Assisnment PrintView Page of 12 I C*N,WL awar0: 4 t . 10 points priceof purchased with an invoice taos Company merchandise resalefrom TusconCompany for Taospaidwithin the n160. merchandise costTuscon The had and termsof 2110, $14,322. $21,000 credit period. inventory system. Assume bothbuyer seller a perpetual that and use discount (Omit the "$" sign in your l(a)Prepare entriesthat the buyershouldrecordfor the purchase. response.) General Journal Merchandise inventory payable lAccounts
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CUSTOMER RELATIONSHIP MANAGEMENT ASSIGNMENT CINEPLEX ENTERTAINMENT: THE LOYALTY PROGRAM SUBMITTED BY: FAHD AHMAD ABBASI (2010-NUST-EMBA-17) NUST BUSINESS SCHOOL NATIONAL UNIVERSITY OF SCIENCES AND TECHNOLOGY Date: 27th November, 2011 INTRODUCTION Based on the “Cineplex Entertainment : The Loyalty Program” Case Study the following question needed to be answered: Question No. 03: What is the likely increase in Cineplex Entertainment Revenue from your proposed Incentive Program @
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can only be obtained if both cash and credit transactions are performed and recognized and recorded in such a manner that there is no duplication and yet the transactions are recorded under the commercial accounting. It is done in a system known as double entry book keeping or commercial accounting system which records both aspects of transactions. It also records credit transactions in cash accounting date of receipt. In commercial accounting the date in which the transaction was made needs to be
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Research (1980s) Evolution of Double-Entry Book Keeping * Early History of Accounting * 4500-3600 BC -Chaldean Babylonion -Assyrian and Sumerian Egyptian -Chinese( Chao Dynasty) -Greek -Roman * 11th to 13th century -Italian Renaissance * Luca Pacioli’s Contribution * Introduction of double-entry book keeping, Dr and Cr were used for entries to secure double entry. * Three book are used: -memorandum -journal -ledger * Development of double entry * 16th Century:
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listed in the credit column,4) a brief description may be entered below the credited account, 5) the Posting Reference column is left blank when the journal entry is initially recorded, when transferring to the ledger, this column will be utilized. In double entry accounting the debits must equal the credits. The second step in the accounting cycle is to post. When posting we transfer the debits and credits from the journal to the ledger. This is done by 1) the date of the journal entry is entered
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Here are what your journal entries should be: Mar 1 Debit Cash and Credit Common Stock for $72,000 Mar 1 Debit Rent Expense and Credit Cash for $4,500 Mar 1 Debit Prepaid Insurance and Credit Cash for $3,300 Mar 7 Debit Supplies and Credit Accounts Payable - Paarkview Company for $900 Mar 10 Debit Salaries Expense and Credit Cash for $2,200 Mar 14 Debit Equipment for $9,000 Credit Cash for $1,500 Credit Accounts Payable - Hammond Company $7,500 Mar 15 Debit Cash and Credit Landscaping
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* Explain current practice to better understood accountant and non-accountant * Evaluate practice, provide frame and reference to judge current practice. * Facilitate the development of future practice Purpose Early History First double entry books known to exist are Massari of Genoa, 1340 Definition of Accounting Theory Age of record keeping Aimed at maintaining intergrity and discovering missappropriation Using Arabic numbers. More easy and slowly it prevailed. A
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Today’s modern accounting systems implement basic accounting needs while at the same time offering increased correctness in tracking trends, enabling partnership, and giving quick access to data. Computers run everything from home to work. Computerized solutions offer faster transaction processing and better classification of data while at the same time growing the range of input data that give a clearer and more complete picture of a company’s financial bottom line. Modern accounting systems
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Accg100 Accounting 1A Lecture Notes Staff version Semester 1, 2014 Table of Contents Lecture Notes Week 1: Week Week Week Week Week Week Week Week Week Week 2: 3: 4: 5: 6: 8: 9: 10: 11: 12 Introduction to Accounting, Ethics, Business Entities, Financial Statements Accounting for Transactions –Part 1 Accounting for Transactions –Part 2 Accounting for Adjustments- Part 1 Accounting for Adjustments- Part 2 Completion of Accounting Cycle Accounting Systems Revision Chapters 1 - 4 Accounting
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Health Care Case Study: Financial Statements University of Phoenix Health Care Financial Accounting HCS/405 December 06, 2010 Health Care Case Study: Financial Statements This paper is a health care case study of financial statements for Patton-Fuller Community Hospital. This summary is a review of the annual report and financial statements and the differences between the audited and the unaudited statements. The financial ratios are examined to determine if there has been improvement
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