Financial Statements

yes..

sales ledger

Physical Characteristics

There are three types of pangolin -the giant pangolin, the tree pangolin and the most common, the ground pangolin. Pangolins have small heads and broad tails. They have no teeth and external ears, although their hearing is good. Their sense of scent is well-developed, but their sight is bad. The weight of the protective scales and skin make up about 20% of the pangolin's total weight. The animal protects itself by scratching with the hind legs and lifting its scales so the claws can reach the skin. It also uses its tongue to remove insects from under the scales.

Diet

Pangolins use their sense of smell to locate termite and ant nests. They dig the insects from mounds or holes with their claws and use their extremely long tongues to eat them. In a resting position the tongue is pulled back into a sheath that retracts into the chest area.

Behaviour

Pangolins are nocturnal so they remain in their burrows during the day. All pangolins are able to roll themselves into a ball to defend themselves, and it takes a lot force to unroll them. The cutting action of their armor-plated scales, worked by powerful muscles, protects them too, by inflicting serious wounds on anything inserted between them.

Pangolins normally live by themselves. Females are usually alone with their young, but occasionally are accompanied in their burrow by a male pangolin. At this time the infant begins to accompany the mother, riding on the base of her tail. If the mother senses danger the baby slips under her and is protected by her when she rolls up her body into a ball.

ompleteness demands all financial transactions represent the final picture of each business activity. Companies must record each transaction in its full form. If a transaction has multiple parts that will occur over time, accountants must only record the portion that affects the current accounting period. Disclosures are often necessary to inform stakeholders about long transactions. Any schedules or other calculations necessary to record transactions may also need disclosure to stakeholders.

Relevance means that a financial transaction has an impact on the company. For example, the cost paid several years ago for assets should not factor into replacement decisions. The price paid originally is not likely to occur again. Therefore, accountants should not include the information in any reports for making new a purchase. Another example of relevance in substance over form is where cost differs under different alternatives; only the alternative considered has a relevant cost.

Accuracy in substance over form dictates all transactions recorded are free from error. Calculations should be clear and concise, showing the effect of financial information. In many cases, an accounting manager or supervisor may need to sign off on accounting reports and statements. This signature indicates a second person reviewed the documents, calculations, and transactions for accuracy. Reconciliations may also be necessary to test for accuracy.

FleetBoston Financial Corporation, 1999-2001, president and chief operating officer; 2001-2004, chief executive officer; 2002-2004, chairman

At an average of 26.3 pounds per person in 2002, per capita rice consumption has doubled since the late 1970s.

This type of fund is considered relatively risky and more volatile than many other funds because it typically focuses on securities of companies or industries with unproven potential for strong growth

NO! Prepaid expenses are assets!!

It will be on the asset side under the heading of current assets in the balance sheet.

Hi Sir

Retained earnings are not shows any effect on your income, because it is same, neither decreased gains or nor increase losses.

yes you of course can maintain a associate company with your company in SEO.But you have to pay them.

debit asset

credit bank

Drawer is the authorized person to make the note, check, bills of exchange etc. He is also known as maker of instrument(note,boe,check).

Drawee is the person who makes the payment for the bill or instrument written.

Normally you would find that under Administrative Expenses.

Retained earnings can become negative, creating a deficit. The retained earnings general ledger account is adjusted every time a journal entry is made to an expense or income account.

NPV decreases with increasing discount rates.

(Actual Sales-Plan)/Plan % Result

If the company is publicly owned and must submit financial statements to the Securities and Exchange Commission (SEC), an annual financial audit is a basic requirement

The statement of net assets displays information about the government as a whole, reports all financial and capital resources, and assists the financial statement user

The FASB has the authority to establish GAAPs but has no authority to enforce its standards. The SEC and the AICPA are the organizations that provide the enforcement mechanism.

The AICPA's Accounting Standards Executive Committee (AcSEC), which works closely with the FASB and its staff, is the senior technical committee of the AICPA authorized to set accounting standards and to speak for the AICPA

it is based on the transfer of responsibility for resources or actions from the citizens to some other party, such as the management of the governmental entity.

yes changes in capital is shown in cash flow from financing activities in cash flow statement.

Changes in retained earnings are shown in cash flow from financing activities.

Depreciation is added back to net income to arrive on cash flow from operating activities because depreciation itself don't cause any inflow or outflow of cash that's why it is added back to net operating income.