DL1 Say aloud rhymes or sing songs with guidance Evidence B1 DL1 E1 Able to follow any of the following: Repeat rhymes after the teacher Sing along with the teacher Sing in groups Activities Steps : a) Listen to ‘Head and shoulders’ song b) Sing along with the teacher c) Sing in groups Name : _______________________ Date :_______________ Class : _______________________ Reference : B1 DL1 E1 Instruction : Sing a song. Head and shoulders Head and shoulders
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ACCOUNTING EQUATIONS 1. Show the accounting equation for the following transaction (i) Ram started business with cash 20000‚ stock 50000‚ building 30000 (ii) Sold goods to Amit for cash 20000 and credit 15000 (iii) Paid rent 500 and rent outstanding 150 (iv) Sold goods costing 12000 for Rs. 15000 (v) Accrued commission 2000 (vi) Furniture purchased from Lalit 12000 and paid 3000 in cash (vii) Received from Amit 13500 in full settlement (viii)
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THE ACCOUNTING EQUATION The accounting equation can be described as of the basis of accounting. This is because it describes the double entry principle of book-keeping. It is a representation of how funds are raised to finance Assets. The equation is illustrated below: Asset = Capital + Liabilities For example‚ a girl needs to buy a laptop costing £500. She already had £250 in personal savings and then took a loan of £250 from her boyfriend. Here is the equation again: Asset Capital
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transactions into the accounting cycle. The second objective is to enable them record adjustments and post them to the General Ledger The third Objective is to enable them prepare accurate Income Statements and Balance Sheets. INSTRUCTIONS: Each group is required to 1. Journalize the transactions 2. Post the transactions from journal to ledgers. 3. Prepare a trial balance 4. Journalize the adjusting entries and post them to the General Ledger 5. Prepare post adjustments trial
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Unit 4 E1 There are 4 main laws that underpin the provision of health‚ safety and secure environments for early years settings. The Health And Safety act 1974 is one of these. This act states that buildings should be in good condition and they should be designed for the safety of the users. The buildings and its surroundings should be clean and safe‚ if any equipment is used it must be used safely and stored safely. Health and safety must be promoted to children. This law was put in place to
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Week One Exercise Assignment Basic Accounting Equations 1. Recognition of normal balances The following items appeared in the accounting records of Triguero ’s‚ a retail music store that also sponsors concerts. Classify each of the items as an asset‚ liability; revenue; or expense from the company ’s viewpoint. Also indicate the normal account balance of each item. a. Amounts paid to a mall for rent. b. Amounts to be paid in 10 days to suppliers. c. A new fax machine purchased for
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Running head: ACCOUNTING CYCLE PAPER Accounting Cycle Paper ACC/421 Intermediate Financial Accounting I University of Phoenix January 10‚ 2011 Accounting Cycle Paper When making decisions‚ businesses must provide and be able to gather relevant and accurate financial information. Being able to gather and understand this information helps companies make the best informed decisions for business operations‚ which can only benefit the company. When it comes to gathering the information
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Accounting Principles: A Business Perspective‚ Financial Accounting (Chapters 1 – 8) A Textbook Equity Open College Textbook originally by Hermanson‚ Edwards‚ and Maher Fearless copy‚ print‚ remix(tm) www.textbookequity.com www.opencollegetextbooks.org ISBN-13: 978-1461088189 ISBN-10: 1461088186 License: CC-BY-NC-SA p. 1 of 433 About This Publication Simply put‚ you may copy‚ print‚ redistribute‚ and re-purpose this textbook or parts of this textbook provided that you give attribution
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account for its merchandise. On May 1‚ it returned $50 of merchandise due to a defect. Assuming that the purchase was originally bought on credit‚ demonstrate the required journal entry. -Account Payable DR: 50 -Merchandise inventory CR: 50 On June 5‚ X-mart purchased $400 of merchandise with terms of 2/10‚ n/30. If payment is made on June 11‚ calculate the purchase discount that may be taken by X-mart. 400*.02=$8 FOB destination: The seller is responsible for the shipping costs of merchandise sold
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Research ISSN 1450-223X Issue 4 (2009)‚ pp36-44 © EuroJournals Publishing‚ Inc. 2009 http://www.eurojournals.com/ajsr.htm Accounting Information Systems (AIS) and Knowledge Management: A Case Study Zulkarnain Muhamad Sori Department of Accounting and Finance‚ Faculty of Economics and Management Universiti Putra Malaysia Abstract This study seeks to examine the use of Accounting Information Systems (AIS) by ZBMS Sdn. Bhd.‚ and it’s contribution to the knowledge management and strategic role of the
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