Accounting Principles Paper Essay Example

Accounting Principles Paper Essay Example Accounting Principles Paper Essay Accounting Principles Paper Essay THIS IS A NEW SPECIFICATION ADVANCED SUBSIDIARY GCE FOI ACCOUNTING Accounting Principles Tuesday 2 June 2009 Morning RESOURCE BOOKLET To be given to candidates at the start of the examination Duration: 1 hour INSTRUCTIONS TO CANDIDATES The information required to answer questions 1-2 is contained within this Resource Booklet. Do not hand this Resource Booklet in at the end of the examination. It is not needed by the Examiner. INFORMATION FOR CANDIDATES This document consists of 4 pages. Any blank pages are indicated. OCR 2009 [1-4/500/7722] sp (NE) T7701 5/2 OCR is an exempt Charity Turn over 2 on 30 April 2009. Rent General expenses Insurance Salaries Electricity Capital Motor expenses Bad debts Drawings Debtors Creditors Bank Stock 10% Loan Loan interest Carriage outwards Commission received Purchases Sales Purchases returns Sales returns Discounts allowed Discounts received Provision for doubtful debts Equipment Provision for depreciation of equipment Motor vehicles Provision for depreciation of motor vehicles 4 000 6 ooo 3 300 14 000 2 ooo cr 44 000 200 6 200 3 800 2 600 3 600 15000 1 250 700 730 56 ooo 108 ooo 2 500 4 800 520 48 ooo 14 400 36 ooo 0800 200 150 The following information is also available. Included in the general expenses is an item of equipment purchased during the year for El 200. This item has not yet been included in the equipment account. A cheque for E800 received from a debtor has not yet been entered in the accounts. At 30 April 2009, loan interest owing amounted to E250; electricity owing was E380; whilst insurance was prepaid by E460. During the year Paula Redwood had withdrawn, for her personal use, goods costing O OCR 2009 The closing stock as at 30 April 2009 was valued at E4 200. Commission receivable of El 50 was owing to Paula Redwood at 30 April 2009. FOI 1/ RB Junog 3 (Vii) The provision for doubtful debts is to be provided for a specific debt of E200, plus 2% of the remaining debtors. (Viii) One half of the 10% loan is repayable during the year ending 30 April 2010, and the balance after that date. Depreciation is to be provided as follows: 10% per annum on cost using the straight line method. A full years depreciation is provided on all office equipment held on 30 April 2009, regardless of the date of purchase. 25% by the reducing balance method. There were no additions or disposals during the year. REQUIRED The Trading and Profit and Loss Account of Paula Redwood for the year ended 30 April 2009 and the Balance Sheet as at 30 April 2009. [47] Total marks [47] Raymond Bow prepared the following aged debtors schedule for his business on 31 March 2009. 2 1 400 1 880 months Peter White Janet Black John Green Susan Yellow Sunil Orange Jose Violet Bret Purple Carlos Blue 1 800 over 6 Amount due 5 400 5 880 160 2 620 300 190 4 680 2 200 1 600 21 730 Debtor 10 100 1 ooo 620 150 1 340 210 490 The provision for doubtful debts as at 1 April 2008 was El 890. Jose Violet has recently been declared bankrupt. Raymond Bow has received payment of EO. 25 in the E in final settlement of the debt. The final settlement has not yet been processed through the accounts. The remainder of the amount due is to be treated as a bad debt. Raymond BOWS policy for dealing with outstanding debtors is to: (i) months; make specific provisions for all the other debts outstanding for between four to six write off as bad debts all amounts outstanding for more than six months; make a general provision of 3% on all the remaining outstanding debts. FOI 1 IRB Junog 4 a) Prepare the following ledger accounts of Raymond Bow for the year ended 31 March 2009, showing where appropriate the closing entry to the final accounts at the end of the year. (i) Jose Violet. Bret Purple. Bad Debts. Provision for Doubtful Debts. (b) The Profit and Loss Account extract for Bad Debts and Provision for Doubtful Debts for the year ended 31 March 2009. (c) The Balance Sheet extract for Debtors as at 31 March 2009. (d)* Discuss the reasons why a business needs to monitor and control its debtors. (e) Explain two factors used in determining the provision for doubtful debts. 10] Total marks [33] Copyright Information OCR is committed to seeking permission to reproduce all third-party content that it uses in its assessment materials. OCR has attempted to identify and contact all copyright holders whose work is used in this paper. To avoid the issue of disclosure of answer-related information to candidates, all copyright acknowledgements are reproduced in the OCR Copyright Acknowledgements Booklet. This is produced for each series of examinations, is given to all schools that receive assessment material and is freely available to download from our public website (www. r. org. uk) after the live examination series. If OCR has unwittingly failed to correctly acknowledge or clear any third-party content in this assessment material, OCR will be happy to correct its mistake at the earliest possible opportunity. For queries or further information please contact the Copyright Team, First Floor, 9 Hills Road, Cambridge CB2 1 PB. OCR is part of the Cambridge Assessment Group; Cambridge Assessment is the brand name of University of Cambridge Local Examinations Syndicate (UCLES), which is itself a department of the University of Cambridge. OCR 2009 FOI 1 IRB Junog

Pericles essays

Pericles essays The historian, more often than not, will have direct or indirect personal input and remarks in the historical account he is relating; the historical facts and figures obtained would flow together with his objective tendency for that particular event. The historian, Thucydides, exemplifies such, as he narrates the account of the Peloponnesian War. Reading excerpts from the mentioned historical account containing occurrences of the first years of the war, speeches from the general Pericles, as well as the historians judgment on him reveals certain illustrations of the values held by him as he infuses his text with personal opinions and evaluations, such as power, justice, virtue, equality, nobility, and rationality. Paying more attention to the speeches of Pericles the funeral oration and the last speech during the plague one sees a juxtaposition of opposites: rise and downfall, virtue and vice, democracy and mob rule. The reconstruction and inclusion of Pericles funeral oration emphasizes Pericles significance in the Peloponnesian War, being the general during the time who suggested war to his fellow Athenians. This inclusion is necessary in order to prove the greatness of Athens, which Thucydides found substantial enough for the citys description, having no need to expound on this exemplary fact anymore. In his speech, Pericles strengthens the wills and hearts of his fellow Athenians, especially relatives of those slain soldiers, speaking eloquently of life in their unyielding land, Ahtens its people, ancestors, customs, warfare, and government. This emphasis on the prominence of Athens justifies the demise of many of its patriotic citizens as they do not just become worthy of their country, but also immortal monuments...where their glory is laid up to be remembered forever...an unwritten record of the mind lives on for each of them, even in ...

Family Assessment Essay Example | Topics and Well Written Essays - 750 words

Family Assessment - Essay Example Caroline is 38 years old. She has a 15 year old daughter. Carol and her daughter lived alone until Carol’s recent marriage to Trey Reyes. Carol is a very successful Sales Manager and travels a lot with her company. Mrs. Janice Jackson and Carol have a very strong bond. Lenny is Mr. and Mrs. Jackson’s third child. Lenny Jackson is 33 years old married to Desiree and has one child, a son Marcus. Marcus is 9 years old. Shelldon Jackson is Mr. and Mrs. Jackson’s youngest child. Shelldon is 32 years old married to Leigha and together have a daughter 4 years of age. Lenny also has a son from a previous relationship. Lenny’s son Alex is 12 years of age. The Jackson family is extremely close. Mrs. Jackson is very involved in not only all of her children’s lives and activities but also those of her grandchildren. Mr. Jackson unfortunately is not allowed the same opportunity due to his rigorous work schedule. Mr. Jackson is a chef and has to be up early in th e morning to be at work for 4 am. So when he gets home he usually sleeps a lot of the time. Mr. Jackson is there whenever he can be. The Jackson Family is and always has been very female influenced and dominated. â€Å"A Woman’s intuition never steers wrong† is there family motto. The males have always taken the role as the main providers of the family. Mr. and Mrs. Jackson are very involved in their church community and scold their children when they are not. Mrs. Jackson was raised a strong Baptist believer. The children are not always able to be there because of work and busy schedules. Mrs. Jackson does not feel that is an appropriate excuse. There should always be time for God since He’s made time for you. The Jackson Family does manage to attend church together as a whole at least one Sunday out of the month. Developmental The Jackson Family has always declared home their safe haven. Which means no matter what mistakes you make in life, do not ever think h ome is no longer an option. Home in the Jackson Family is where the center and heart of love is. There is no problem too great to solve and no hurt too great that can’t be healed. Usually behind the solutions to every problem and every hurt was Mrs. Jackson. Mrs. Jackson is the backbone of the family, until about a year ago. About a year ago Mrs. Jackson was getting ready to leave work when all of sudden she could not catch her breath. After causing the serious concern of her co-workers an ambulance was called. Mrs. Jackson was taken to a nearby hospital and admitted. Mr. Jackson was notified and arrived right away. Not long after the entire Jackson Family was sitting in a waiting room waiting to hear news that would devastate them all. Mrs. Jackson kidneys were failing and she needed a kidney transplant right away. The entire family went through tests to see if they were matches none of them passed the test. Mrs. Jackson’s condition continued to get worse even on the dialysis treatment. Functional Mrs. Jackson has had to relearn how to live life. The change her family has seen in her is devastating. A once strong woman is now defeated and trying to survive. Now it’s the family’s turn to be the backbone. The only problem is Mrs. Jackson refuses to allow anyone to take her place even though the days become more and more difficult for her. Mr. Jackson finally decided to take a risky stand cutting his hours at work to be at home more with Mrs. Jackson to monitor her. This was of course against Mrs. Jackson’

Teacher's interview Essay Example | Topics and Well Written Essays - 500 words

Teacher's interview - Essay Example The teacher is the leader of the ship. If he knows his work, the ship will reach the destination, otherwise it can lose track. Guidance, discipline, and punishment are three points on a continuum with the guidance being on one extreme, discipline in the middle, and punishment being on the other extreme. Guidance means telling children what to do, when to do, why and how to do. Discipline means establishing rules and telling children to follow them or bear the effects of noncompliance. Punishment means discouraging wrong behavior by putting the child in an uncomfortable or inconvenient position in some way, like hitting or fining. I slightly disagree with the teacher that guidance, discipline, and punishment have to be on the same continuum but at different points. I think discipline comes first because the rules are the first to be established. Guidance is just helping children to follow the rules whereas punishment is the liabilities they have to face when they don’t comply with rules. So discipline basically lays the basis of guidance as well as punishment depending upon what the child demands. I don’t believe in punishing students until it is inevitable. I tell the students my rules and guide them in following the rules. Mostly I guide because that enables me to build a rapport with my students so that they become obedient. I agree to the teacher that punishment should be the last resort. A teacher should make every possible effort to avoid that. A teacher should first establish the rules and then guide the students so that they can follow them. This develops association between the teacher and the students and has a positive impact on the environment within the classroom. I think punishment is justified when all other ways of correcting the student’s inappropriate behavior have proved ineffective. For me, cheating is just as intolerable

Letter to Congress Essay Example for Free

Letter to Congress Essay My name is †¦ and I am writing as your constituent in the 53rd Congressional district of California. I am writing to ask you to cosponsor Rep. John Conyers Expanded and Improved Medicare for All Act (H.R. 676). United States House of Representatives Bill Number 676 is the proposed U.S. legislation to establish single-payer health care, improved Medicare for All, in the United States. It will establish lifelong, comprehensive coverage for health care. A single-payer system would take the charge of insurance premiums off of employers and put it on the people as a nation, where it belongs. I cant think of a more pro-business step that Congress could take at this time. Its also the right thing to do, the humane thing to do. Obamacare doesnt address the lack of sustainability of our healthcare system. It won’t keep insurance prices down, more than 30 million people will remain uninsured, and insurance companies will manipulate their way out of any imposed regulations. We will no longer be paying for a system that wastes $400 billion in excessive administrative costs, more of our health care dollars will be spent on health care, and more of the doctors and nurses time will be spent on caring for people. The result will be more time spent on prevention and wellness and the U.S. dramatically raising its life expectancy. As a Registered Nurse who has been employed at various managed care payers, I know firsthand the corruption and abuse that is typical of health insurance companies. It is political corruption that has allowed this situation to continue. Right now Congress and the President are fighting over how much to slash Medicare and Medi-Cal/Medicaid benefits. The American people dont want to see this happen. National, single-payer healthcare (H.R. 676) is pro-business, and pro-people. Please co-sponsor today. Thank you for your time and attention.

Cheating and Plagiarism - The Path to Self-destruction :: Argumentative Persuasive Essays

Plagiarism - The Path to Self-destruction Why do so many people use 123HelpMe.com simply to plagiarize other people's writing? Is it even possible that someone cannot write their own essay, or that someone cannot read a book of any length? If you plagiarize, aren't you sentencing yourself to failure? And if you cannot gather information, aren't you opening yourself to attacks from the System? I know many students who use sites such as 123HelpMe.com to "gather research" - steal other people's ideas and papers. Yet it still amazes me that people could be so naà ¯ve and lazy. Think about it: in high school, you are already expected to know whatever material you've been taught (hopefully). If you cannot get through high school without cheating, how well will you do in college? Professors check whether you have cheated, and you are required to write lengthy papers based on detailed research, which is not present on many Internet paper mills and notes sites. If you cannot read, write, and think on your own, you are doomed. Maybe not now, maybe not during your high school career, but eventually, you will flunk a class or get expelled for cheating. If your job requires you to write essays or gather information, and you "cheat" (gather information without citing it and getting permission) you will be sued and fired. During high school and college, you are more likely to hurt your grade than to get into serious trouble. (However, if your paper sounds too well written, or if a teacher finds that you stole information, you can still be expelled.) Let's face it: Cliffs Notes aren't the Holy Grail of research. If you read Cliffs Notes or Monarch Notes or 123HelpMe.com' essays, you are bound to miss important details. Any decent teacher will check whether you read a book, and to do so, he will ask you details and concepts from the work that you did not read. Cliffs Notes, shortchange you; there are few concepts and almost no details in those. Monarch Notes only have concepts. And most the free essays on 123HelpMe.com are filled typos and inaccuracies. Of course, one must pay a small fee to access the great and excellent essays on 123HelpMe.

Cross-cultural Communication Essay

In order to accomplish the task I decided to interview my friend from Italy who arrived to the USA after having won a language competition to live and study here and whom I recently visited in Italy. So, below you may see some differences and similarities of American and Italian culture. First of all he decided to rent a car since it was more convenient than a train or other transportation vehicle. He noted that there are almost no pedestrians in the streets as everybody drives a car. Also, he stated that American people take care of their life as no other culture in the world because they have a list of emergency calls in every household and therefore are rightfully scared to death of Italian drivers. The system of driving in Italy is almost beyond American understanding. The basic difference is that Americans like lanes and pretty much expect everybody to stay in one. Italy does not work like this at all. Instead they use a surprisingly tolerant system of swerving, tail gating, and other go-as-you-please driving etiquette that Americans would be driven to homicidal road rage by if it happened in the hometown. Traveling through Italy American person will never see anyone irritated or aggressive while driving. Italians just casually drive like maniacs and know that everyone else is too. Along the way, they adore chatting and laughing with each other. As a huge generalization Italians are very attractive people. It felt like people are living in an Armani commercial. But as he says they smoke everywhere, all the time. As expected, he liked American food everywhere: in restaurants, in coffee shops, etc. although he was more accustomed to have a dessert and a thimble of coffee. It was quite a surprise for him to reveal that dinners last an hour or an hour and a half at most while in Italy they go on for hours. Time in general moves differently in the USA, as he says. In the USA days start earlier than according to the Italian standards. In Italy the whole country shuts down from one o’clock to three or four o’clock every afternoon. There is also a great difference in architecture of these two cultures. Italy is full of narrow streets, plazas and buildings. He says if you want to live in an apartment that is several hundred years old and is probably built on top of even older building you can do it. In the USA it is hard to find something older than about 200 years old. In my essay I would like to refer to the idea of the context of situation (Kramsch 25) that includes three major parts: o The field of discourse o The tenor of discourse o The mode of discourse The field of discourse covers the situation of visiting another country and penetrating into its culture. The tenor implies the participants, while the mode includes the role of the language in this situation. Therefore, it would be appropriate to note that Italian tradition of driving may serve as a good example of the context of situation. First of all, it involves such important factors as high level of emotionality, hot weather, narrow streets, and their somewhat confusing location. As the tenor of discourse investigates the members of the situation, it is necessary to mention here the importance of the origin of the participants. As we may see from the interview and from my own experience Italians and Americans drive in completely different way and both of them believe that their driving tradition is the best and most convenient. In conclusion, I may add that cultural diversity implies different traditions that require understanding, open-mindness, and tolerance. References Kramsch, Claire. (2003). Language and Culture (4th edition). New York: Oxford University Press.