Financial Statements

no. there is no such bank in Ghana as at now.

Yes but since it is highly contagious it matters what your job is. It is really best to stay home until the anti-biotics kick in. If you do go be sure not to touch your eye or the area around it and eash your hands as frequently as you can. Do not touch things that you can avoid touching, like other people's pens, desks, phones etc. Hope this helps!

To record payroll for month end:

D R Payroll Expenses

CR Cash

CR 401 Payable

To pay 401k plan

DR 410k Payable

CR cash

Option B is correct one and that is the portion of the asset;s cost that has not yet been charged to expense.

In balance sheet asset side

Accounting Entry:

[Debit]Cash 8000

[Debit]Accumulated Depreciation 3000

[Credit] Machine 10000

[Credit]Profit on Sale 1000

a separate schedule

asset, liability equity, investment by owners, distructions to onwners, comprehensive income, revenues, expenses, gains and lossesType your answer here...

The development rebate reserve is created out of development rebate. It is a special allowance, which the government extends in direct taxes to encourage investment, over and above depreciation on plant and machinery installed and commissioned. It is treated as the first charged on profits after depreciation. If, owing to inadequacy of profits it cannot be so charged, it can be carried forward to be charged against the profits of subsequent years. While depreciation reduces net value of the fixed asset and cannot exceed 100% of their original cost, development rebate leaves the net value of the assets untouched. The development rebate is applicable only to plant and machinery and not to all fixed assets. Both depreciation and development rebate augment the cash flow of a business.

Cash discounts are a liability.

Balance Sheet

Among occupations in which accounting training is perceived to be valuable are budget officers, lending officials in banks, securities advisers, financial analysts, Federal Bureau of Investigation agents, and financial managers in not-for-profit entities

Residual values are a portion of the returns to be earned in an investment that is returned to the business when the investment is sold or the project is terminated. This can be most important in the liquidation of inventory and receivables.

Because few going concerns are paid the moment someone buys their product. The customers are billed at certain times during the month and if paid the amount in A/R will go down and cash will go up. The purchase is reflected on the customers balance sheet as an Account Payable which will go down when the supplier is paid. They no longer owe money for their purchase. Their cash account will go down as well because they had to take the money out to pay the supplier.

CNBC TV18 has the tagline 'Profit from it'

The cash flow projection forecast is used by a business owner to predict future money requirements. This is done to avoid overspending and bankruptcy.

Goodwill in an intangible asset. It can be purchased or internally-generated.

Purchased goodwill can occur when a businesses purchases a company's assets for more than their fair value.

Internally-generated goodwill can arise for a few reasons, such as the fact that a company develops a reputation in the industry and in the market. Such a factor is an asset to the company, but is not tangible. I believe accounting principles are fairly restrictive on this type of goodwill.

"What are the limitations of profit and loss account?"

Sorry, but your question is too general/can be read too many different ways. Are you asking (1) what ratios to use if you are evaluating whether or not to invest in a bank, (2) what ratios do banks use when evaluating whether or not make a commercial loan, (3) what ratios do banks use when evaluting consumer loan applications, or (4) something entirely different. Please repost a more specific question.

costs

Broadcast cash flow (BCF) is a financial metric for Broadcasting companies. It may be defined as follows:

Operating income

Add:Depreciation and amortization

Add: Programamortization

Add: Non-cash equity based compensation

Add: LMA fees and corporate overhead

Less: Program payments (adjusted to reflect reductions for impaired or expired rights in connection with acquisitions)

EBITDA is defined as BCF less corporate overheadexpenses. BCF is reported by some broadcasting companies because it is believed such data is a useful measure for evaluating the Company's operatingperformance. Broadcast cash flow and EBITDA eliminate the effect of depreciation and amortization which relate to acquisitions under the purchase method of accounting and the impact of accelerated program amortization and the impact of corporate expenses, and allow for an evaluation of the operating performance of the Company and its stations relative to that of the Company's competitors which may not have similar depreciation, amortization or corporate structures.

The different company's definition of broadcast cash flow and EBITDA may not be comparable to similarly titled measures presented by other companies.

Broadcast cash flow and EBITDA are not, and should not be used as an indicator or alternative to operating income Net loss or cash flow as reflected in the consolidated financial statements in organization

(source:http://www.irconnect.com/acme/pages/news_releases.html?d=2768)

Treasury stock is a contra-equity account. It reduces shareholder's equity to its true value.

balance sheet