The document outlines the accounting cycle for a service company. It begins with an introduction that defines accounting and explains its importance. It then reviews the relevant literature, including the five main types of accounts (assets, liabilities, equity, revenues, expenses), chart of accounts, and the nine steps of the accounting cycle. The nine steps are analyzed in transactions, journalizing, posting to ledgers, preparing trial balances, adjusting entries, adjusted trial balances, financial statements, closing entries, and post-closing trial balances. The document provides an example of journalizing transactions, posting to accounts, and working through the full accounting cycle for a sample company. It concludes with the key role of accounting in classifying and managing financial information for organizations
Credit management & npa of co operative bank ltd.1jitharadharmesh
This document provides an overview of the banking industry and system in India. It discusses the different types of banks in India including nationalized banks, private banks, cooperative banks, and specialized banking institutions. It also outlines the structure of the Indian banking system, which consists of scheduled commercial banks, regional rural banks, cooperative banks, and other specialized institutions. The document was submitted as part of a project report on conducting a financial statement analysis of Rajkot District Cooperative Bank in India.
Dbs1034 biz trx week 7 sales day book and ledgerStephen Ong
Sales transactions are recorded in either a sales day book or sales journal. Cash sales are not recorded, but credit sales are recorded individually along with the customer's name and invoice details. The totals are then posted to individual customer accounts in the sales ledger and to a sales account in the general ledger. Businesses use credit controls like setting credit limits and following up on overdue payments to manage relationships with customers who buy on credit.
This document provides an overview of a fractional real estate ownership opportunity offered by Roof4All. It describes a potential investment package of 10 rental homes in Kansas City, Missouri valued at $525,000 that are currently fully occupied and generating $95,436 in annual gross rent. The document discusses Roof4All's valuation process, provides example home and expense projections, and summarizes benefits for investors such as passing depreciation deductions. It also includes brief sections on Roof4All's management approach and founding team.
The document lists 76 candidates who have been shortlisted for an interview process for admission to an MBA full time program for 2022-24. It includes each candidate's application number, name, father's name, CAT registration number, gender, category, and composite score. The candidates are ranked based on their composite scores. The note at the top indicates that the number of applicants called for interviews may vary depending on actual applicant numbers in each category and ties in composite scores.
The document discusses bank reconciliation statements. It explains that a bank reconciliation statement is prepared to reconcile differences between a business's bank balance recorded in their cash book and the balance shown on their bank statement. Reasons for differences include outstanding checks, deposited funds not cleared, bank charges, and errors. To prepare the reconciliation statement, items increasing one balance are added and items decreasing it are subtracted. This reconciles the two balances and identifies outstanding transactions.
Personal SWOT analysis & SWOT analysis of Kotak Mahindra BankJiniaBanerjee1
This document contains a personal SWOT analysis conducted by Jinia Banerjee, a recent graduate from Calcutta University pursuing a PGDBM. It outlines her strengths such as willingness to learn and leadership skills, weaknesses like impatience, and opportunities provided by her program. Potential threats include lack of work experience and industry competition. She plans to enhance her skills, take advantage of opportunities, and minimize threats to achieve career success.
Kotak Mahindra Bank is an Indian private sector bank headquartered in Mumbai. It was established in 1985 and received a banking license from the Reserve Bank of India in 2003, becoming the first non-banking finance company to convert into a bank. The bank offers a wide range of banking and financial services to corporate and retail customers. In 2014, it acquired ING Vysya Bank, increasing its branch network to over 1,300 branches across India. Key services include personal finance, investment banking, life insurance, and wealth management. Uday Kotak is the Executive Vice Chairman and Managing Director.
Credit management & npa of co operative bank ltd.1jitharadharmesh
This document provides an overview of the banking industry and system in India. It discusses the different types of banks in India including nationalized banks, private banks, cooperative banks, and specialized banking institutions. It also outlines the structure of the Indian banking system, which consists of scheduled commercial banks, regional rural banks, cooperative banks, and other specialized institutions. The document was submitted as part of a project report on conducting a financial statement analysis of Rajkot District Cooperative Bank in India.
Dbs1034 biz trx week 7 sales day book and ledgerStephen Ong
Sales transactions are recorded in either a sales day book or sales journal. Cash sales are not recorded, but credit sales are recorded individually along with the customer's name and invoice details. The totals are then posted to individual customer accounts in the sales ledger and to a sales account in the general ledger. Businesses use credit controls like setting credit limits and following up on overdue payments to manage relationships with customers who buy on credit.
This document provides an overview of a fractional real estate ownership opportunity offered by Roof4All. It describes a potential investment package of 10 rental homes in Kansas City, Missouri valued at $525,000 that are currently fully occupied and generating $95,436 in annual gross rent. The document discusses Roof4All's valuation process, provides example home and expense projections, and summarizes benefits for investors such as passing depreciation deductions. It also includes brief sections on Roof4All's management approach and founding team.
The document lists 76 candidates who have been shortlisted for an interview process for admission to an MBA full time program for 2022-24. It includes each candidate's application number, name, father's name, CAT registration number, gender, category, and composite score. The candidates are ranked based on their composite scores. The note at the top indicates that the number of applicants called for interviews may vary depending on actual applicant numbers in each category and ties in composite scores.
The document discusses bank reconciliation statements. It explains that a bank reconciliation statement is prepared to reconcile differences between a business's bank balance recorded in their cash book and the balance shown on their bank statement. Reasons for differences include outstanding checks, deposited funds not cleared, bank charges, and errors. To prepare the reconciliation statement, items increasing one balance are added and items decreasing it are subtracted. This reconciles the two balances and identifies outstanding transactions.
Personal SWOT analysis & SWOT analysis of Kotak Mahindra BankJiniaBanerjee1
This document contains a personal SWOT analysis conducted by Jinia Banerjee, a recent graduate from Calcutta University pursuing a PGDBM. It outlines her strengths such as willingness to learn and leadership skills, weaknesses like impatience, and opportunities provided by her program. Potential threats include lack of work experience and industry competition. She plans to enhance her skills, take advantage of opportunities, and minimize threats to achieve career success.
Kotak Mahindra Bank is an Indian private sector bank headquartered in Mumbai. It was established in 1985 and received a banking license from the Reserve Bank of India in 2003, becoming the first non-banking finance company to convert into a bank. The bank offers a wide range of banking and financial services to corporate and retail customers. In 2014, it acquired ING Vysya Bank, increasing its branch network to over 1,300 branches across India. Key services include personal finance, investment banking, life insurance, and wealth management. Uday Kotak is the Executive Vice Chairman and Managing Director.
The document discusses bank reconciliation statements. It provides examples to illustrate how to prepare a bank reconciliation statement by identifying differences between a cash book balance and bank statement balance. The key reasons for differences are timing of transactions and errors. Differences are reconciled by adding or subtracting items to calculate the correct balance. Worked examples are provided to show how to identify adjustments needed in the cash book and prepare the bank reconciliation statement.
This document provides an overview of mutual funds in India. It introduces the presenters and defines mutual funds as vehicles for mobilizing savings that are important for economic growth. It then outlines the history and growth of mutual funds in India in four phases from 1964 to the present. It describes the key structures of open-ended, closed-ended, and interval funds. It also categorizes funds by nature, investment objective, and other schemes. The document discusses the advantages of diversification and professional management as well as the disadvantages of lack of control over costs. Finally, it outlines the roles of the sponsor, trustee, and asset management company in operating mutual funds.
Bank of Maharashtra was founded in 1935 in Pune, Maharashtra. It commenced business operations in 1936 and was later nationalized in 1969. As of 2022, the bank has over 1,800 branches across India.
The document provides details about the bank's history, branches, leadership, products and services offered. It also summarizes the bank's financial performance over years and lists various social initiatives undertaken by the bank.
In 2004, Bank of Maharashtra had its initial public offering to raise funds, wherein it offered 10 crore shares of face value Rs. 10 at a premium of Rs. 13 per share totaling to Rs. 230 crore. The issue was oversubscribed 12 times.
The document discusses Yes Bank's mis-selling of Additional Tier 1 (AT-1) bonds, which led to penalties from the Securities and Exchange Board of India (SEBI). It provides context on Basel III capital requirements, AT-1 bonds, and the 2020 Yes Bank crisis. SEBI investigated complaints that Yes Bank misrepresented the risk of AT-1 bonds and sold them aggressively to retail investors like senior citizens without proper risk profiling. It found that Yes Bank described the bonds as "super fixed deposits" without explaining the risks, and fined the bank and three executives for violating rules against fraudulent practices.
Comparative Analysis of Financial Products and Services at Standard Chartered...Abhishek Sharma
This document provides information about Standard Chartered Bank, including its history and operations. Some key points:
- Standard Chartered was formed through the merger of The Standard Bank of British South Africa (founded in 1863) and The Chartered Bank of India, Australia and China (founded in 1853).
- It has over 1,200 branches across 56 countries in Asia Pacific, South Asia, Middle East, Africa, UK and Americas.
- The bank serves both consumer and wholesale banking customers, combining local expertise with global reach.
- Standard Chartered has a long history in banking, dating back over 150 years, and is a leading international bank primarily focused on Asia, Africa and the Middle East.
HDFC Bank has been assessed to analyze its financial performance over 5 years from 2016-2020. The bank started operations in 1995 and currently has over 4,805 branches across India. Various financial ratios were calculated using data from annual reports, including current ratio, cash position ratio, fixed asset ratio, debt-equity ratio, and proprietary ratio. The analysis concluded that HDFC Bank maintained strong liquidity and solvency positions over the period examined based on favorable trends across these key ratios.
Research challenge - ACB report National Economics UniversityTran Thi My Linh
This document provides an investment analysis and valuation of Asia Commercial Bank (ACB) on the Ho Chi Minh Stock Exchange. It issues a buy recommendation for ACB with a target price of VND 38,900, representing 37% upside potential from the closing price. The valuation is based on a 60/40 blend of a residual income model and P/B multiple analysis. Key catalysts for the recommendation include ACB benefitting from robust Vietnamese economic growth, its efficient asset quality management, and significant potential for expansion of non-interest income.
The document discusses bank reconciliation, which is the process of ensuring the bank statement balance matches the business's records. It explains items that may appear in only one record like deposits not cleared. The purpose is to identify and correct discrepancies by preparing a bank reconciliation statement that lists unpresented checks, uncredited deposits, and other adjustments to calculate the correct balance. Instructions are provided on updating records, identifying reconciling items, and preparing the final reconciliation statement to match the business and bank records.
This document provides an overview of an integrated marketing campaign for Verizon FiOS. It begins with a business overview of Verizon FiOS and its primary competitors. A SWOT analysis and target market analysis is then presented, focusing on "Trendy Connectors" aged 25-34. Key objectives include increasing awareness, engagement, and sales. A 360 degree media plan is outlined across various channels including TV, digital, social media, print, radio, and out-of-home advertising. The positioning statement and communications objective frame the campaign around the idea that "sharing is overrated" when it comes to internet, TV, and phone services.
Deutsche Bank was founded in 1870 in Berlin and has since expanded globally. It operates through four main divisions: private and business clients, asset and wealth management, corporate banking and securities, and global transaction banking. Deutsche Bank follows German and US corporate governance rules. It faces strengths such as its strong market position but also weaknesses including inefficient operations. Competitors include Barclays, BNP Paribas, and Credit Suisse. Deutsche Bank has received awards for its equity and bond businesses. It was involved in the Libor rate-rigging scandal.
For the past three decades India’s banking system has several outstanding achievements to its credit. The most striking is its extensive reach. It is no longer confined to only metropolitans or cosmopolitans in India. In fact, Indian banking system has reached even to the remote corners of the country. This is one of the main reasons of India’s growth process.
The document provides information on Pragati POS, a payment terminal by Innoviti that allows merchants to accept card payments. It highlights key features like same day activation, zero charges for debit card swipes up to Rs. 2000, automatic daily fund transfer, EMI payment options, and simplified usage, activation and support. The document also provides step-by-step instructions on setting up and using the Pragati POS, processing transactions including EMI purchases, retrieving receipts and reports, and available customer support.
Your business plan is your compass. It will help you map out a new course, and navigate through unchartered territory. Whether you're writing a business plan for the first time or the fifth time, it doesn't have to be hard. Here is the basic business plan guidelines for your reference.
The document discusses processes for acquiring new banking customers and deepening relationships with existing customers. It outlines identifying target customer prospects, generating appointments, realizing appointments to present and sell the bank's offerings, and developing a process for onboarding, servicing, and cross-selling additional products to customers. Metrics are also proposed to measure the efficiency of the acquisition and deepening processes.
This document discusses the importance of writing in the workplace and provides guidance on effective occupational writing. It notes that employers find many new graduates deficient in basic writing skills like writing in English and written communication. Different types of workplace writing are defined, including correspondence, reports, presentations, and social media communications. The document emphasizes considering the purpose, audience, message, and format when engaging in any type of occupational writing.
The document summarizes key facts about the Canadian banking system:
1) Canada has the soundest banking system in the world according to the World Economic Forum, with 6 of the world's 10 strongest banks being Canadian.
2) Canadian banks are highly regulated and follow conservative lending practices, requiring higher capital levels than international standards.
3) Canadian banks have been able to acquire over 100 companies abroad since 2008 due to their financial strength and flexibility under capital rules.
IDENTIFYING THE POSSIBLE LIMITATIONS AND CHALLENGES FACED BY THE NON-BANKING FINANCIAL INSTITUTIONS (NBFI) ON IMPROVING THE DEMAND FOR PERSONAL LOANS
by Nulaim Nuwaiz
Kotak Mahindra Bank is an Indian bank that was originally established as a non-banking financial company in 1985 called Kotak Mahindra Finance Limited. In 2003, it was granted a banking license by the Reserve Bank of India, making it the first company in Indian banking history to convert to a bank. Over the years, Kotak Mahindra Bank has expanded its operations and products, and as of 2014 had over 500 branches, 1,000 ATMs, and total assets of over $2.9 billion. The bank has received several awards recognizing its leadership, innovation, and financial performance in the Indian banking sector.
NMBZ Holdings Limited is a Zimbabwean investment holding company whose principal subsidiary is NMB Bank Limited. NMB Bank was established in 1992 and has grown to become one of Zimbabwe's leading banks. It has over 13 branches across Zimbabwe and offers personal and corporate banking services. NMBZ has a dual listing on the Zimbabwe and London stock exchanges. The company aims to provide premium financial services to individuals and businesses in Zimbabwe.
The document discusses Cambodia's tax system. It covers:
1. The Tax Department operates under three regimes - the real regime for large enterprises collecting over 80% of revenues, the estimated regime for small taxpayers, and a simplified regime not currently in use.
2. The real regime has self-assessment for enterprises meeting thresholds for legal form, annual turnover, or business activity. Taxpayers under the Large and Medium Taxpayer Bureau either pay at the Large Taxpayer Unit if over $250,000 in turnover, or Medium Taxpayer Unit if under.
3. The estimated regime applies estimated profits and fixed tax rates for 3-12 months to small businesses under turnover thresholds.
4. Resident taxpayers
This document discusses taxation policies in Cambodia, specifically the accommodation tax and tax on public lighting. The accommodation tax is an indirect 2% tax imposed on hotel and guest house room fees and other service charges. The tax on public lighting is a 3% indirect tax placed on alcoholic drinks and cigarettes, with the funds going towards provincial and municipal public electricity budgets. Both taxes are collected by incorporated entities and paid to the tax administration by the 15th of each month. Exemptions to the public lighting tax include wines, palm wine, and raw tobacco.
The document discusses bank reconciliation statements. It provides examples to illustrate how to prepare a bank reconciliation statement by identifying differences between a cash book balance and bank statement balance. The key reasons for differences are timing of transactions and errors. Differences are reconciled by adding or subtracting items to calculate the correct balance. Worked examples are provided to show how to identify adjustments needed in the cash book and prepare the bank reconciliation statement.
This document provides an overview of mutual funds in India. It introduces the presenters and defines mutual funds as vehicles for mobilizing savings that are important for economic growth. It then outlines the history and growth of mutual funds in India in four phases from 1964 to the present. It describes the key structures of open-ended, closed-ended, and interval funds. It also categorizes funds by nature, investment objective, and other schemes. The document discusses the advantages of diversification and professional management as well as the disadvantages of lack of control over costs. Finally, it outlines the roles of the sponsor, trustee, and asset management company in operating mutual funds.
Bank of Maharashtra was founded in 1935 in Pune, Maharashtra. It commenced business operations in 1936 and was later nationalized in 1969. As of 2022, the bank has over 1,800 branches across India.
The document provides details about the bank's history, branches, leadership, products and services offered. It also summarizes the bank's financial performance over years and lists various social initiatives undertaken by the bank.
In 2004, Bank of Maharashtra had its initial public offering to raise funds, wherein it offered 10 crore shares of face value Rs. 10 at a premium of Rs. 13 per share totaling to Rs. 230 crore. The issue was oversubscribed 12 times.
The document discusses Yes Bank's mis-selling of Additional Tier 1 (AT-1) bonds, which led to penalties from the Securities and Exchange Board of India (SEBI). It provides context on Basel III capital requirements, AT-1 bonds, and the 2020 Yes Bank crisis. SEBI investigated complaints that Yes Bank misrepresented the risk of AT-1 bonds and sold them aggressively to retail investors like senior citizens without proper risk profiling. It found that Yes Bank described the bonds as "super fixed deposits" without explaining the risks, and fined the bank and three executives for violating rules against fraudulent practices.
Comparative Analysis of Financial Products and Services at Standard Chartered...Abhishek Sharma
This document provides information about Standard Chartered Bank, including its history and operations. Some key points:
- Standard Chartered was formed through the merger of The Standard Bank of British South Africa (founded in 1863) and The Chartered Bank of India, Australia and China (founded in 1853).
- It has over 1,200 branches across 56 countries in Asia Pacific, South Asia, Middle East, Africa, UK and Americas.
- The bank serves both consumer and wholesale banking customers, combining local expertise with global reach.
- Standard Chartered has a long history in banking, dating back over 150 years, and is a leading international bank primarily focused on Asia, Africa and the Middle East.
HDFC Bank has been assessed to analyze its financial performance over 5 years from 2016-2020. The bank started operations in 1995 and currently has over 4,805 branches across India. Various financial ratios were calculated using data from annual reports, including current ratio, cash position ratio, fixed asset ratio, debt-equity ratio, and proprietary ratio. The analysis concluded that HDFC Bank maintained strong liquidity and solvency positions over the period examined based on favorable trends across these key ratios.
Research challenge - ACB report National Economics UniversityTran Thi My Linh
This document provides an investment analysis and valuation of Asia Commercial Bank (ACB) on the Ho Chi Minh Stock Exchange. It issues a buy recommendation for ACB with a target price of VND 38,900, representing 37% upside potential from the closing price. The valuation is based on a 60/40 blend of a residual income model and P/B multiple analysis. Key catalysts for the recommendation include ACB benefitting from robust Vietnamese economic growth, its efficient asset quality management, and significant potential for expansion of non-interest income.
The document discusses bank reconciliation, which is the process of ensuring the bank statement balance matches the business's records. It explains items that may appear in only one record like deposits not cleared. The purpose is to identify and correct discrepancies by preparing a bank reconciliation statement that lists unpresented checks, uncredited deposits, and other adjustments to calculate the correct balance. Instructions are provided on updating records, identifying reconciling items, and preparing the final reconciliation statement to match the business and bank records.
This document provides an overview of an integrated marketing campaign for Verizon FiOS. It begins with a business overview of Verizon FiOS and its primary competitors. A SWOT analysis and target market analysis is then presented, focusing on "Trendy Connectors" aged 25-34. Key objectives include increasing awareness, engagement, and sales. A 360 degree media plan is outlined across various channels including TV, digital, social media, print, radio, and out-of-home advertising. The positioning statement and communications objective frame the campaign around the idea that "sharing is overrated" when it comes to internet, TV, and phone services.
Deutsche Bank was founded in 1870 in Berlin and has since expanded globally. It operates through four main divisions: private and business clients, asset and wealth management, corporate banking and securities, and global transaction banking. Deutsche Bank follows German and US corporate governance rules. It faces strengths such as its strong market position but also weaknesses including inefficient operations. Competitors include Barclays, BNP Paribas, and Credit Suisse. Deutsche Bank has received awards for its equity and bond businesses. It was involved in the Libor rate-rigging scandal.
For the past three decades India’s banking system has several outstanding achievements to its credit. The most striking is its extensive reach. It is no longer confined to only metropolitans or cosmopolitans in India. In fact, Indian banking system has reached even to the remote corners of the country. This is one of the main reasons of India’s growth process.
The document provides information on Pragati POS, a payment terminal by Innoviti that allows merchants to accept card payments. It highlights key features like same day activation, zero charges for debit card swipes up to Rs. 2000, automatic daily fund transfer, EMI payment options, and simplified usage, activation and support. The document also provides step-by-step instructions on setting up and using the Pragati POS, processing transactions including EMI purchases, retrieving receipts and reports, and available customer support.
Your business plan is your compass. It will help you map out a new course, and navigate through unchartered territory. Whether you're writing a business plan for the first time or the fifth time, it doesn't have to be hard. Here is the basic business plan guidelines for your reference.
The document discusses processes for acquiring new banking customers and deepening relationships with existing customers. It outlines identifying target customer prospects, generating appointments, realizing appointments to present and sell the bank's offerings, and developing a process for onboarding, servicing, and cross-selling additional products to customers. Metrics are also proposed to measure the efficiency of the acquisition and deepening processes.
This document discusses the importance of writing in the workplace and provides guidance on effective occupational writing. It notes that employers find many new graduates deficient in basic writing skills like writing in English and written communication. Different types of workplace writing are defined, including correspondence, reports, presentations, and social media communications. The document emphasizes considering the purpose, audience, message, and format when engaging in any type of occupational writing.
The document summarizes key facts about the Canadian banking system:
1) Canada has the soundest banking system in the world according to the World Economic Forum, with 6 of the world's 10 strongest banks being Canadian.
2) Canadian banks are highly regulated and follow conservative lending practices, requiring higher capital levels than international standards.
3) Canadian banks have been able to acquire over 100 companies abroad since 2008 due to their financial strength and flexibility under capital rules.
IDENTIFYING THE POSSIBLE LIMITATIONS AND CHALLENGES FACED BY THE NON-BANKING FINANCIAL INSTITUTIONS (NBFI) ON IMPROVING THE DEMAND FOR PERSONAL LOANS
by Nulaim Nuwaiz
Kotak Mahindra Bank is an Indian bank that was originally established as a non-banking financial company in 1985 called Kotak Mahindra Finance Limited. In 2003, it was granted a banking license by the Reserve Bank of India, making it the first company in Indian banking history to convert to a bank. Over the years, Kotak Mahindra Bank has expanded its operations and products, and as of 2014 had over 500 branches, 1,000 ATMs, and total assets of over $2.9 billion. The bank has received several awards recognizing its leadership, innovation, and financial performance in the Indian banking sector.
NMBZ Holdings Limited is a Zimbabwean investment holding company whose principal subsidiary is NMB Bank Limited. NMB Bank was established in 1992 and has grown to become one of Zimbabwe's leading banks. It has over 13 branches across Zimbabwe and offers personal and corporate banking services. NMBZ has a dual listing on the Zimbabwe and London stock exchanges. The company aims to provide premium financial services to individuals and businesses in Zimbabwe.
The document discusses Cambodia's tax system. It covers:
1. The Tax Department operates under three regimes - the real regime for large enterprises collecting over 80% of revenues, the estimated regime for small taxpayers, and a simplified regime not currently in use.
2. The real regime has self-assessment for enterprises meeting thresholds for legal form, annual turnover, or business activity. Taxpayers under the Large and Medium Taxpayer Bureau either pay at the Large Taxpayer Unit if over $250,000 in turnover, or Medium Taxpayer Unit if under.
3. The estimated regime applies estimated profits and fixed tax rates for 3-12 months to small businesses under turnover thresholds.
4. Resident taxpayers
This document discusses taxation policies in Cambodia, specifically the accommodation tax and tax on public lighting. The accommodation tax is an indirect 2% tax imposed on hotel and guest house room fees and other service charges. The tax on public lighting is a 3% indirect tax placed on alcoholic drinks and cigarettes, with the funds going towards provincial and municipal public electricity budgets. Both taxes are collected by incorporated entities and paid to the tax administration by the 15th of each month. Exemptions to the public lighting tax include wines, palm wine, and raw tobacco.
Accounting is the process of measuring and recording financial transactions and preparing financial statements. The document outlines the key foundations of accounting including the accounting cycle, financial statements, ratio analysis, budgets, and international accounting standards. It describes the roles of various accounting professionals and how accounting supports decision making.
Accounting Tips and its cheat Sheet..
Financial Accounting standards boards
Securities and exchange commission
American institute of certified public accountants
FASB emerging tasks force
Cost accounting standard board
Internal revenue service
American accounting Association
This document is about Nelson Mandela and contains an outline for a lecture on his life and leadership. The outline includes sections on his general information and family background, education history, personality and interests, major achievements including winning the Nobel Peace Prize, career path, and lessons on leadership taken from his example. The lecture will be given by Mr. Norng Sokha to students of the Fundamentals of Leadership course at Cambodian Mekong University.
The organizational chart outlines the roles and responsibilities within FINCOMERCIO. The General Manager acts as the legal representative and ensures compliance. The Administrative Manager oversees administrative functions and customer relations. The Commercial Manager focuses on sales, innovation, and new distribution channels. There are also roles for an Operating Officer, Accounting Assistant, Customer Service Advisor, Trade Advisory, Assistant Portfolio, and others to support the operations and goals of the organization.
Small Business Accounting and Financial Reporting_StarterCompanyRevisedJayson Bastien
The document provides information and guidance for youth entrepreneurs on topics such as the role of accountants, bookkeeping technologies, financial accounting, cash flow forecasting, cost accounting, pricing, taxes, and more. It also includes an introduction to the author and his experience as an accountant and mentor for youth entrepreneurs. The goal is to help youth starting, expanding, or purchasing a business with relevant financial information and advice.
The Cambodian education system was traditionally only available to boys and centered around Buddhist temples. The Khmer Rouge regime from 1975-1979 destroyed the system, closing schools and executing teachers. Today, Cambodia struggles to rebuild its education system after this period. Problems include high illiteracy, poor quality of teaching, lack of resources and teachers, and corruption. The government spends very little on education. These challenges prevent many Cambodians from escaping poverty through education.
C:\Fakepath\Ed D 415 Higher Education In Cambodia 1997 2003 Editiondenan
The document provides an overview of Cambodia's education system and higher education developments. It discusses that Cambodia aims to provide universal basic education for its citizens and is working to reform its higher education system. It summarizes that higher education institutions in Cambodia are undergoing reforms to improve quality, increase autonomy, and better meet the needs of the labor market through regulations and an accreditation process. However, the system remains fragmented under multiple ministries and faces challenges of capacity and coordination.
Cambodia was historically ruled by a monarchy until 1970, when a coup established the Khmer Republic. A civil war ensued and the communist Khmer Rouge took power in 1975, renaming the country Democratic Kampuchea. Vietnam deposed the Khmer Rouge in 1979 and established the socialist People's Republic of Kampuchea. International negotiations in the 1990s led to elections and the restoration of the monarchy as the Kingdom of Cambodia. Power has been contested between the royalist FUNCINPEC party and the former communist Cambodian People's Party led by Hun Sen, who has been prime minister since 1998.
D'Laundry Service Enterprise is a laundry service business operated by six shareholders that is opening in January 2014. It will be located in Parit Raja, Batu Pahat, Johor and offer services like normal washing, dry cleaning, and ironing. The business has obtained RM30,000 from member contributions and a RM117,500 loan from MARA to cover investment costs and initial operating expenses. It projects earning RM131,550 in revenue in its first year of 2014.
Shallow foundation(by indrajit mitra)01Indrajit Ind
Shallow foundations transmit structural loads to near-surface soils and are used when the upper soil layer is sufficiently strong. They include spread, combined, strap, and raft foundations. Design considers factors like bearing capacity, settlement, and water table effects. Plate load tests determine ultimate capacity and settlement by measuring pressure-displacement curves. Terzaghi's theory and IS codes provide design guidance.
The presentation discusses education in contemporary Cambodia. It provides an overview of Cambodia's education system, including its history from traditional village teachings to the French colonial system to the Khmer Rouge regime. The presentation also outlines Cambodia's current education structure, 2007 Education Law, and challenges facing educational reform, such as dropout rates and lack of funding. It emphasizes why education is important for developing job skills, changing behaviors, and empowering individuals and societies.
IJRET : International Journal of Research in Engineering and Technology is an international peer reviewed, online journal published by eSAT Publishing House for the enhancement of research in various disciplines of Engineering and Technology. The aim and scope of the journal is to provide an academic medium and an important reference for the advancement and dissemination of research results that support high-level learning, teaching and research in the fields of Engineering and Technology. We bring together Scientists, Academician, Field Engineers, Scholars and Students of related fields of Engineering and Technology.
The document describes the accounting cycle and the use of a worksheet. It discusses how a worksheet allows accountants to make adjustments and prepare financial statements more easily and timely. The key steps in using a worksheet include: [1] preparing an initial trial balance, [2] entering adjustments, [3] extending adjusted balances to columns for the adjusted trial balance, income statement, and balance sheet, and [4] preparing financial statements from the worksheet columns. The worksheet is a temporary working paper and not a permanent accounting record.
The document provides details of various accounting transactions recorded by Deepak Mehra for his business Eazy-Carry Co. during July 2011. It includes transactions related to capital introduction, purchases, revenues, expenses, payments etc. recorded in general journal format along with corresponding ledger accounts. It also provides the trial balance of Eazy-Carry Co. as on July 1, 2011 summarizing the debits and credits in different ledger accounts.
The document discusses the accounting mechanism and flow of data which includes recording transactions in a journal, posting to ledgers, balancing ledgers, and preparing a trial balance. It also covers the classification of different types of accounts such as assets, liabilities, income, and expenses. Examples are provided of accounting transactions and exercises for students to practice classifying accounts and preparing a trial balance.
CH01 Introduction to Finance and Accounting.ppthassanakhar
1) The document provides an overview of accounting and finance concepts including the accounting process, generally accepted accounting principles, the basic accounting equation, and transaction analysis.
2) It explains that accounting involves recording, classifying, and summarizing economic events, and communicating this information through financial reports, while finance is the broader term referring to asset and liability management and planning for growth.
3) Several examples of accounting transactions are analyzed to demonstrate the application of the basic accounting equation and how accounting records increases and decreases in assets, liabilities, and owner's equity.
i have made this ppt for my college ,,i will share this for those gyes who want a specimen of bfa subject
and this slide making crdt goes to my sir.. thank you sir
Lecture_1_Accounting_ Elements & Accounting_Procedure.pptSkMumtahina1
1. The accounting process involves identifying economic events, recording them in the accounting system, and preparing and communicating financial reports to both internal and external users.
2. The basic accounting equation states that assets must equal liabilities plus owner's equity. This equation must remain in balance at all times.
3. The double-entry system of accounting requires equal debit and credit entries to be made for every transaction to keep the accounting equation in balance.
1. Bookkeeping involves recording financial transactions so a business can ascertain its financial position. Accounting builds on this by classifying, interpreting, and communicating this information to various users.
2. Accounts can be personal (related to individuals or entities) or impersonal (related to things). Impersonal accounts are further divided into real accounts (for assets) and nominal accounts (for other items).
3. Key users of accounting information include governments, employees, competitors, banks, creditors, financial analysts, shareholders/owners, managers, auditors, and investors - each with their own reasons for needing this data.
The document provides an overview of the accounting cycle and key concepts in financial accounting. It discusses [1] what accounts are and how they are used to record business transactions, [2] the basic steps in the recording process including journalizing, posting to ledgers, and preparing a trial balance, and [3] key adjusting entries related to deferrals like prepaid expenses and unearned revenues, and accruals like accrued revenues and accrued expenses. The purpose is to explain the fundamentals of recording and reporting financial information according to generally accepted accounting principles.
Course material for An introduction to keeping financial records in business for small and medium sized enterprises organised by the Lagos hub of the Global Shapers with support from Abraaj for small and medium enterprises in Lagos NIgeria held in June 2016
Accounting involves recording, classifying, and summarizing financial transactions and events. It defines transactions as financial events and establishes accounts for assets, liabilities, capital/equity, revenues and expenses. The accounting cycle includes identifying transactions, journalizing them, posting to ledger accounts, preparing a trial balance, adjusting entries, preparing financial statements, and closing entries at the end of the period.
This project will give you an opportunity to apply your knowledge of.pdfanasmukerji
This project will give you an opportunity to apply your knowledge of accounting principles and
procedures by handling all the accounting work of Wells’ Consulting Services for the month of
January 2015.
Assume that you are the chief accountant for Wells’ Consulting Services. During January, the
business will use the same types of records and procedures that you learned about in Chapters 2
– 6. The chart of accounts for Wells’ Consulting Services has been expanded to include a few
new accounts. Follow all the instructions to complete the accounting records for the month of
January 2015.
Well\'s Consulting Services
Chart of Accounts
ASSETS (100-199)
REVENUE (400-499)
101
Cash
401
Service Fee Income
111
Accounts Receivable
121
Supplies
EXPENSES (500-599)
134
Prepaid Insurance
137
Prepaid Rent
511
Salaries Expense
141
Equipment
514
Utilities Expense
142
Accumulated Depreciation, Equipment
517
Supplies Expense
520
Rent Expense
LIABILITIES (200-299)
523
Depreciation Expense, Equipment
526
Advertising Expense
202
Accounts Payable
529
Maintenance Expense
532
Telephone Expense
OWNER\'S EQUITY (300-399)
535
Insurance Expense
301
Carolyn Wells, Capital
302
Carolyn Wells, Drawing
309
Income Summary
Instructions continued:
Set-up a General Ledger Account for each account listed in the Chart of Accounts. Copy in
“opening balance” figures for January 1, 2015 into the proper General Ledger. (Hint: the
necessary figures are from the Post-closing Trial Balance prepared on December 31, 2014, which
appears below. (Only include an opening balance figure for the accounts listed with a balance,
otherwise, there is no opening balance).
Analyze each business transaction, which appear on the next page and then journalize the
transactions into the General Journal. Number the General Journal as “Page 1” to begin
journalizing the January 2015 transactions into the General Journal.
Post the transactions into the General Ledger accounts.(check figures for Cash & A/R are on
page 4)
Prepare the “Unadjusted” Trial Balance Section of the Worksheet (AF-12A & 12B).
Prepare the “Adjustments” Section of the Worksheet (AF-12A & 12B). Number the General
Journal as “Page 4” to record the adjustments in the General Journal and post the adjustments to
the General Ledger accounts.
Compute and record the adjustment for supplies used during the month. An inventory taken on
January 31st showed supplies of $2,000 on hand.
Compute and record the adjustment for expired insurance for the month.
Record the adjustment for expired rent of $4,000 for the month.
Record the monthly depreciation adjustment of $183 on the existing (old) equipment. The
depreciation adjustment on the new equipment purchased in January will not begin until
February.
Complete the Worksheet. Prepare the “Adjusted” Trial Balance Section of the Worksheet as well
as extend the figures to the Income Statement & Balance Sheet Sections of the Worksheet.
Prepare the Income Statement and the Statement of Owner’s Equity for the mon.
Part 3-4 Posting and Trial Balance PreparationMichael Alonzo
The document discusses ledgers, which are used by companies to maintain account balances and track changes. It explains that the general ledger contains all asset, liability, and equity accounts. Journal entries are posted to the ledger accounts to update them. Ledgers use a three-column format with debit, credit, and balance columns to track transactions for each account.
The document is a student solutions manual for an introduction to financial accounting textbook. It contains solutions to problems and exercises from 14 chapters of the textbook. The solutions manual provides step-by-step workings and explanations to help students learn financial accounting concepts and practice applying them to problems. It also contains sample financial statements and transaction worksheets with numerical examples worked through.
The document provides an overview of accounting concepts including:
- Accounting involves identifying, recording, and communicating economic events through activities like recording transactions, classifying data, and preparing reports.
- Generally Accepted Accounting Principles (GAAP) are the standard framework and guidelines followed for financial accounting.
- The Sarbanes-Oxley Act established requirements for public company management and accounting to ensure accurate financial reporting.
- The basic accounting equation shows that assets must equal liabilities plus owner's equity.
Accounting Books Journal and Ledger.pptmarvinrosel4
This document provides information about accounting journals and ledgers. It discusses the journal as the book of original entry and the general ledger as the book of final entry. It provides examples of transactions to record in journals and how to post them to T-accounts to determine account balances. It also discusses compound journal entries and includes practice problems for students to journalize and post transactions and prepare a trial balance.
SOS Please please please help on this problem!!!!!!!!!!!!!!!!!!!!!! .pdfFOREVERPRODUCTCHD
SOS Please please please help on this problem!!!!!!!!!!!!!!!!!!!!!! :) Closing Entries and the
Postclosing Trial Balance 192 CHAPTER 6 Mini-Practice Set 1 Service Business Accounting
Cycle Eli\'s Consulting Services ing principles and This project will give you an opportunity to
apply your knowledge of accounting principles and procedures by handling all the accounting
work of Eli\'s Consulting Services for the month o January 2020. Assume that you are the chief
accountant for Eli\'s Consulting Services, During January, the busi ness will use the same types
of records and procedures that you learned about in Chapters 1 through 6. The chart of accounts
for Eli\'s Consulting Services has been expanded to include a few new accounts. Follow the
instructions to complete the accounting records for the month of January. INTRODUCTION
Eli\'s Consulting Services Chart of Accounts Revenue 401 Fees Income Assets 101 Cash 111
Accounts Receivable 121 Supplies 134 Prepaid Insurance 137 Prepaid Rent 141 Equipment 142
Accumulated Depreciation Equipment Liabilities 202 Accounts Payable Expenses 511 Salaries
Expense 514 Utilities Expense 517 Supplies Expense 520 Rent Expense 523 Depreciation
Expense-Equipment 526 Advertising Expense 529 Maintenance Expense 532 Telephone
Expense 535 Insurance Expense Owner\'s Equity 301 Trayton Eli, Capital 302 Trayton Eli,
Drawing 309 Income Summary INSTRUCTIONS 1. Open the general ledger accounts and enter
the balances for January 1, 2020. Obtain the necessary figures from the postclosing trial balance
prepared on December 31, 2019, which appears in Figure 6.3. 2. Analyze each transaction and
record it in the general journal. Use page 3 to begin January\'s transactions. 3. Post the
transactions to the general ledger accounts. 4. Prepare the Trial Balance section of the worksheet.
5. Prepare the Adjustments section of the worksheet. a. Compute and record the adjustment for
supplies used during the month. An inventory taken on January 31 showed supplies of $5,200 on
hand. b. Compute and record the adjustment for expired insurance for the month. c. Record the
adjustment for one month of expired rent of $4,000. d. Record the adjustment for depreciation of
$183 on the old equipment for the month. The first adjustment for depreciation for the new
equipment will be recorded in February, 6. Complete the worksheet. 7. Prepare an income
statement for the month. 8. Prepare a statement of owner\'s equity.
Solution
Journal Entries
Date
Account Title
Debit
Credit
2-Jan
Supplies
7000
Cash
7000
7-Jan
Cash
20000
Accounts receivable
5000
Fees Income
25000
2-Jan
Insurance expense
8400
Cash
8400
12-Jan
Cash
4000
Accounts receivable
4000
Advertising expense
3600
Cash
3600
Cash
20700
Accounts receivable
2300
Fees Income
23000
13-Jan
Cash
4500
Accounts receivable
4500
14-Jan
Cash
750
Supplies
750
20-Jan
Supplies
5000
Accounts Payable
5000
20-Jan
Cash
12500
Accounts receivable
3500
Fees Income
16000
20-Jan
Cash
5600
Accounts receivable
5600
21-Jan
Ma.
The document discusses accrual accounting concepts and adjusting journal entries. It introduces accrual accounting and the revenue recognition and matching principles. It explains that adjusting entries are needed at the end of each accounting period to recognize revenues and expenses that have been earned or incurred but not yet recorded. The major types of adjusting entries are accruals, which record unrecorded revenues and expenses, and deferrals, which defer the recognition of revenues or expenses. Examples are provided for accrued revenues, accrued expenses, unearned revenues, and prepaid expenses. The document also discusses accounting estimates such as depreciation expense.
The document provides information on preparing a worksheet, the accounting cycle, classified balance sheets, and liquidity ratios. It defines a worksheet and outlines the 5 steps to prepare one. It also explains the steps in the accounting cycle, what a classified balance sheet is, and provides an example balance sheet. Finally, it defines working capital and the current ratio as measures of liquidity.
session 3.ppt introduction to financial accountingmaliha152268
This document provides an overview of accounting concepts and standards. It discusses typical business organization charts, accounting terms and principles like the monetary unit and economic entity assumptions. It also covers the basic accounting equation, different forms of business ownership like proprietorships and corporations, and the four main financial statements. Finally, it discusses accounting standards set by bodies like the FASB, IASB, and the concept of GAAP.
Similar to Accounting cycle in service company/ Cambodian Mekong University/Chhan Rathana (20)
session 3.ppt introduction to financial accounting
Accounting cycle in service company/ Cambodian Mekong University/Chhan Rathana
1. MEKONG SCHOOL OF ACCOUNTING
Accounting Cycle in Service Company
Mr. PIN SOPNHATH ID: 4231130004
Mss. SAING SOREYAN ID: 4231130018
Mr. MEAN CHET ID: 4231130331
Mss. UK MARILEY ID: 4231130025
Mr. CHHAN RATHANA ID: 4231130040
Mss. THAN SREYPOV ID: 4231130021
Prepared by group: 9
8/1/2014 1
4. I. introduction
The definition of accounting
Accounting is the to identify,
record, and communicate the
e c o n o m i c e v e n t s o f a n
organization to interested users.
Accounting is one of the key
functions for almost any
business; it may be handled by a
bookkeeper and accountant at
small firms or by sizable finance
departments with dozens of
employees at larger companies
8/1/2014 4
5. I. introduction
The important of accounting
Can assist in preparing list of the company to have the
order.
Shows the financial situation of company to manage
its easy preparation and strategically decision.
Shows the revenue and expense that have in
organization for help manager can reduction other
bad expense.
Shows the results of business, Net income or Net
loss?
Help employer to check activities of organization
Reduce exploitations.8/1/2014 5
6. II. Literatureview
The Five Type of Account
The Chart of Accounts
Nine Steps of accounting in Service Company
8/1/2014 6
7. II. Literatureview
The Five Type of Account
1) Asset
2) Liabilities
3) Owner’s Equity
4) Revenue
5) Expense
8/1/2014 7
8. II. Literature review
The Five Type of Account
• 1. Asset is resources or something valuable
belonging to firms or organization which can be
used for the payment of debts, the asset account
represents the value of the assets owned by the
business and there are current asset and fixed
asset. currents asset there are such as, cash,
account receivable, inventories, office supply, note
receivable, etc. Fixed assets there are, land,
equipment, accumulated depreciation equipment,
truck, patents, building, accumulated depreciation
building, etc.
8/1/2014 8
9. II. Literature review
The Five Type of Account
2. Liabilities is type of debt or upcoming cost for
the business that company necessary to pay in
cash in the one periodic, there are two current
liabilities and long-term liabilities. Current
liabilities that need to pay during one year it
included account payable, note payable, interest
payable, salary payable, unearned Revenue. And
long-term liabilities, there are mortgage payable,
and bond payable.
8/1/2014 9
10. II. Literature review
The Five Type of Account
3. Owner’s equity is the net worth and ownership
of the business, it included capital or owner
investments, drawing, retained earnings, and
common .
8/1/2014 10
11. II. Literature review
The Five Type of Account
4. Revenue is the income in cash or on account
that company or organization received from
customer’s paying, when the company have
serviced to consumers. Revenues include service
revenue, interest revenue, rent revenue,
admission revenue, concession revenue, etc.
8/1/2014 11
12. II. Literature review
The Five Type of Account
5. Expense is an arrangement in which employer
will pay for the operations in company, it included
salary expense, rent expense, utilities expense,
insurance expense, depreciation expense, interest
expense, advertising expense, supply expense,
etc.
8/1/2014 12
13. II. Literature review
Asset
101 Cash
112 Account Receivable
126 Supplies
128 Cleaning Supply
130 Prepaid Insurance
136 Prepaid Rentals
157 Office Equipment
158 Accumulated
Depreciation-Office
Equipment
The Chart of Accounts
8/1/2014 13
14. II. Literature review
The Chart of Accounts
Asset
140 Land
143 Cottages
144 Accumulated Depreciation-
Cottage
145 Building
149 Furniture
150 Accumulated Depreciation-
Furniture
153 Store Equipment
154 Accumulated Depreciation-
Equipment
157 Equipment
8/1/2014 14
15. II. Literature review
The Chart of Accounts
Liabilities Account
200 Note Payable
201 Account Payable
209 Unearned Revenue
212 Salaries Payable
230 Interest Payable
244 Utilities Payable
275 Mortgage Payable
8/1/2014 15
17. II. Literature review
The Chart of Accounts
Revenue
400 Service Revenue
405 Admission Revenue
406 Concession Revenue
429 Rent Revenue
8/1/2014 17
18. II. Literature review
The Chart of Accounts
Expense Account
610 Advertising Expense
620 Depreciation Expense-Cottage
621 Depreciation Expense-
Furniture
622 Repair Expense
632 Film Rental Expense
631 Supplies Expense
711 Depreciation Expense
8/1/2014 18
19. II. Literature review
The Chart of Accounts
718 Interest Expense
722 Insurance Expense
726 Salaries Expense
729 Rent Expense
732 Utilities Expense
Expense Account
8/1/2014 19
20. Nine Steps of accounting in Service Company
II. Literature review
1. Analyze
business
transactions
2. Journalize the
transactions
3. Post to ledger
accounts
4. Prepare a trial
balance
5. Journalize and
post adjusting
entries
6. Prepare an
adjusted trial
balance
7. Prepare
financial
statements
8. Journalize and
post-closing
entries
9. Prepare a
post-closing trial
balance
8/1/2014 20
22. A journal is a book-paper or electronic-in which
transaction are recorded.
On January 01, 2014 the Tourism Cambodia Company (TCC) starts open
operation businesses that. Prepare the journalize in January :
01 invested $100,000 on cash in the business.
02 Paid $3,000 cash for April office rent.
Jan. 01 Cash………………………………$100,000
TCC, Capital…………………………..$100,000
Jan. 02 Rent Expense………………..$3,000
Cash………………………………………..$3,000
2. Journalize the transactions
8/1/2014 22
23. Cash No101
Date Explanation Ref. Debit Credit Balance
2014
Jan. 01 Balance $100,000 $100,000
02 Balance $3,000 $97,000
TCC, Capital No301
Date Explanation Ref. Debit Credit Balance
2014
Jan. 01 Balance $10,000 $10,000
Rent Expense No729
Date Explanation Ref. Debit Credit Balance
2014
Jan.02 Balance $3,000 $3,000
3. Post to ledger accounts
8/1/2014 23
24. 4. Prepared Trail Balance
Tourism Cambodia COMPANY
Trial Balance
May 30, 2012
Cash $163,900
Account Receivable $35,500
Rent Expense $3,000
Supplies and VAT $8,000
Prepaid Insurance $5,000
Equipment and VAT $2,200
Note Payable $40,000
Account Payable $8,000
TCC, Capital $100,000
TCC, Drawing $5,000
Service Revenue $92,500
Unearned Revenue $15,000
Advertising Expense $7,000
Utilities Expense $900
Salaries Expense and TOS $25,000
$255,500 $255,500
8/1/2014 24
25. 5. Post the Adjusting entries
The end the January 2014 insurance expire $1,500;
Cash No101
Date Explanation Ref. Debit Credit Balance
2014
Jan. 31 Adjusted $1,500 $1,500
Insurance Expense No722
Date Explanation Ref. Debit Credit Balance
2014
Jan. 31 Adjusted $1,500 $1,500
8/1/2014 25
26. Preparing an adjusted trial balance, an adjusted
trial balance may be prepared after adjusting
entries are made and before the financial
statements are prepared. This is to test if the
debits are equal to credits after adjusting entries
are made.
6. Prepared an adjusted trail balance
8/1/2014 26
27. Income statement
7. Prepared financial statement
Tourism Cambodia COMPANY
Income Statement
May 31, 2012
Revenue
Service Revenue $92,500
Total Revenue $92,500
Expense
Rent Expense $3,000
Advertising Expense $7,000
VAT of equipment $200
VAT of supplies $727
TOS $1,953
Utilities Expense $900
Salaries Expense $23,047
Insurance Expense $1,500
Depreciation Expense $600
Supplies Expense $2,773
Interest Expense $600
Total Expense $42,300
Net Income $50,200
8/1/2014 27
28. Owner’s Equity Statement
7. Prepared financial statement
Tourism Cambodia COMPANY
Owner’s equity Statement
May 31, 2012
Beginning Capital $10,000
Plus: Net Income $50,200
Less: TCC, Drawing $5,000
Ending Capital $145,200
8/1/2014 28
29. Balance sheet
7. Prepared financial statement
Tourism Cambodia COMPANY
Balance Sheet
May 31, 2012
Asset:
Current Asset;
Cash $163,300
Account receivable $35,500
Supplies $4,500
Prepaid Insurance $3,500
Less: Accumulated depreciation $600
Total Current Asset $206,200
Property Plan and Equipment
Equipment $2,000
Total Property Plan and Equipment $2,000
Total Asset: $208,200
8/1/2014 29
30. Balance sheet
7. Prepared financial statement
Tourism Cambodia COMPANY
Balance Sheet
May 31, 2012
Liabilities and Owner’s Equity
Liabilities:
Current Liabilities;
Account Payable $8,000
Unearned Revenue $15,000
Total Current Liabilities $23,000
Long-term Liabilities:
Not Payable $40,000
Total Long-term Liabilities $40,000
Total Liabilities $63,000
Owner’s Equity
Ending Equity $145,200
Total Liabilities and Owner’s Equity $208,200
8/1/2014 30
31. 8. Post-closing entries
Tourism Cambodia COMPANY
Closing entry
May 31, 2012
Revenue ……………………………………….. $92,500
Income Summary……………. $92,500
(To close revenue account)
Income Summary……………………………….. $54,100
Rent Expense………………………. $3,000
Salaries Expense...................... $23,047
TOS…………………………………...... $1,953
Utilities Expense………………….. $900
Advertising Expense………….... $7,000
Insurance Expense……………..... $1,500
Depreciation Expense………….. $600
Supplies Expense……………….. $2,773
VAT of Supplies…………………… $727
VAT of equipment……………….. $200
Interest Expense…………………. $600
(To close expense account)8/1/2014 31
32. 8. Post-closing entries
Tourism Cambodia COMPANY
Closing entry
May 31, 2012
Income Summary……………………….. $50,200
Owner’s Capital…………… $50,200
(To close net income to owner’s capital)
Owner’s Capital……………………………… $5,000
Owner’s Drawing…………….. $5,000
(To close drawing to owner’s capital)
8/1/2014 32
34. The brief explanation, accounting is the to identify,
record, and communicate the economic events of an
organization to interested users and it is very important
for all organizations to use for classify, management
financial, check export and import of company, know
about of net loss or net income, etc.
Accounting cycle have nine steps that need for
service company, there are Analyze business transactions,
Journalize the transactions, Post to ledger accounts,
Prepare a trial balance, Journalize and post adjusting
entries, Prepare an adjusted trial balance, Prepare
financial statements, Journalize and post-closing entries,
Prepare a post-closing trial balance.
II. conclusion
8/1/2014 34
35. Reference
Internets:
What is accounting. Retrieved, march 24 2014, from google.com website:
http://www.accountingcoach.com/blog/what-is-accounting
and http:// www.asiabs.com/english/english_theme_accounting.htm
Definition of accounting. Retrieved, March, 24, 2014 from google.com
website: http://www.investopedia.com/terms/a/accounting.asp
What is important of accounting? Retrieved, March, 27, 2014 from
google.com website: http://www.ask.com/question/why-is-accounting-
important-to-bus...
8/1/2014 35
36. Type of account and different. Retrieved, March, 28, 2014 from google.com
website:
http://www.kashoo.com/accounting.../what-are-the-different-account-
what are nine steps of accounting ? Retrieved. March, 27, 2014 from
google.com website:
http://Mwiki.answers.com/Q/What_are_the_9_steps_of_accounting_cycle
Nine steps of accounting cycle. Retrieved, May, 09, 2014 from google.com
website:
http://www.accountingverse.com/accounting-basics/accounting-cycle.html
VAT and TOS. Retrieved, May, 09, 2014 from google.com website
http://www.tax.gov.kh/en/taxtypes.php
8/1/2014 36
Reference
37. Books:
Bun Sundro : fundamental of accounting, Angkor
Wat (1st Edition) 2008
Jerry J. Weygandt, Donald E.Keiso, Paul D. Kimmel.
(2009). Accounting Principle (9st ed.). USA: John
Wiley and Sons, Inc
8/1/2014 37
Reference