Daily From Pakisatn

Double Entry System With Example Every transaction has two effects. For example, if someone transacts a purchase of a PEPSI from a local store, he pays cash to the shopkeeper and in return, he gets a bottle of dink. This simple transaction has two effects from the perspective of both, the buyer as well as the seller. The buyer's cash balance would decrease by the amount of the cost of purchase while on the other hand he will acquire a bottle of PEPSI. Conversely, the seller will be one PEPSI short though his cash balance would increase by the price of the PEPSI. Accounting attempts to record both effects of a transaction or event on the entity's financial statements. This is the application of double entry concept. Without applying double entry concept, accounting records would only reflect a partial view of the company's affairs. Imagine if an entity purchased a machine during a year, but the accounting records do not show whether the machine was purchased for cash

A single entry system A single entry system records each accounting transaction with a single entry to the accounting records, rather than the vastly more widespread double entry system. The single entry system is centered on the results of a business that are reported in the income statement. The core information tracked in a single entry system is cash disbursements and cash receipts. Asset and liability records are usually not tracked in a single entry system; these items must be tracked separately. The primary form of record keeping in a single entry system is the   cash book , which is essentially an expanded form of a check register, with columns in which to record the particular sources and uses of cash, and room at the top and bottom of each page in which to show beginning and ending balances. An example of a cash book is: Table: No. Date Description Revenue Expense Inventory Payroll

Most Important Topics In Accounting 1=Accounting Equation 2=Accounting Basics 3=Accounting principles 4=Accounting Cycle 5=Accounting Theories 6=Activity Based Costing 7=Activity based accounting 8=Adjusting Entries 9=Amortization 10=Australian Accounting Standards 11=Balance Sheet 12=Bank Reconciliation 13=Batch Costing 14=Bonds Payable 15=Bookkeeping 16=Break-even Point 17=Capital expenditure 18=Cash Flow Statement 19=Chart of Accounts 20=Concept of Budgetary Control 21=Cost Accounting 22=Cost Volume Profit Analysis 23=Debits & Credits 24=Depreciation 25=Dividends 26=E-business and E-commerce 27=Evaluating Business Investments 28=Financial Accounting 29=Financial Ratios 30=Future Value of A Single Amount 31=Improving Profits 32=Income Statement 33=Intangible assets 34=Inventory and Cost of Goods Sold 35=Journal Entry 36=Job Costing 37=Lower of Cost or Market 38=Managerial accounting 39=Manufacturing Ove

ICC Champion Trophy Schedule 2017 1st Semi-Final Pakistan            vs          En glend 14 June 2017 2nd Semi-Final Bangladesh         vs              India 15  June 2017

Candida albicans infection Disease in Pakistan Candida albicans is a type of yeast that is commonly used as a model organism for biology. It is generally referred to as a dimorphic fungus since it grows both as yeast and filamentous cells. However it has several different morphological phenotypes that are discussed more in detail in the chapter on Morphology. It is a common member of human gut flora and does not seem to proliferate outside mammalian hosts. It is detectable in the gastrointestinal tract and mouth in 40­60% of healthy adults. It is usually a commensal organism, but can become pathogenic in immunocompromised individuals under a variety of conditions. C. albicans, together with C. tropicalis, C. parapsilosis and C. glabrata, is responsible for 50–90% of all cases of candidiasis in humans. A mortality rate of 40% has been reported for patients with systemic candidiasis due to C. albicans. Estimates range from 2800 to 11200 deaths caused annually in the USA due to C.