Join Our WhatsApp Channel for Updates!
BAC 200 Accounting For Assets
| Institution | University |
| Course | Bachelor of Commerce |
| Year | 2nd Year |
| Semester | Unknown |
| Posted By | Preston Junior Ayieko |
| File Type | |
| Pages | 80 Pages |
| File Size | 720.74 KB |
| Views | 1444 |
| Downloads | 1 |
| Price: |
Buy Now
 Buy via
whatsapp
|
Description
A conceptual framework is like a constitution. It is a coherent system of interrelated objectives and fundamentals that can lead to consistent standards and that prescribe the nature, function and limits of financial accounting in financial statements. A conceptual framework is essential in that to be useful, standard setting should be built on and relate to an established body of concepts and objectives. In addition new and emerging practical problems should be quickly solved by reference to an existing framework of basic theory
Below is the document preview.
HBC 2101: CONTROL ACCOUNTS
Trending!
Control accounts are so called because they control a section of the ledgers. By control
we mean that the total on the control accounts should be the same as the totals on the
ledger accounts. There are two main types of control accounts:
11 Pages
3060 Views
0 Downloads
253.08 KB
HBC 2101: ACCOUNTING FOR TRANSACTIONS
Trending!
HBC 2101 Introduction to Accounting I - ACCOUNTING FOR TRANSACTIONS
50 Pages
2842 Views
0 Downloads
2.11 MB
HBC 2101: BANK RECONCILIATION STATMENTS
Trending!
The cashbook for cash at bank records all the transactions taking place at the bank i.e. the movements of the account held with the bank. The bank will send information
relating to this account using a bank statement for the firm to compare. Ideally, the records as per the bank and the cashbook should be the same and therefore the balance carried down in the cashbook should be the same as the balance carried down by the bank in the bank statement.
11 Pages
3037 Views
0 Downloads
134.71 KB
HBC 2101: Accounting principles and concepts
Trending!
Qualities of Useful Financial Information. The four principal qualities of useful financial information are understandability, relevance, reliability and comparability.
45 Pages
2823 Views
0 Downloads
1.04 MB
HBC 2101: ACCOUNTING FOR MERCHANDISING OPERATIONS
Trending!
Income Statements
Single-step income statement
Multiple-step income statement
Gross Margin = Gross Profit = Net Sales – Cost of Goods Sold
Gross Margin ratio = Gross Margin / Net Sales
25 Pages
3759 Views
0 Downloads
62.17 KB
HBC 2101: Accounting Principles Second Canadian Edition
Trending!
A merchandising company is an enterprise that buys and sells goods to earn a profit.
1. Wholesalers sell to retailers.
2. Retailers sell to consumers.
25 Pages
2852 Views
0 Downloads
265.27 KB
HBC 2101: Accounting Basics
Trending!
In accounting, there are two types of accounts: debit accounts and credit accounts. Under normal accounting circumstances, debit accounts have a positive balance and credit accounts have a negative balance. Along these same lines, each accounting transaction requires two entries: A debit entry and a credit entry. This is called double entry accounting.
2 Pages
3220 Views
0 Downloads
63.1 KB
CILS 2101: COMMUNICATION AND INFORMATION LITERACY SKILLS - full notes
Trending!
Welcome to Communication Skills! All human relations, be it formal or
non-formal, official or unofficial are created, developed and sustained through com-
munication. As such it is not only important to carry out communication as a means
to facilitating these relationships but to acquire it as an essential skill of life. This
basically underlines the necessity of the study of this unit as a whole.
159 Pages
3950 Views
0 Downloads
3.55 MB
COMS 110: COMMUNICATION SKILLS 1
Trending!
In this note, we shall examine the field of communication to serve as a foundation to what follows in the course. Principally, we shall define communication; outline its elements, principles and its importance in academic and life in general. We shall also briefly examine the various types of communication.
39 Pages
3666 Views
0 Downloads
724.03 KB