Provision for Bad Debt The provision for bad debts has to do with making room in the balance sheet account for instances when a client is unable to redeem their debt. Also known as Allowance for Bad Debts, it makes provision for Bad Debts as a contra asset account (i.e., an asset account with a
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What is Depreciation of Fixed Assets? Depreciation is the systematic reduction in the recorded cost of a fixed asset. Examples of fixed assets that can be depreciated are buildings, furniture, leasehold improvements, and office equipment. The only exception is land, which is not depreciated (since land is not depleted over time, with the exception of
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Introduction Bank Reconciliation statement is prepared by the accountant when the cash book bank statement doesn’t match with the Pass Book. This is done with the intention of knowing the cause of the difference. Usually all firms open current Bank Account as there are so many transaction to record in the bank column of the
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Meaning of Land Reclamation Land reclamation, usually known as reclamation, and also known as land fill (not to be confused with a landfill), is the process of creating new land from ocean, riverbeds, or lake beds. The land reclaimed is known as reclamation ground or land fill. Land reclamation refers to the process of repairing
It is important to remember to do the following when making geometrical constructions- 1. Use a hard pencil with a sharp point. This gives thin lines which are more accurate. 2. Check that your ruler has good straight edge. A damaged ruler is useless for construction work. 3. Check that your compasses are not too
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Introduction to Tangent of an Angle The tangent is one of the three basic trigonometric functions, the other two being sine and cosine. These functions are essential to the study of triangles and relate the angles of the triangle to its sides. The simplest definition of the tangent uses the ratios of the sides of
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Introduction to Shorthand Principles There are 24 consonants, each consonant representing one single sound. In English language there are so many words which have compound consonants sounds (having more than one consonantal sound). To write these compound consonants, additional consonant strokes have not been provided in Pitman’s shorthand. Some of the existing consonants have been
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Introduction to Book Keeping Ethics Working in a bookkeeping role means that you have a responsibility for behaving in the interest of the public. You need to behave ethically and professionally which, at times, can be difficult due to conflicts between what is best for the public and what is best for the client or
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Introduction Puberty is the period during which growing boys or girls undergo the process of sexual maturation. In other word, Puberty is the time when a young person’s sexual and reproductive organs mature. Puberty involves a series of physical stages or steps that lead to the achievement of fertility and the development of the so-called
Introduction Living things have the ability to carry out the following activities: reproduction, movement, feeding, excretion, growth, respiration, irritability and death which make them different from non-living things. The major groups of living things are plants and animals. Types of Activities of Living Things Movement: Living things like man, goat, cat, etc. move from one
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