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Explain stages of Double Entry System of accounting

Assignment Help Accounting Basics
Reference no: EM131924880

Introduction to Cost Accounting Assignment -

An 800 to 1000 essay in answer to your chosen essay question. Your essay should give a coherent and well supported answer to the question asked.

Assignment Questions - For your individual assignment please choose ANY ONE of the following 3 questions: Take Q1 and solve it as the requirement

1. The Use of Double Entry and Accounting Systems

  • Define Double Entry System and explain about its origin.
  • Explain about 3 stages of Double Entry System of accounting.
  • Merits and Demerits of Double Entry System of Accounting.
  • Explain the Modern Approach of Double Entry System of Accounting.

2. Introduction to Accounting and Recording Transactions and Events

  • Characteristics of Accounting.
  • Explain Internal and External Factors affecting Capital Structure.
  • How will you determine the cost of missing inventory?
  • What is Depreciation and explain main types of Depreciation Methods

3. Trial Balance and Basic Financial Statements

  • What is Cash Flows statement and explain its segments.
  • Steps in accounting Cycle process.
  • Objectives and Methods of Trial Balance.
  • Explain Basic Financial Statements and its Limitations.

Verified Expert

This assignment is focused on the double entry system of accounting in which the business financial transactions are recorded in two different accounts.We have also discussed about the stages of double entry system and its merits and demerits.

Reference no: EM131924880

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Reviews

len1924880

4/2/2018 7:18:25 AM

No Of Pages/Words: 1000, Message : dear sir I wont to make for me this assignment and all information is in the fill upload ... in the fill there is 3 question take Q1 and solve it as the requirement in the same fill .... more over i need the similarity less than 8%. An 800 to 1000 essay in answer to your chosen essay question. Your essay should give a coherent and well supported answer to the question asked. This Assignment will be worth 10 % of your course grade.

len1924880

4/2/2018 7:18:19 AM

Submission: Your assignment must be submitted by 4.00 pm on Tuesday 10 . An assignment cover sheet should be completed and attached to the front of each assignment. You should also put your student ID, course code, and page number on every page of your assignment, either in the header of footer. Please staple your assignment the top left hand corner. Do not use plastic covers or sheet protectors. The assignment must also be uploaded via the Turn-it-in Tool prior to the date of submission.

len1924880

4/2/2018 7:18:13 AM

It is the responsibility of each student to ensure that there is a low similarity index score. A high similarity index score must be investigated and rectified by the student prior to final submission of the assignment. Please use Harvard style of referencing. Please use Times New Roman, 12 sizes, 1.5 line space with justified alignment. Turn – it- In Submission Last Date: 5.00 pm 09 (Monday). Important Note: Late Submission Report will be penalized with reduction of marks.

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