Richird Warn - Free Articles Submission Directory - InformationBible http://www.informationbible.com/profile-35522/richird-warn N/A The us conquest of the philippines http://www.informationbible.com/article-the-us-conquest-of-the-philippines-210471.html Wed, 13 Jun 2012 13:00:00 GMT Despite the earlier successes of Spanish rule in the northern islands, Spanish authorities were forced to confront rebellions that were largely based on local grievances and were relatively easy to subdue. Spanish conquest of the philippines http://www.informationbible.com/article-spanish-conquest-of-the-philippines-210466.html Wed, 13 Jun 2012 13:00:00 GMT The Portuguese system of trade with Southeast Asia was first challenged by its larger Iberian neighbor, Spain. Having had a similar experience with centuries of Muslim rule... Relations between spanish rule and the moros http://www.informationbible.com/article-relations-between-spanish-rule-and-the-moros-210467.html Wed, 13 Jun 2012 13:00:00 GMT For understandable reasons, the transformation and benefits derived from Spanish rule and Catholic missions did not extend to the Muslims. Building the dutch empire in indonesia http://www.informationbible.com/article-building-the-dutch-empire-in-indonesia-210477.html Wed, 13 Jun 2012 13:00:00 GMT After Spain, the next colonial power to establish a colonial regime in Southeast Asia was the Netherlands. Bad debt and provision for doubtful debts http://www.informationbible.com/article-bad-debt-and-provision-for-doubtful-debts-189243.html Sat, 14 Apr 2012 13:00:00 GMT No business concern wants to sell goods or services to a customer on credit basis who may prove unable or unwilling to pay his debts. Calculation of profit under partnership http://www.informationbible.com/article-calculation-of-profit-under-partnership-189305.html Sat, 14 Apr 2012 13:00:00 GMT When the accounts of a partnership are maintained under the single entry system, the calculation of profit or loss is made along the lines indicated above. Two systems of ascertaining profit or loss http://www.informationbible.com/article-two-systems-of-ascertaining-profit-or-loss-189216.html Sat, 14 Apr 2012 13:00:00 GMT It has been discussed that every business concern ascertains profit or loss of the business at the end of the year through Final Accounts. Unearned revenue http://www.informationbible.com/article-unearned-revenue-189235.html Sat, 14 Apr 2012 13:00:00 GMT When payment is received for services prior to the time that they are performed or rendered... Two types of expenditure and receipts http://www.informationbible.com/article-two-types-of-expenditure-and-receipts-189279.html Sat, 14 Apr 2012 13:00:00 GMT It may be recalled that one of the fundamental concepts of accounting is “Matching Concept”. Depreciation of assets http://www.informationbible.com/article-depreciation-of-assets-189237.html Sat, 14 Apr 2012 13:00:00 GMT Depreciation means loss on account of use of an asset or decrease in its value on account of passage of time or decrease... Capital and revenue payments http://www.informationbible.com/article-capital-and-revenue-payments-189282.html Sat, 14 Apr 2012 13:00:00 GMT It may be noted that there is a difference between an expenditure and payment. Accrued expenses payable http://www.informationbible.com/article-accrued-expenses-payable-189229.html Sat, 14 Apr 2012 13:00:00 GMT The expenses that have been incurred during the current year (the services have been received during the current year) Capital expenditures http://www.informationbible.com/article-capital-expenditures-189269.html Sat, 14 Apr 2012 13:00:00 GMT An expenditure which results in the acquisition of permanent asset which is intended to be permanently used in the business for the purpose of earning revenue is known as capital expenditure. Prepaid expenses in accounting http://www.informationbible.com/article-prepaid-expenses-in-accounting-189230.html Sat, 14 Apr 2012 13:00:00 GMT The expenses which have been paid during the current year but the services or benefit against them have not been received... Interest on capital http://www.informationbible.com/article-interest-on-capital-189239.html Sat, 14 Apr 2012 13:00:00 GMT A business is regarded as an economic unit distinct from the owner/owners and the amount invested by the owner/owners is regarded as liability of the business (business has borrowed this money from the owner). Recovery of bad debts http://www.informationbible.com/article-recovery-of-bad-debts-189250.html Sat, 14 Apr 2012 13:00:00 GMT The debts may be collected after they have been written off as bad. This is-known as ‘Recovery of Bad Debts’. Errors not causing disagreement of trial balance http://www.informationbible.com/article-errors-not-causing-disagreement-of-trial-balance-189287.html Sat, 14 Apr 2012 13:00:00 GMT These errors have no effect on the agreement of the trial balance and it agrees in spite of the existence of such errors. These are not detected by the trial balance and are divided into the following five groups. Errors causing disagreement of trial balance http://www.informationbible.com/article-errors-causing-disagreement-of-trial-balance-189286.html Sat, 14 Apr 2012 13:00:00 GMT Suppose, goods sold to M. Asif Rs. 2000 are correctly recorded in the Sales Book, but erroneously debited twice in Mr. Asif Account in the ledger. For this error, the total of debit column of trial balance will be Rs. 12000 excess. Capital and revenue expenditures http://www.informationbible.com/article-capital-and-revenue-expenditures-189268.html Sat, 14 Apr 2012 13:00:00 GMT Whenever we spend money we exchange it for some useful goods or services, but the benefit received from the expenditure varies in duration. Capital and revenue losses http://www.informationbible.com/article-capital-and-revenue-losses-189281.html Sat, 14 Apr 2012 13:00:00 GMT This is a loss suffered by a business on the sale of a fixed asset or it is incurred on raising capital of a joint stock company. Balance sheet in accounting http://www.informationbible.com/article-balance-sheet-in-accounting-189209.html Sat, 14 Apr 2012 13:00:00 GMT Balance Sheet is a list of the accounts having debit balance or credit balance in the Ledger. Revenue expenditures http://www.informationbible.com/article-revenue-expenditures-189270.html Sat, 14 Apr 2012 13:00:00 GMT All the expenditures which are incurred in the day to day conduct and administration of a business and the effect of which is completely exhausted... Classification of assets http://www.informationbible.com/article-classification-of-assets-189211.html Sat, 14 Apr 2012 13:00:00 GMT Assets which have some market value are called real assets, e.g. Building, Machinery, Stock, Debtors, Cash, and Goodwill etc. Real assets may be divided into two according to their permanence. Classification of liabilities in accounting http://www.informationbible.com/article-classification-of-liabilities-in-accounting-189214.html Sat, 14 Apr 2012 13:00:00 GMT The total amount of debts payable by a business to its owner is called ‘Internal Liability’, e.g. Owner’s equity (capital), Reserves etc. Adjustments in accounting http://www.informationbible.com/article-adjustments-in-accounting-189223.html Sat, 14 Apr 2012 13:00:00 GMT There are some accounts in the ledger ‘which do not show their true or correct balances and they need some adjustments to be made in them. Capital and revenue profits http://www.informationbible.com/article-capital-and-revenue-profits-189280.html Sat, 14 Apr 2012 13:00:00 GMT Capital profit is a profit which is earned on the sale of a fixed asset or profit earned on raising capital for a company (by issuing shares at premium). Types of adjustments in accounting http://www.informationbible.com/article-types-of-adjustments-in-accounting-189225.html Sat, 14 Apr 2012 13:00:00 GMT 1. Accrued Expenses or outstanding Expenses or Expenses payable Accrued revenue http://www.informationbible.com/article-accrued-revenue-189232.html Sat, 14 Apr 2012 13:00:00 GMT There may be a revenue which we have earned or which has become due in the current year but has not been received... Necessity for provision for doubtful debts http://www.informationbible.com/article-necessity-for-provision-for-doubtful-debts-189247.html Sat, 14 Apr 2012 13:00:00 GMT Provision means setting aside an amount out of profit for a possible loss or liability, the amount of which cannot be determined exactly. How bad debts are treated http://www.informationbible.com/article-how-bad-debts-are-treated-189248.html Sat, 14 Apr 2012 13:00:00 GMT If there is a provision for Doubtful Debts A/c already existing in books (Trial Balance),-Bad debts are not transferred... Worksheet accounting http://www.informationbible.com/article-worksheet-accounting-189253.html Sat, 14 Apr 2012 13:00:00 GMT Throughout an accounting period, all the activities of accountants are confined merely to the journalisation of transactions and their posting to the ledger, accounts. Financial statements in accounting http://www.informationbible.com/article-financial-statements-in-accounting-189255.html Sat, 14 Apr 2012 13:00:00 GMT Financial information is conveyed to users in a variety of reports (statements) and schedules.... Income statement in accounting http://www.informationbible.com/article-income-statement-in-accounting-189259.html Sat, 14 Apr 2012 13:00:00 GMT An income statement shows the results of operating for a period of time. Different items of income statement http://www.informationbible.com/article-different-items-of-income-statement-189263.html Sat, 14 Apr 2012 13:00:00 GMT It is the gross amount of goods sold or services performed during an accounting period. Define balance sheet in accounting http://www.informationbible.com/article-define-balance-sheet-in-accounting-189264.html Sat, 14 Apr 2012 13:00:00 GMT Balance sheet shows the financial position or condition of an organization at a particular point in lime. In fact, it is sometimes referred to as a position statement or a statement of condition. Capital and revenue http://www.informationbible.com/article-capital-and-revenue-189267.html Sat, 14 Apr 2012 13:00:00 GMT As we know, in every business transaction either there is an inflow of money or an outflow of money. Deferred revenue expenditure http://www.informationbible.com/article-deferred-revenue-expenditure-189273.html Sat, 14 Apr 2012 13:00:00 GMT This is a revenue expenditure, the benefit of which is not confined to one accounting year-- ii extends to future accounting year or years also. Capital and revenue receipts http://www.informationbible.com/article-capital-and-revenue-receipts-189278.html Sat, 14 Apr 2012 13:00:00 GMT In this chapter we have discussed only one aspect of a business concern--the spending of money for the acquisition of assets and services. Rectifying of accounting errors http://www.informationbible.com/article-rectifying-of-accounting-errors-189285.html Sat, 14 Apr 2012 13:00:00 GMT Chief use of the trial balance is to check the accuracy of the bookkeeping. Trial balance does not agree http://www.informationbible.com/article-trial-balance-does-not-agree-189289.html Sat, 14 Apr 2012 13:00:00 GMT If the trial balance does not agree, it is sure that there are errors in the books of accounts. Agreement of trial balance by opening suspense account http://www.informationbible.com/article-agreement-of-trial-balance-by-opening-suspense-account-189292.html Sat, 14 Apr 2012 13:00:00 GMT We have discussed different steps by which errors are detected and the trial balance is made to agree. How the errors are rectified in accounting http://www.informationbible.com/article-how-the-errors-are-rectified-in-accounting-189294.html Sat, 14 Apr 2012 13:00:00 GMT The errors in books of accounts must first of all be located and then rectified. But the question is how to certify the errors. Correction of two sided errors in accounting http://www.informationbible.com/article-correction-of-two-sided-errors-in-accounting-189298.html Sat, 14 Apr 2012 13:00:00 GMT These errors affect two or more accounts and are usually rectified with- the help of journal entries... Effect of errors on the final accounts and net profit http://www.informationbible.com/article-effect-of-errors-on-the-final-accounts-and-net-profit-189299.html Sat, 14 Apr 2012 13:00:00 GMT It has already been discussed that best efforts should be made to locate and rectify the errors before preparation of Final Accounts for the years. Accounts from incomplete records http://www.informationbible.com/article-accounts-from-incomplete-records-189300.html Sat, 14 Apr 2012 13:00:00 GMT We have now learned much about the double—entry system of record keeping both from the broad point of view and the narrow technical point of view as the means of providing a continuous record of business transactions... Profit determination by increased net worth method http://www.informationbible.com/article-profit-determination-by-increased-net-worth-method-189303.html Sat, 14 Apr 2012 13:00:00 GMT The businessman who does not keep written records can see, as the years go by, a gradual increase in the assets of his business. Disadvantages of single entry system http://www.informationbible.com/article-disadvantages-of-single-entry-system-189304.html Sat, 14 Apr 2012 13:00:00 GMT It is not possible to obtain accurate information regarding the results of business operations. Calculation of missing figures http://www.informationbible.com/article-calculation-of-missing-figures-189306.html Sat, 14 Apr 2012 13:00:00 GMT The figure of opening stock if not given can be ascertained by applying gross profit percentage to sales.