workforce within the firm was assigned a value using an accounting model that calculates all of its employees’ collective worth. By doing this, Infosys has a significant commitment to investing in employees across all functions and levels of experience and the firm can take managerial decisions based on the availability and the necessity of human resources. After considering the influence of the human capital investment, the accounting equation should be revised as “assets = liabilities + owners' equity”
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An entrepreneur is defined by Peter Drucker as someone who actually searches for change, responds to it, and exploits change as an opportunity. This is what the owner of TecHost Solutions Pvt ltd did here in Gweru by printing T-shirts and designing wedding cards seeing an opportunity and he was creative enough to start cup printing which is a quality of an entrepreneur and an Advertiser. As a young aspiring marker l observed some activities during my visits at TecHost Solutions Pvt Ltd that matched
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AC113-Accounting-Unit 3-Assignments Exercise 2-21 (pg.70 &71) Describe how each transaction of Lucent Technologies Inc. affect the three elements of the Accounting Equation Assets Liabilities Stock Holders Equity a Received Cash from issuing stock Increase in stock holder equity and increase in asset of cash b Made cash sale Increase in Asset of cash c Received cash from issuance of long term debt Increase in Asset of cash and Decreased Liability
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credited, the revenue account is increased. 7. The normal balance of all accounts is a debit. 8. Debit and credit can be interpreted to mean increase and decrease, respectively. 9. The double-entry system of accounting refers to the placement of a double line at the end of a column of figures. 10. A credit balance in a liability account indicates that an error in recording has occurred. 11. The dividends account is a subdivision of the retained
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1. Question : (TCO 4) Your hospital has just been told that all of your cardiovascular surgeons are transferring their practice to a competitive hospital beginning next year. How would this affect a forecast of volume? Student Answer: First and foremost, if a hospital is suddenly lost all of its cardiovascular surgeons...heads will roll. However, if there are a major lost of service such as the cardiovascular surgeon...there will be a decrease in the volume due to the lost of services. Thus
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purchases | Gallons & Bottles | 30,000.00 | Loan to suppliers (credit terms – 30 days) | Office supplies | 3,000.00 | Cash purchases | Miscellaneous expenses | 1,500.00 | Cash purchases | TOTAL | 94,500.00 | | 6. Using the accounting equation: Assets=Liabilities + Equity, the above transactions are accounted as follows: | ASSETS | = | LIABILITIES | + EQUITY | INITIAL INVESTMENTS | 20,000 | = | | 20,000 | COST OF LAND (50 sq. m. x P4,000) | 200,000 | = | | 200,000 | ADDITIONAL
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EDUCATION, WINNEBA (COLLEGE OF TECHNOLGY EDUCATION, KUMASI) IMPROVING THE PERFORMANCE OF SECOND YEAR ACCOUNTING STUDENTS’ IN DOUBLE ENTRY PRINCIPLES THROUGH PARTICIPATORY METHODS OF TEACHING AND LEARNING: USING POPE JOHN SENIOR HIGH SCHOOL AND MINOR SEMINARY, KOFOFIDUA AS A CASE STUDY URIAH- ACQUAH PANFORD JUNE, 2015 IMPROVING THE PERFORMANCE OF SECOND YEAR ACCOUNTING STUDENTS’ IN DOUBLE ENTRY PRINCIPLES THROUGH PARTICIPATORY METHODS OF TEACHING AND LEARNING: USING POPE JOHN
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using the accounting equation. A business transaction is described as any event or exchange that has a financial impact on the business entity.. These transactions are recorded by accountants in many ways and are ultimately reported in financial statements. The basic rule of thumb in accounting is: assets equal liabilities plus owner’s equity (A = L + E). The entries and preparation of business transactions, and how they affect the entity’s operations, are generated using this equation. The equilibrium
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MISSIE DUNLAP HSM/260 DR. MARY JOHNSON WEEK 1 5/25/2013 1. GGAP- (Generally Accepted Accounting Principles) These are a set of rules, standards ,conventions, and procedures that were established by The Financial Accounting board for reporting financial information. www.investorworld.com 2. Basic accounting formula- Assets = Liabilities + Capital This formula is for double entry bookkeeping systems. This formula must always balance so that the company has the assets and
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Lizet Moreno Professor Allen October 7, 2013 Rich Dad Poor Dad In the book rich dad and poor dad basically was summons up that for an individual to be wealthy, one must aim to own the system or means of the production. In other words the book shows you how to strive for success, there is different types of ways to succeed like the book tells you. The rich dad and poor dad both had strong point of views in earning and succeeding in life, in my opinion I would have followed on the same footsteps
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