Introduction Although all accountants adopt the generally accepted accounting rules‚ each industry has its own characteristics. This is why analysts need specific knowledge about the industry so as to decide which set of accounting rules to apply to reflect the financial situation of the corporation best. And in the football industry‚ perhaps the main characteristics is the fluctuations in revenue and net income due to uncertainties in the industry. A team can earn a huge amount of money in this
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double-declining rate by the book value of the asset at the beginning of the period. Straight-line method - the same amount of depreciation is taken each accounting period. (Asset Cost – Salvage Value) / Useful Life = Depreciation Expense Units-of-Production – produces varying amounts of depreciation in different accounting periods depending upon the number of units produced. (Cost – Salvage Value) / Total Estimated Units of Production = Depreciation Charge per Units of Production
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Heath Ledger was born on 4 April 1979‚ in Perth‚ Western Australia‚ the son of Sally Ledger Bell (née Ramshaw)‚ a French teacher‚ and Kim Ledger‚ a racing-car driver and mining engineer‚ whose family established and owned the Ledger Engineering Foundry.[25][26][27] The Sir Frank Ledger Charitable Trust is named after his great-grandfather.[25] Ledger attended Mary’s Mount Primary School‚ in Gooseberry Hill‚[28][29] and later Guildford Grammar School‚ where he had his first acting experiences‚ starring
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March 5‚ 2013 Heath Ledger Heath Ledger was born‚ Heathcliff Andrew Ledger on April 4‚ 1979. He was born in Perth‚ Western Australia‚ Australia to mother Sally Ledger Bell‚ a french teacher‚ and father Kim Ledger‚ a racecar driver and mining specialist. He and his sister‚ Katherine‚ were reportedly named after two main characters in Emily Bonte’s Wuthering Heights. He also had two half sisters: Ashleigh Bell and Olivia Ledger. Ledger’s first acting role was‚ Peter Pan at the age of only 10 in a
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remittances to the cashier. The cashier prepares a listing of the cash receipts and forwards a copy of the list to the accounts receivable clerk for recording in the accounts. I think that this could be weak because what I think should happen is that the mail clerk should make the list of the receipts and send it to the manger or supervisor where then it is sent to the account receivable clerk for recording. I think by the mail clerk to just send it to the cashier could leave room for errors or
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Fallen Knight Some people can remember where they were the day President Kennedy was assassinated and most can remember every detail of September 11‚ 2001‚ but the most vivid memory I have is the day Heath Ledger died. I know it sounds a little dramatic‚ but I swear my heart was ripped from my throat and I cried like a baby. I was in shock and to tell you the truth‚ I still am. Knights aren’t supposed to die; they are supposed to live forever. I know now that it was all a fairy tale because
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receivable. I.e. Earned conducting business and club income. E.g. Membership fees‚ sale of refreshments‚ donations‚ etc. Not sale of assets. Gain to club. Increase surplus. Answer: -membership fees -entrance fees -sale of refreshments -sale of uniforms Question Two: Definition of Expenditure: Refers to the amounts paid or payable. Normally incurred while running the club. Necessary to generate income. Either used up
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company bank account it gets recorded‚ so every time a company makes a payment from their account the cash payments journal is used. What is a subsidiary ledger and what purpose does it serve? An addition to‚ and an expansion of‚ the general ledger is known as a subsidiary ledger. When a group of accounts have common characteristics it is known to be a subsidiary ledger. A subsidiary ledger serves the purpose of keeping the details of the individual balances off the general ledger. What is
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Sales Journal Invoice no. Folio Amount 2014 $ 02-Mar M. Davis 2‚890 06-Mar G.Hinkson 3‚560 P. Wendell 1‚470 19-Mar T.Rudder 930 transferred to sales account 8‚850 Jackie’s Grocery Sales Ledger Date Details Folio $ Date Details Folio $ M.Davis A/c 2014 02-Mar Sales 2‚890 G.Hinkson A/c 06-Mar Sales 3‚560
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Special Journals and Subsidiary Ledgers The four different types of special journals are sales journal‚ cash receipts journal‚ purchase journal‚ and cash payments journal. Special journals reduce the time needed to complete the posting process and they permit greater division of labor‚ this allows several people to record entries in different journals at the same time. When a transaction cannot be recorded in a special journal it is recorded in a general journal. A sales journal would
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