COMPLETING THE ACCOUNTING CYCLE- CHAPTER 4
The worksheet for Ellis Company has been completed through the adjusted trial balance. You are
ready to extend each amount to the appropriate financial statement column. Indicate for each
University of California, Santa Barbara
Accounting in Action
After studying this chapter, you should be able to:
 Explain what accounting is.
 Identify the users and uses of accounti
Showvonick Datta (Summer 2016)
What is the purpose of accounting?
The purpose of accounting is to identify, record, and communicate the economic
events of an organization to interested users.
Accounting is based on assumption
Accountants divide the economic life of a business into artificial time periods. This
convenient assumption is referred to as the time period assumption.
Accounting time periods are generally a month, a quarter, or a year. Monthly and quarterly
What is an account?
An account is an accounting record of increases and decreases in a specific asset, liability, or owners
equity item. For example, Softbyte (the company discussed in Chapter 1) would have separate
CHAPTER 18: FINANCIAL STATEMENT ANALYSIS
Selected financial statement data for Morton Company are presented below.
Total current liabilities
December 31, 2011
Financial Accounting (ACT 201)
SECTION: 4 & 7
This paper contains 4 questions. You are asked to solve all 4 questions in your respective
1) It must be hand written.
2)All rough work must be shown clearly.
Master Budget of Inky
Summer - 2016
Miss, Bushra Ferdous Khan
Department of Accounting & Finance,
North South University.
Letter of Submission
Date of submission
Differentiation and Positioning: What Does Your
Business Stand For?
The topic I have chosen to work on this assignment is
differentiation and positioning from chapter 7 where I learnt that
TOBACCO CONSUMPTION AND ITS
EFFECTS IN BANGLADESH
Tobacco has been smoked for at least the last three
thousand years. Christopher Columbus found it when he
landed in the Americas in 1492, but ancient temple
carvings show tobacco being smoked
Bashundhara Paper Mills Limited, previously known as Bashundhara Tissue
Industries Limited, was established in 1995 as the countrys first basic tissue
manufacturing factory at the face of growing popularity of tissue with fast
HELLO everyone, a hearty good morning to you all. I
am wasef, here to talk about an essential part of any
business and its strategy and its being known as
differentiation and positioning. I would firstly talk a
little about it and then move on along the d
Humankind is face to face with the global pandemic of AIDS. The vast majority
of HIV infected people live in developing countries. Asian countries are now
grappling with the health and socio-economic impacts of AIDS. AIDS is one of
the most c
HIV/AIDS as a public health issue
Over the past decade the AIDS response has played a
major role in producing better health outcomes for people
in developing countries. The response mobilizes new
advocates, networks, governments and stakeholders every
Bangladesh experienced a rapid decline in fertility by family planning program where
contraceptive was considered as one of the control concepts for reducing maternal and child
mortality. The aim was to find the current situation of using tr
Neosha River Resort opened for business on June 1 with eight air conditioned
units. Its trial balance before adjustment on 31st August is as follows.
Neosha River Resort
August 31, 2010
Mark Miller started his own delivery services, Miller Deliveries, on June 1, 2010.
The following transactions occurred during the month of June.
Mark invested $10,000 cash in the business.
June 2 Purchased a used van for delive
Jack Shellenkamp owns and manages a computer repair service, which had the
following trial balance on December 31, 2009 (end of financial year)
CHAPTER 6: MEASURING AND REPORTING INVENTORIES
Accurate inventory records are an essential part of the accounting records of a
merchandising/manufacturing company, as it affects the companys balance sheet as asset and also
the net income via the cost of g
(a) Under thecost principle,theacquisition costforaplant asset
it ready for its intended use. For example, the cost of factory
Work in Process
Regardless of the classification, companies report all inventories under
BRAC BUSINESS SCHOOL
ACT: 201: Financial Accounting
[Sunday & Tuesday: 08:00 am to 9:20 am
Monday & Wednesday9:30 a.m.1:50 p.m
Thursday: 8:00 A.M to
Instructions on Comprehensive Assignment Paper
ACT-201: Financial Accounting
Summer Semester 2016
BRAC Business School
The following assignment will test your knowledge on the course ACT 201. The four
exercises given are all comprehensive and co
Act 201 (Section 5)
Select a company listed in Dhaka Stock Exchange (www.dsebd.org) and collect an annual report of latest fiscal
year. Once collected,
1) What is the mission, vision and values of the selected company
Luca Pacioli: The Father of Accounting. In 1994, accountants from around the world gathered
in an Italian village called San Sepulcro to celebrate the 500th anniversary of the first book
written on double-entry accounting. The book was written by an Itali
BRAC Business School
Group No. 01
Imam Muttakee Anik
Ayesha Sirajee Leena Antara Nishat Sharmin
Financial Condition &