to Her Body? Since the dawn of time‚ women have changed their appearances. Whether it be a new hairstyle‚ make-up‚ or clothes‚ the options for individuality and beauty seem endless today. Women on average spend $217 on makeup‚ $417 on body care products‚ $1‚069 on clothing‚ and $250 on shoes for a total of $1‚953 per year (Parker). That ’s $1‚953 per year on appearance items that most women won ’t even keep or use the following year. It is also just the tip of the disposable beauty
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Freak! Weirdo! That was what most people covered in tattoos and body piercing were nicknamed in an era gone by. Today‚ this widely common phenomenon is widely spread from young adolescence to the older generations and some still carry those nicknames. Tattooing and body piercing has come along way since the time of un-sterilized and unsanitary practices. Body piercing and tattoos are becoming a favorable form of self expression; one should consider the precautions and safety risks before
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What of Embalming Fluids? Our earliest knowledge of when/where embalming first occurred was around over 5‚000 years ago in Egypt. Then‚ embalming was used for religious purposes and to keep the body from decaying until Christianity began to dominate; Embalming purposes were turned into being used for body preservation for dissection and studying. In the U.S though‚ there originally wasn’t any true way of embalming for funeral reasons. Originally we just used ice in order
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