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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Goods/Stock purchased or sold being returned is quite a common practice in business. This may be on account of a number of reasons like defects in goods‚ quality not matching the requirement for which the buyer purchased it‚ the buyer not needing the stock‚ etc. This happens both in case of goods purchased as well as goods sold by the organisation. Where the goods sold are being returned we call it "Sales Returns" and where goods purchased are being returned we call it "Purchase Returns"
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Curley Ex RR-10/01/10 The Brief Account of the Devastation of the Indies Bartolomé De Las Casas describes many horrific actions carried out by Spanish Christians against Indians living on the island of The Hispaniola in between the mid-16th and early 17th century. Bartolome De Las Casas was a 16th century Spanish priest‚ made famous for his advocacy of the rights of Native Americans. Las Casas lived from 1484 to July 17th‚ 1556. He is the Author of The Brief Account of the Devastation of the Indies
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forms are to be submitted to the Head office on or before 15th August’2013. The Board recommends a vote for the following Resolutions: 1. To receive‚ inspect and approve the Balance Sheet as on March 31‚ 2012 and also to check the Profit and Loss Account for the year ended. 2. To appoint a Company Secretary in the place of Mr. Rajan who is willing to retire. 3. To appoint an Addition Director having a shares of 10000 shares at the rate of 200/share. 4. To appoint Auditors of the Company. 5. To
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budget packages are often designed to stimulate economic growth. From the library or from www.whitehouse.gov‚ obtain a current summary of government spending and tax legislation signed by the president. •Write a brief description of the fiscal policy of the United States. •Would you describe it as "expansionary" or "contractionary"? •How can American consumers influence decision makers on fiscal policies? •Explain and discuss if and how this has changed over the past 5 years For the last several
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towards Goodwill on his admission? List any two contents of a partner ship deed? Can a 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
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1.2 Describe with examples how different aspects of development can affect one another. There are many examples that can describe how different aspects of development can affect one another. Most of the time one aspect will lead to another and for example playing hide – and - seek will require all of the areas of development. A child needs to run to a hiding place or walking to find someone – those moves will develop child’s physical development; social‚ emotional and behavioral development will
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Introduction Write a reflective account that evaluates your own contribution to the health and safety needs of individuals whom you have worked with in your placements over the last 9 months. Reflections - Domiciliary Care Work. The purpose of reflection stated by (John‚ 1995) “ is to promote desirable practice through the practitioner’s understanding and learning about his/her lived experiences”. The key laws and policies that have an impact on my work as a social care worker are The Health and
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profit and unappropriated profit. what is the accumulated profit and why do accountants and bookkeepers use different names for the same thing? (6 marks) Accumulated profits is profits that are not paid as dividend but is transfered over to the accounts for the next year. Also can be used to reinvest in the core of the business to help pay off debts or to purchase a capital asset. The reasons why accountants and bookkeepers use different names for the same thing is because bookkeepers are the people
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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 and Accounting Financial Modules: General Ledger Module‚ Accounts Payable Module‚ POS module‚ Bank Reconciliation Module‚
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