Debt and Trial Balance Essay Example for Free

Debt and Trial Balance Essay DRIVE PROGRAM SEMESTER SUBJECT CODE NAME BK ID CREDITS MARKS ASSIGNMENT WINTER 2013 MBADS/ MBAFLEX/ MBAHCSN3/ MBAN2/ PGDBAN2 1 MB0041 FINANCIAL AND MANAGEMENT ACCOUNTING B1624 4 60 Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme. Q. No Questions Marks Total Marks 1 Give the classification of Accounts according to accounting equation approach with its meaning and examples. Compare the traditional approach with modern approach of accounting equation approach. Analyze the transaction under traditional approach. a. b. c. d. e. f. g. h. 20. 1. 2011 Paid salary Rs. 30,000 20. 1. 2011 Paid rent by cheque Rs. 8,000 21. 1. 2011 Goods withdrawn for personal use Rs. 5,000 25. 1. 2011 Paid an advance to suppliers of goods Rs. 1,00,000 26. 1. 2011 Received an advance from customers Rs. 3,00,000 31. 1. 2011 Paid interest on loan Rs. 5,000 31. 1. 2011 Paid instalment of loan Rs. 25,000 31. 1. 2011 Interest allowed by bank Rs. 8,000 Classification of accounting equation approach with meaning and examples Analysis of transaction –with accounts involved-nature of accountaffects and debit/credit 2 4 10 6 The following trial balance was extracted from the books of Chetan, a small businessman. Do you think it is correct? If not, rewrite it in the correct form. Debits Stock Purchases Returns outwards Rs. Credits 8250 Capital 12750 Sales 700 Returns inwards Rs. 10000 15900 1590 Discount received Wages and salaries Rent and rates Sundry debtors Bank Overdraft 800 2500 1850 7600 2450 Discount allowed Scooty Carriage charges Sundry creditors Bills payable 800 1750 700 7250 690 Journal entries of all the transactions Conclusion 3 6 10 4 From the given trial balance draft an Adjusted Trial Balance. Trial Balance as on 31. 03. 2011 Debit balances Furniture and Fittings Buildings Rs. Credit balances Rs. 10000 Bank Over Draft 16000 500000 Capital Account 400000 Sales Returns 1000 Purchase Returns 4000 Bad Debts 2000 Sundry Creditors 30000 Sundry Debtors 25000 Commission Purchases 90000 Sales Advertising 20000 Cash 10000 Taxes and Insurance 235000 5000 General Expenses 5000 7000 Salaries TOTAL 20000 690000 TOTAL 690000 Adjustments: 1. 2. 3. 4. 5. Charge depreciation at 10% on Buildings and Furniture and fittings. Write off further bad debts 1000 Taxes and Insurance prepaid 2000 Outstanding salaries 5000 Commission received in advance1000 Preparation of ledger accounts Preparation of trial balance 4 6 10 4 Compute trend ratios and comment on the financial performance of Infosys Technologies Ltd. from the following extract of its income statements of five years. (in Rs. Crore) Particulars 2010-11 2009-10 2008-09 2007-08 2006-07 27,501 22,742 21,693 16,692 13,893 Operating Profit (PBIDT) 8,968 7,861 7,195 5,238 4,391 PAT from ordinary activities 6,835 6,218 5,988 4,659 3,856 Revenue (Source: Infosys Technologies Ltd. – Annual Report) Preparation of trend analysis Preparation of trend ratios 4 Conclusion 5 4 10 2 Give the meaning of cash flow analysis and put down the objectives of cash flow analysis. Explain the preparation of cash flow statement. Meaning of cash flow analysis Objectives of cash flow analysis 3 Explanation of preparation of cash flow analysis 6 2 10 5 Write the assumptions of marginal costing. Differentiate between absorption costing and marginal costing. Assumptions of marginal costing (all 7 points) 4 Differences of marginal and absorption costing (Includes all 8 6 points) 10

Infrastructural Warfare and the Conditions of Democracy :: Warfare Violence Essays

Infrastructural Warfare and the Conditions of Democracy When political leaders refer to the September 11th attacks in New York and Washington as "war", what do they mean? It used to be that our concept of war was defined by a set of boundaries. Nation-states fought wars to defend their borders. They fielded armies, and those armies fought along front lines. Soldiers were separate from civilians, and the military domain was separate from the civilian domain. Soldiers ran the war from day to day; the civilian leadership gave the big orders and sat back. Those boundaries no longer apply, as much evidence shows: (1) If you want to destroy someone nowadays, you get into their infrastructure. You don't have to be a nation state to do it, and if your enemy retains any capacity for retaliation then it's probably better if you're not. (2) Because the fighting is all on television, the fine details of the fighting become political matters. Soldiers complain bitterly about politicians' interference, not understanding that technology has eliminated their zone of professional autonomy. The politicians are *right* to be interfering. (3) The US military thought that the Republicans would save them from the Democrats' boundary-breaching conceptions of the 21st century world, but Donald Rumsfeld's abortive reform efforts -- which are really attempts to transpose the traditionally narrow view of military affairs into a science-fiction key -- have only clarified how archaic the traditional conception of warfare really is. (4) During the campaign, George W. Bush harshly criticizied the "nation-building" activities to which military personnel have been assigned in Kosovo and elsewhere. The truth was that nation-building is a geopolitical necessity in a totally wired world, and that the soldiers themselves *like* serving in Kosovo -- they know that they are doing something useful for once. The nation-building goes on. (5) In the old days, the industry that produced military equipment was almost entirely separate from the industry that produced civilian equipment. But economies of scale in the production of technology, especially information and communications technologies, have grown so great that the military must buy much of its equipment from the civilian market, even though the civilian equipment is not hardened for military purposes (or even, in the case of computer security, for civilian purposes). (6) Even airplane hijackings have lost their old boundaries. It is becoming clear that the people in the plane that crashed in rural Pennsylvania had extensive communications to the ground, and knew about the first attack on the World Trade Center.

Absolute Poverty

POVERTY What is poverty? Poverty is the economic condition in which people lack sufficient income to obtain certain minimal levels of health services, food, housing, clothing, and education generally recognized as necessary to ensure an adequate standard of living. What is considered adequate, however, depends on the average standard of living in a particular society. Relative poverty is that experienced by those whose income falls considerably below the average for their particular society. Absolute poverty is that experienced by those who do not have enough food to remain healthy. However, estimating poverty on an income basis may not measure essential elements that also contribute to a healthy life. People without access to education or health services should be considered poor even if they have adequate food. CAUSES OF POVERTY One of the greatest challenges facing many least developed countries especially in the African continent is the worsening scourge of poverty with its attendant effects of unemployment, malnutrition, illiteracy, HIV/AIDS and destitution. There are many causes of poverty complex and multi-dimensional in nature. They involve among many others gender inequality, economical, political and social exclusion. Therefore any intervention measures designed to respond to the challenges above should be judged by their ability to positively make a significant dent on poverty at a micro level (lower levels of society such as the households or individual levels). There should be a clear linkage between macro level policies and micro level impacts in terms of reducing poverty or at least providing an environment for poverty reduction. Such a policy should be able to facilitate the delivery of basic needs to ordinary citizens and these include access to affordable food, health, education, shelter, water and sanitation, public information among many others. No one should be alienated from these basic and fundamental human rights on account of one’s poor economic status. IMPACT OF POVERTY ON BUSINESS OPERATIONS When a person doesn’t have disposable income he/she make purchases of commodities, goods and services. Therefore many cannot increase their sales. Production output drops. Some companies put their staff on short time. This further reduces disposable income. Financial sectors do not grant credit to low- income earners therefore the financial market suffers. Inflation rises. The GDP of the country drops. The price of goods and services increase. The people with low income and those that receive social grants do not have enough many to but commodities. Companies that do not make high turnovers cannot plough moneys back into communities for social upliftment. ALLEVIATION OF POVERTY BY THE GOVERNMENT Aid refers to the net flow of official development assistance provide by governments, international agencies, and public institutions of the industrialized countries. The term is also used to encompass help (both material and technical) provided by non- governmental organizations (NGOs) and voluntary agencies to countries and people in need, particularly for disaster or emergency relief. The overall portfolio of assistance of a donor, or the range of aid I provides to a particular country, is often referred to as its aid programme. The various recognized categories of aid such as: Bilateral aid * Project aid * Grant aid * Technical assistance * Emergency aid/Disaster relief * Food aid * Voluntary aid GLOBAL POVERTY! IS BUSINESS THE ANSWER? When activists discuss the way less developed countries have missed out on the benefits of globalization, Multinational Corporations are often portrayed as the villains. But to some, they are the solution and the only one. CONCLUTION In conclusion I would just like to say that we, as South Africans, need to show the world that we are strong and we are better prepared for global turmoil than we previously were. WE ARE HERE TO STAY!! Absolute Poverty POVERTY What is poverty? Poverty is the economic condition in which people lack sufficient income to obtain certain minimal levels of health services, food, housing, clothing, and education generally recognized as necessary to ensure an adequate standard of living. What is considered adequate, however, depends on the average standard of living in a particular society. Relative poverty is that experienced by those whose income falls considerably below the average for their particular society. Absolute poverty is that experienced by those who do not have enough food to remain healthy. However, estimating poverty on an income basis may not measure essential elements that also contribute to a healthy life. People without access to education or health services should be considered poor even if they have adequate food. CAUSES OF POVERTY One of the greatest challenges facing many least developed countries especially in the African continent is the worsening scourge of poverty with its attendant effects of unemployment, malnutrition, illiteracy, HIV/AIDS and destitution. There are many causes of poverty complex and multi-dimensional in nature. They involve among many others gender inequality, economical, political and social exclusion. Therefore any intervention measures designed to respond to the challenges above should be judged by their ability to positively make a significant dent on poverty at a micro level (lower levels of society such as the households or individual levels). There should be a clear linkage between macro level policies and micro level impacts in terms of reducing poverty or at least providing an environment for poverty reduction. Such a policy should be able to facilitate the delivery of basic needs to ordinary citizens and these include access to affordable food, health, education, shelter, water and sanitation, public information among many others. No one should be alienated from these basic and fundamental human rights on account of one’s poor economic status. IMPACT OF POVERTY ON BUSINESS OPERATIONS When a person doesn’t have disposable income he/she make purchases of commodities, goods and services. Therefore many cannot increase their sales. Production output drops. Some companies put their staff on short time. This further reduces disposable income. Financial sectors do not grant credit to low- income earners therefore the financial market suffers. Inflation rises. The GDP of the country drops. The price of goods and services increase. The people with low income and those that receive social grants do not have enough many to but commodities. Companies that do not make high turnovers cannot plough moneys back into communities for social upliftment. ALLEVIATION OF POVERTY BY THE GOVERNMENT Aid refers to the net flow of official development assistance provide by governments, international agencies, and public institutions of the industrialized countries. The term is also used to encompass help (both material and technical) provided by non- governmental organizations (NGOs) and voluntary agencies to countries and people in need, particularly for disaster or emergency relief. The overall portfolio of assistance of a donor, or the range of aid I provides to a particular country, is often referred to as its aid programme. The various recognized categories of aid such as: Bilateral aid * Project aid * Grant aid * Technical assistance * Emergency aid/Disaster relief * Food aid * Voluntary aid GLOBAL POVERTY! IS BUSINESS THE ANSWER? When activists discuss the way less developed countries have missed out on the benefits of globalization, Multinational Corporations are often portrayed as the villains. But to some, they are the solution and the only one. CONCLUTION In conclusion I would just like to say that we, as South Africans, need to show the world that we are strong and we are better prepared for global turmoil than we previously were. WE ARE HERE TO STAY!!

What Are The Ethical Issues Of Solitary Confinement

What are the Ethical Issues of Solitary Confinement? What are ethics? Why is it important? Ethics can be defined as â€Å"the discipline dealing with what is good and bad and with moral duty and obligation; or â€Å"a set of moral principles (Merriam-Webster, 2017)†. The reason ethics is important is because it gives us a basic understanding the difference between concepts and situations that are considered right or wrong. We as humans have learned a set of values and beliefs that tell us what is considered right and wrong, there are times when situations change and the standard of ethics changes, but generally it goes according to our beliefs and what society considers to be right and wrong. What is Solitary Confinement? Solitary confinement is†¦show more content†¦The department of Corrections first used this strategy as a way to assist with prison inmates who were uncooperative and dangerous to both correctional staff and fellow inmates. The horrors of solitary confinement. One man named Gabriel Eber who was a prison inmate at East Mississippi Correctional Facility retells the horrors of solitary stating â€Å"Men are kept in small, unsanitary isolation cells with scant human attention for months and years. Self-mutilation and suicide attempts are not uncommon (Rienzi, 2015)†. There are thousands of inmates who spend 23 hours a day, in a windowless cell alone without human interaction. One account from Kate Edwards who runs an advocacy group known as â€Å"Wisdom† in one of New York State’s correctional facilities states â€Å"They would change in disturbing ways†, â€Å"They became unkempt, less able to focus. As the weeks went by, they would look more and more distressed. I was watching them disintegrate. (Lueders, 2015)†. The reality is that inmates that are locked away from 23 hours a day for weeks or even years, facing severe repercussions that ultimately do more harm than good . Inmates are locked away and having no interaction at all and nothing to do. â€Å"They face crushing depression and anxiety. They scream and cry. They slash and bite their own flesh. They smear feces on the wall. They try to kill themselves with pens, paperclips, bed sheets, with metal fromShow MoreRelatedSolitary Confinement Units1172 Words   |  5 PagesThe Pennsylvania system constructed in the early 1800s inspired solitary confinement by using extreme isolation to deter future crime. In the twentieth century, inmates in solitary confinement would stay for short periods. According to Craig, people would stay in secure housing units for a couple of days or weeks (Weir, 54). Nowadays solitary confinement has become very popular. Inmates are being sent to solitary confinement for indefinite periods of time ranging from weeks to years. An UrbanRead MorePersuasive Essay On Prison Segregation1490 Words   |  6 PagesWhen it comes to segregation in prisons, there is a great deal of controversy. There are people who argue that this type of segregation (also referred to as solitary confinement) is necessary in certain situations, while others find that it is absolutely unnecessary and should be abolished. Ashley Smith was one such individual that spent most of her sentence in segregation until she took her own life. In the case of Smith, there was a lot more that should have been done to prevent her tragic demiseRead MoreCriminalization Of The Mentally Ill1486 Words   |  6 Pagesillnesses. This issue is unethical because these persons cannot help the fact that they have a mental illness and are being convicted due to their behaviors that would not be present if they were being treated properly. It also seems as though no one knows what to do with people who have a mental illness and display behaviors, so they lock them up so that society is not disturbed. Another startling fact is that many of the inmates with mental illness are put into solitary conf inement. Knowles (2015)Read MoreSolitary Confinement, By John Stuart Mill Essay2230 Words   |  9 PagesLocked up, boxed off, silence, loneliness, those are some of the many feelings and realities faced by prisoners who are hidden away in solitary confinement. Solitary confinement is where prisoners are brought to be punished, they are separated from the main population and thrown into a small empty room, with a locked door and a tiny window that opens up for guards to slide the food into the room. The inmates here are isolated from nearly all forms of human stimulation and get out at most one hourRead MoreSolitary Confinement Is The United States State Penitentiary2391 Words   |  10 PagesMerriam-Webster dictionary, Solitary Confinement is the confinement of a prisoner in a cell or other place which he or she is completely isolated from any and everyone. Merriam Webster also states that even some prisoners are held from 22.5 to 24 hours a day. Solitary confinement is sometimes referred to as isolation, segregation, separation, and cellular confinements so that it seems different from solitary confinement or too make it sound like a less harsh punishment. Solitary Confinement is a huge controversyRead MoreThe Ethical Treatment of Prisoners3418 Words   |  14 Pagesï » ¿The ethical treatment of prisoners is a surprisingly contentious topic, considering how much is known about the conditions and contexts in which human beings function optimally, both physically and mentally. However, ethical discussions frequently have very little to do with what best allows human beings to thrive and function, but instead concern themselves with formulating rules and standards of acceptable behavior, usually out of the mistaken belief that these rules or standards represent someRead MoreTheory Of Kalief Browder1324 Words   |  6 Pagesblank going in. He did not inherit anything that could help him or influence survival in this environment so, he had learned how to sur vive based on the things he learned during his time of imprisonment. Equally important, his experiences from solitary confinement conditioned his suicide behavior. Growing up in Child Protective Services care due to a drug addicted mother may have contributed to Browder’s prison experience. He may have viewed being removed from his mother’s care as a sign of unfairnessRead MoreMental Health Services At The Detention Hospital965 Words   |  4 Pagesit is ethical for psychologists to participate in nontraditional clinical activities. The detainees of Guantanamo Bay are sent to officials through a referral process and are provided with multiple psychological and psychiatric therapies. The purpose of this study, was to address the situation at Guantanamo Bay and show that detainees is treated with the best possible care. The treatment of detainees are an important thing, because these individuals are humans and have rights, despite what they areRead MoreMany Death Row Inmates Endure A Plethora Of Years Within1065 Words   |  5 Pagesyears within a prison, the majority of the time in solitary confinement with no social interaction, very little exposure to the environment, and in a room with bare walls or the necessities: a bed, sink, and toilet along with other hygienic needs such as a toothbrush, toilet paper, etc. Prisoners sit awaiting their execution day for years. Through my research there has been an abundance of evidence examining the situation of whether or not this is ethical/moral. These questions have been addressed, butRead MoreThere Are A Few Different Types Of Insanity Pleas In The1264 Words   |  6 Pagesnot guilty by reason of insanity if at the time of committing the act, he was laboring under such a defect of reason from disease of the mind as not to know the nature and quality of the act he was doing, or if he did know it, that he did not know what he was doing was wrong. (emphasis added) This test is also commonly referred to as the right/wrong test (â€Å"A crime of insanity - insanity on trial,† 2014). Twenty-two jurisdictions use some variation of the Model Standard set out by the American