Acquainting One With Different Bookkeeping Systems}

Acquainting One with Different Bookkeeping Systems



Recording, classifying and summarizing data in terms of money transactions both ways and also the various events that are of a financial character, and finally interpreting the results thereof is called bookkeeping. Bookkeeping or accounting is really called an art of correctly recording the day to day business and financial transactions. The process strives to keep the business records in an accurate and more systematic manner. This way, one will get to know the business results with minimum hassles or trouble. Therefore, it is understood to be some sort of a statistical procedure that includes the collection, classification and summarization of relevant and pertinent financial information of an organization or business. Businesses do maintain some kind of records to keep a tag on their income and expenditure.

The main objectives of accounting and bookkeeping are two-fold. One is to record permanently all the details that are in some way connected to these business transactions. The other is to show the effect of each and every transaction along with the combined effect of all such financial transactions during a given period. This act will help one find out the exact amount of profit a business has earned or the level of loss incurred. It also helps one to know the correct financial position of a business on a particular date. The necessity and importance of bookkeeping can be understood by finding answers to the questions including the amount a company has earned in a particular year and the previous year, whether the business is improving, the amount of cash at present, the amount owed by a company and things like that.

There are various practices and systems of bookkeeping for maintaining business accounting records. In one system called the cash system of accounting, the system records only the various cash receipts and payments. This is based on the assumption that there are no credit transactions. If there happens to be any kind of credit transactions, they do not get recorded until the cash is finally paid or received. Receipt and payment accounts of various kinds of clubs, societies, hospitals, educational institutions and lawyers constitute some of the best examples of cash system. In the single entry system, the two fold aspect of each transaction as considered in double entry practice or system is ignored. When it comes to single entry system, purely the personal aspects of transaction called the personal accounts are recorded.

This particular method does not take into consideration the impersonal aspects of the transactions other than the cash aspect. The accuracy of the posting and the safeguards taken against fraud may be compromised since it does not provide any sort of reins while recording cash transactions. Therefore, it is called by many as an imperfect accounting practice. The double entry system recognizes the two fold aspect of each and every business transaction. The questions or apprehensions are of decisive importance for a trader and the answers can only be drawn from up to date and properly kept financial records.

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Acquainting One with Different Bookkeeping Systems


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New study claims Stonehenge was a place of healing

Thursday, September 25, 2008

Archaeologists Timothy Darvill of Bournemouth University and Geoff Wainwright, President of the Society of Antiquaries, claimed to have found evidence that Stonehenge was once a center of healing. In an excavation conducted at the site, a large number of human remains were found that display signs of physical injury or disease. Study of the teeth from the skeletons indicates that about half of them were from outside the area.

A large number of bluestone or spotted Preseli dolerite chips found during the excavation led the researchers to conclude the stones were venerated for their healing properties. It is believed that about 80 of such bluestone blocks were transported from the Preseli Hills in Pembrokeshire, Wales to the Salisbury plains. The inner circle of bluestones are the earliest stone structures found in this site. Later bluestones were encircled by the imposing sandstone monoliths of sarsen stones. “It could be that people were flaking off pieces of bluestone, in order to create little bits to take away… as lucky amulets,” said Professor Darvill.

Stonehenge would attract not only people who were unwell, but people who were capable of [healing] them.

Radiocarbon dating indicates that the original bluestone circle was built around 2300 BC. This date coincides with the burial of “Amesbury Archer“, whose tomb was discovered near Stonehenge. The skeleton of this man reveals that he had serious knee injury and tooth problems. Researchers therefore conclude that the Archer came to Stonehenge to be healed.

Dating of charcoal fragments revealed that the site was inhabited as early as 7200 BC by groups of hunter-gatherers. This is more than 3500 years earlier than previously known.

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NBC employee wins $266M from California lottery

Thursday, May 6, 2010

An NBC employee won US$266 million from the California Lottery‘s Mega Millions drawing.

The winner, wishing to remain anonymous, will receive $165 million in total, after federal taxes, reports spokesperson for the lottery Cathy Doyle Johnston.

David Reese, a KNBC assistant manager, was informed by the winner around 2:30 local time Wednesday. Reese told the employees working the night shift to keep the name a secret until the winner wishes to step forward.

Reese said the winner worked for NBC as a freelancer for four years, and her husband was laid off two weeks ago.

L & L Hawaiian BBQ in Pico Rivera, California, sold the winning ticket with the numbers 9, 21, 31, 36, 43, and the “Mega Number” 8. Danny He, the owner of the BBQ, will receive $1 million from the lottery for selling the winning ticket.

According to lottery officials, there was a 1 in 175,711,536 chance in winning with all six numbers with 38 other states and the District of Colombia playing as well.

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Killtest Avaya Pod Fx Integration Exam 7593 X Practice Test 7593 X Test Guide 2017}

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Volvo announces all new car models electric or hybrid from 2019

Friday, July 7, 2017

On Wednesday, automobile company Volvo announced all of its cars to be released in 2019 onwards are to use some form of battery-powered engine, leaving conventional petrol-only vehicles altogether. The decision comes after Volvo announced in May their intent to cease production of diesel vehicles.

The chief executive of Volvo Cars, Håkan Samuelsson, said, “People increasingly demand electrified cars”. Volvo aims to release five new electric vehicle models between 2019 and 2021. While little has yet been revealed about them, the company has stated two of them are to be high-performance electric vehicles, branded as Polestars.

Other car models from 2019 may be plug-in hybrid or 48-volt “mild hybrid” systems. Audi and Mercedes-Benz are also releasing mild hybrid cars for the European market.

“This announcement marks the end of the solely combustion engine-powered car. Volvo Cars has stated that it plans to have sold a total of 1m electrified cars by 2025. When we said it we meant it. This is how we are going to do it,” Samuelsson said. Volvo is owned by Chinese automotive giant Geely, and China’s Ministry of Industry and Information Technology has said by 2025 they want new vehicle sales to be 20 percent “new energy vehicles”.

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State of the health care system in Sierra Leone critical

Saturday, December 5, 2009

According to Médecins Sans Frontières the health care system in Sierra Leone causes loss of life because the poor cannot afford medical treatment. The maternal death rate and the child mortality rate in Sierra Leone are the highest in the world. Experiences of Médecins Sans Frontières had shown that free care or low fees lead to a dramatic increase in the number of patients. Nonetheless the national health system of Sierra Leone demands payment for all treatment with simple consultations costing as much as 25 days of income. According to Action Against Hunger the number of children with acute malnutrition has reached almost twice the level of the WHO‘s emergency threshold of 2% in the Moyamba district of Sierra Leone.

The Los Angeles Times writes that Sierra Leone, in spite of decades of foreign aid, has not yet increased the standard of living of its people considerably and 60% of the public spending of Sierra Leone come from other governments and nonprofit organizations. Since 2002 the country received $1 billion in aid but the infant mortality rate is almost the highest in the world, lower than Angola but higher than Afghanistan. The newspaper further reports that the United Nations state that 1 in 8 Sierra Leonean women die giving birth, as compared to 1 in 4,800 in the United States and that life expectancy in Sierra Leone is merely 41 years while in Bangladesh life expectancy reaches 60 years.

The government of Sierra Leone had expressed its intend to abolish user fees for women and children with a new plan for a fairer health care system that was to be revealed on the Sierra Leone Investment and Donor Conference, which was held in London on November 18 and 19.

“The Sierra Leone government has publicly stated its commitment to abolish user fees, and the UK government and other donors have promised to help,” said Seco Gerard, advisor at Médecins Sans Frontières’s analysis and advocacy unit. “What is crucial now is that Sierra Leone actually receives the necessary funding and technical assistance to realise this objective. It is time that words are being followed up by concrete action. If not, people who could otherwise be saved will continue to die needlessly every day.”

The Telegraph reports that president Bai Koroma was also hoping to secure a significant increase in aid donations with his new health plan. While Germany declined to support president Bai Koroma’s “Agenda for Change” and urged to give more consideration to women’s welfare the country received support from the European Union, DFID, UNIPSIL, World Bank, IFAD and the African Development Bank. From the pledges of $850 million the government of Sierra Leone was hoping for only about $300 millions could be secured, with attached conditionalities concerning the use of funding.

In a presentation at the Ministry of Finance and Economic Development in Freetown the Unicef representative for Sierra Leone, Mr. Mahimbo Mdoe, expressed gratitude about a pledge of about $1.3 million conveyed by the Ambassador of Japan to Sierra Leone, His Excellency Mr. Keiichi Katakami, and about earlier donations to UNICEF-Sierra Leone in the past years, amounting to over $20 million. The intended application of the funding is the goal to half child and maternal mortality by 2010, to introduce a social health insurance scheme, to improve equipment and to train health professionals.

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What To Do When You Re In A Car Accident

Submitted by: Al Oberm

Accidents can happen anytime, even if you are an extremely cautious and defensive driver! Most accidents actually occur within a 25 miles of the home, according to a Florida highway spokesman. Sometimes, they happen right in your own driveway. Just ask my sister-in-law who hit her friend s car in her driveway while backing up! No matter where they occur there are a series of steps that should be followed after an accident.

The Consumer Protection Association of America continually develops a list of recommendations for drivers so that they ll actually know what they need when a traffic accident occurs. This fine organization takes major steps to increase public awareness regarding traffic safety. Some of the steps are preventative and should be followed now before you re involved in an accident.

One, have an emergency kit in your glove compartment or storage area. The kit should include a cell phone, pen, pad of paper, and a disposable camera (this is very important). With today most of us carry a cell phone, which takes pictures. As long as you insure that your cell phone is with you and carries a charge this should suffice for the cell phone and disposable camera in the kit. These items are for recording the key information regarding the accident and the scene. You should also have a card with information concerning any medical allergies or conditions you have that require special attention, as well as emergency contact information. It is also recommended by other agencies that you have a number list ed on your cell phone under ICE (in case of emergency), where the attending policeman or EMT can simply hit speed dial on your cell phone to reach your emergency contact. You should also have traffic cones, warning triangles and emergency flares in your trunk.

Two, you need to insure that safety is first! When you are involved in a minor accident and there are no serious injuries, make sure that the vehicles are moved to the side of the road. Do not stay on the road and become an obstacle to oncoming traffic. If you do this, it may result in the occurrence of more and more serious traffic accidents because of your vehicles creating an obstruction in the road. My wife was rear-ended by another woman on an exit ramp and they both left their vehicles on the ramp believing it to be safe and that it was important for the police to see the exact position of the vehicles. In spite of the fact that both vehicles were clearly visible for a minimum of 300 yards and they both had their flashers on, another drive came up and rear-ended the SUV that had originally struck my wife! My wife called me on the cell phone and told me what was going on and I told her to get those vehicles off of the road right away! If the car or cars is not movable, make sure that the other motorists are warned by turning on the hazard lights and setting out flares, traffic cones or orange triangles to divert traffic. If you cannot move the vehicle, do what you can to alert the traffic and then move away a safe distance in case of any further accidents.

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When you are involved in an accident with serious injuries make sure that no one is in immediate danger (from fires, falling tress or telephone poles, etc). After you have made sure of this, attend to those hurt. It is important that you not move anyone that has been seriously injured unless they are in immediate danger. Further injury can occur from movement. It is always a good idea to let the emergency response teams attend to and moved the injured whenever possible to help prevent this.

Three, exchange all of the important information with the parties involved. You ll need to obtain the other driver s name, addresses, phone numbers (home and work), insurance company, car insurance policy number, driver s license number, license s plate number, and make sure to write down a description of each car, the year, make, model, color and any apparent damage. Also, write down what occurred during the accident as soon as possible. Pay special attention to the position of the vehicles, sequence of events and the cause of the damage.

I recommend that you write down all information readily available to you without the cooperation of the other driver such as the license plate number, make, model and color of the car, driver description and brief description of other occupants. Also, obtain any witness information at this time. As long as no one is hurt, most witnesses will soon depart the accident scene, and you want to make sure that you have their information. After obtaining this info, then approach the driver about their information like driver s license number, insurance information and contact information. This makes sure that the other driver cannot bolt from the scene while you are distracted without obtaining information and it lets them know that you are all business.

Four, take photos of the accident scene and the cars involved. Use your disposable camera or cell phone to document the damage to all the vehicles and the scene of the accident. If there are important points to demonstrate such as long skid marks, hidden entrance/exit, etc. make sure to document these as well. Make sure that the vehicle photos illustrate the total context of the accident so that they will back up your claims. If there are witnesses, make sure to ask them for their name and phone number, and ask if they ll help you in case of problems with the other driver disputing what actually happened.

Five, file an accident report as soon as possible and obtain a copy of it as soon as it is made available. In some areas law enforcement officials do not respond to traffic accidents unless injuries are present. You should always call the police and request that an officer come to the scene to right up the police report. They will obtain the information from the other drive, if they are uncooperative with sharing the information with you, and they will write down their observations of the scene of the accident, which will further support your claims. If you cannot get a policeman to the scene where your accident occurs, find out how you go about filing an accident report and do so right away. You may have to go to the local police station or you may be able to download accident report forms on-line depending on your locale. A police report usually helps speed up the claims process.

Six, understand your insurance coverage before an accident. The more you know about your insurance coverage the easier the claims process and procedure will go. Does your policy cover towing or a replacement rental car fee? If yours does not and the accident was the other driver s fault immediately make a claim for this with their insurance company.

The question everyone is typically concerned with is Who is going to pay for this? If it is the other driver s fault you should insist that they pay for the damage. If they agree, get them to acknowledge this in writing if possible. The other drive may be agreeable to pay for the damage now, but after a little time goes by and they are not in your immediate presence they may have a change of heart and decide to try and stiff you (this is why you need witnesses, documentation, etc.).

I recommend calling someone if available to assist you in the accident management process. They will be much calmer and more objective in seeing that everything is carried out. I arrived prior to the police at my wife s previously mentioned accident when our van was rear-ended. I checked and made sure that everyone was okay. Then I made sure that the vehicles were a safe distance from the road. Next, I obtained all of the vehicle information (make, model, color, license plate number), photographed the vehicles and the accident scene. I then obtained the driver information from the other two drivers involved. After I obtained the car insurance information, I immediately contacted the other driver s car insurance company and had them open a claim for the damage that had been done to our van. I did all of this before the policeman completed writing his report. I then talked to the police officer and obtained his name and learned the content of his report. When I determined that I was satisfied the content accurately portrayed what my wife indicated had happened, I asked him for the report number so I could obtain a copy as soon as possible. My doing this streamlined the whole process for our claim and it moved through like clockwork.

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About the Author: Al likes to learn more about automotive isuues. Al is a marketing mgr for the leading on-line retailer of aftermarket Jeep parts and accessories,

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Mats Hummels completes Bayern signing

Thursday, May 26, 2016

On Monday, German football club FC Bayern Munich completed the signing of Mats Hummels, who captained Bayern’s rivals Borussia Dortmund this past season. 27-year-old defender Hummels, who was an academy player at Bayern before moving to play for Borussia Dortmund, agreed to a five-year deal.

I’m looking forward to everything that awaits me at FC Bayern. I’m very excited.

Hummels underwent medical tests on Monday before signing the contract. Bayern’s chairman Karl-Heinz Rummenigge said “We’re delighted to welcome Mats back to FC Bayern, […] Not only are we strengthening our squad with a world-class centre-back, but also with a player who accepts responsibility and who is our own youth product. First of all we wish him a successful Euro 2016.” ((de)) German language: Wir freuen uns, Mats zurück beim FC Bayern begrüßen zu dürfen […] Mit ihm bereichern wir unsere Mannschaft nicht nur um einen Innenverteidiger von Weltklasse-Format, sondern auch um einen Spieler, der Verantwortung nicht scheut und noch dazu aus unserer Jugend stammt. Jetzt wünschen wir ihm erst einmal eine erfolgreiche Europameisterschaft.

Hummels joined the Bavarians in 1995 when he was six years old. He played only one Bundesliga match for the Reds before he was loaned to Dortmund and later signed for them. He played his last game for Borussia Dortmund on Saturday in the DFB-Pokal Cup final, which Bayern won 4–3 on penalties.

After the signing was completed, he said “Saying goodbye to Dortmund was difficult for me of course. It was similar to 2008, when it was the other way around […] Now I’m looking forward to everything that awaits me at FC Bayern. I’m very excited.” ((de)) German language: Der Abschied aus Dortmund ist mir natürlich schwergefallen. 2008 ging es mir ähnlich, als ich den Weg in die andere Richtung gemacht habe […] jetzt freue ich mich einfach auf alles, was mich beim FC Bayern erwartet. Ich bin sehr gespannt.

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British chef Keith Floyd dies at age 65

Wednesday, September 16, 2009

British chef Keith Floyd has died at the age of 65 after a heart attack in Dorset, England.

Keith Floyd was best known for his cookery programmes, particularly on British television channel BBC, although he has also featured on shows on ITV. He was arguably most popular for his Floyd on series, with shows like Floyd on Food, Floyd on Spain, Floyd on Italy etc. He also presented Floyd on GMTV in 1998. Keith had been presenting programmes from 1984 to 2001.

On July 29, it was reported that Floyd had been diagnosed with bowel cancer in June. After undergoing five serious operations, 90% of the cancer was removed. He later had chemotherapy. He died on Monday of a heart attack in his partner’s house in Dorset, England.

Famous chefs around the world have been expressing their sadness for his death and made comments about him to British newspaper, The Guardian. Among them was Rick Stein, who said, “I first met Keith in the early 80s. He used to come to the restaurant regularly and knew Padstow well because his first wife came from Port Isaac. At a time when I was experimenting with Provençal dishes like Bouillabaisse and Bourride he was a Gauloise-smoking, red wine drinking hero who had actually owned a restaurant next to the Mediterranean. One thing was certain — he cooked like a dream and loved food and wine with a passion.”

Other cooks such as Michel Roux, Hugh Fearnley-Whittingstall and Heston Blumenthal expressed condolences. Gordon Ramsay stated, “Keith Floyd was a true original. A natural performer and a superb cook, he broke new ground with his programmes and his contribution to television cookery was immense.”

What was your opinion on Keith Floyd?
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Marco Pierre White stated that, “A little piece of Britain died yesterday which will never be replaced. He was an individual, he was a maverick, he was mercurial, he was magical, he was special, he was rare.”

Keith Floyd died on September 14, the same day a documentary was broadcast on Channel 4 called Keith Meets Keith, which featured comedian Keith Allen interviewing Keith Floyd. It emerged that his death was just a few hours beforehand, however the information was unknown at the time of broadcast.

Celia Martin, who was staying with Floyd at the time of his death, gave an interview with London local newspaper Evening Standard.

“When we got home he had a siesta and got up feeling a bit headachy. We had both eaten a lot so I put it down to that. He laid down on the sofa and I thought he went to sleep. Then suddenly his breathing became erratic,” Martin said. “I phoned for an ambulance and the operator gave me instructions on how to help him. He didn’t say anything at all. The ambulance people were here for about an hour. They thought there was a chance they could save him. It was so bizarre, we were sitting down to watch the documentary at 10pm but by that time he had died.”

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Wikinews interviews Tatsuhisa Yabushita of NBGI

Saturday, February 2, 2008

Many rhythm gamers are anticipating the release of Taiko no Tatsujin 11: Asian Version”, the Namco Bandai Games Inc. (NBGI) beta version of which was recently showcased at the 2008 Taipei Game Show.

In fact, several managers from amusement stores in Taiwan frequently imported large quantities of arcade games, including rhythm games. Eventually, some slot machine developers modified codes from several game consoles like the Wii, PlayStation 2 (PS2), and Sega Saturn to fulfill needs for amusement arcades, but they risked hardware failure and copyright infringement.

But before those modifications happened in Taiwan, many rhythm games just used songs from other arcade machines due to copyright issues from enrolled songs.

The upcoming game will benefit Mandarin-language gamers after its release, but it may hide some secrets behind the development of “Taiko no Tatsujin 11: Asian Version”. Wikinews reporter Rico Shen recently interviewed the producer of “Taiko no Tatsujin” Tatsuhisa Yabushita to talk about some of the background of this upcoming game and its series.

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