The types of errors that are not revealed by the trial balance Essay Example For Students

The types of errors that are not revealed by the trial balance Essay 6. Briefly describe the types of mistakes that NOT revealed by the test balance. For each type of mistake, show the consequence of rectifying the mistake in expanded accounting equation. Please provide illustration in explicating your replies. Trial balance is a list of all the leger history balances. It is usually prepared at the terminal of the accounting period to enable us to fix the fiscal statements of the concern. The balances of all legers are put into debit and recognition columns. The general ground of fixing a test balance is to prove the truth of the leger by demoing whether entire debits equal to credits. In order to corroborate that dual entry has taken topographic point for each dealing, the entire debit entries must be equal to entire recognition entries. Example of test balance are shown at below: We will write a custom essay on The types of errors that are not revealed by the trial balance specifically for you for only $16.38 $13.9/page Order now Company ABC Trial Balance as at 31 December 2014 Particulars Debit ( RM ) Recognition ( RM ) Cash 12000 Office equipment 5000 Debtor 550 Creditor 2700 Purchase 4000 Drawings 400 Rental 1200 Wagess 2400 General disbursals 375 Bank 7500 Gross saless 9000 Gross saless returns 100 Avant-garde 4500 Purchases returns 500 Capital 25825 Entire 38025 38025 There are two type of mistakes normally found in the procedure of fixing fiscal statement, which are mistakes that revealed by the test balance and mistakes that are non revealed by the test balance. In this assignment, we merely discuss the mistakes that are non revealed by the test balance. Mistake of skip a dealing that is wholly non entered in the books at all. Example: Buy a motor new wave by hard currency for RM 70000 concern usage. This dealing was non recorded in the books. Cash RM Motor new wave ( Correction ) 70000 Motor Van RM Cash ( Correction ) 70000 Since the dealing was wholly omitted from the books, the lone manner to do the rectification is by entering the dealing in the books utilizing the dual entry regulations. Hence, the plus, motor new wave is increase RM 70000 and another plus hard currency lessening RM 70000. Mistake of rule a dealing that is entered in incorrect class of history. Example: A amount of RM 700 paid for fixs of machinery was wrongly debited into the machinery history. Machinery History RM RM Cash ( Wrong entry ) 700 Repairs ( Correction ) 700 Repairs Account RM Machinery ( Correction ) 700 Machinery is an plus to the concern whereas fixs of machinery categorize as disbursals. Even though the dual entry for an addition in both history is debited to the several histories, but they are different classs. The mistakes is corrected by crediting the machinery history. The consequence of this mistake is to call off the mistake and the fixs history is debited to demo the right entry. Mistake of committee the entries are made at the right sum and appropriate side but to the incorrect history of the right class. Under this type of mistake, the dual entry regulation is followed right. Example: A sale of goods deserving RM 5000 to Mr Rex was wrongly entered into Mr Tex history due to a error. Mr Rex Account RM Mr Tex ( Correction ) 5000 Mr Tex Account RM RM Sale ( Wrong entry ) 5000 Mr Rex ( Correction ) 5000 Mr Rex and Mr Tex are both personal histories of the same class. Mr Tex history is credited RM 5000 to call off off the mistake and Mr Rex history is debited RM 5000 to demo the right entry. Mistake of original entry the original sum was wrongly entered in the books of original entry ( or book premier entry ) and the incorrect sum was right posted to the leger utilizing the double-entry system. .ub88f9566d3b1dfbc04bdccb3eccc5139 , .ub88f9566d3b1dfbc04bdccb3eccc5139 .postImageUrl , .ub88f9566d3b1dfbc04bdccb3eccc5139 .centered-text-area { min-height: 80px; position: relative; } .ub88f9566d3b1dfbc04bdccb3eccc5139 , .ub88f9566d3b1dfbc04bdccb3eccc5139:hover , .ub88f9566d3b1dfbc04bdccb3eccc5139:visited , .ub88f9566d3b1dfbc04bdccb3eccc5139:active { border:0!important; } .ub88f9566d3b1dfbc04bdccb3eccc5139 .clearfix:after { content: ""; display: table; clear: both; } .ub88f9566d3b1dfbc04bdccb3eccc5139 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ub88f9566d3b1dfbc04bdccb3eccc5139:active , .ub88f9566d3b1dfbc04bdccb3eccc5139:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ub88f9566d3b1dfbc04bdccb3eccc5139 .centered-text-area { width: 100%; position: relative ; } .ub88f9566d3b1dfbc04bdccb3eccc5139 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ub88f9566d3b1dfbc04bdccb3eccc5139 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ub88f9566d3b1dfbc04bdccb3eccc5139 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ub88f9566d3b1dfbc04bdccb3eccc5139:hover .ctaButton { background-color: #34495E!important; } .ub88f9566d3b1dfbc04bdccb3eccc5139 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ub88f9566d3b1dfbc04bdccb3eccc5139 .ub88f9566d3b1dfbc04bdccb3eccc5139-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ub88f9566d3b1dfbc04bdccb3eccc5139:after { content: ""; display: block; clear: both; } READ: Hackers EssayExample: Purchase of goods cost RM 920 from Mei Mei Enterprise were wrongly recorded in the Purchases Journal as RM 902. The incorrect sum was posted to the leger. Purchases RM Mei Mei Enterprise 902 Mei Mei Enterprise ( Correction ) 18 920 Mei Mei Enterprise RM Purchases 902 Purchases ( Correction ) 18 920 Initially, the two histories were recorded utilizing an wrong figure where both histories were understate by RM 18. This mistake is corrected by adding back the understate sum. Mistake of reversal of entries dealing are entered in the histories utilizing the double-entry system but they are entered in complete reversal. An history that should be debited is credited and frailty versa. Example: A check received from a debitor, Sin Keat, entire sum of RM 3000 was wrongly credited to the bank history and debited to Sin Keat’s history. Sin Keat RM RM Bank ( Wrong entry ) 3000 Bank ( Correction ) 6000 Bank RM RM Sin Keat ( Correction ) 6000 Sin Keat ( Wrong entry ) 3000 In rectifying this type of mistake, the sum involved should be doubled, that is RM 3000 x 2. The first RM 3000 is to call off the mistake and the 2nd RM 3000 is to bespeak the right entry. Therefore, the plus, bank addition RM 3000 while another plus, debitor lessening RM 3000.

The Teenage Years essays

The Teenage Years essays In the novel Catcher in the Rye, Holden Caulfield, as an individual entity is internally torn up by dividing forces. One supports adolescence, while the other supports adulthood. This battle is known as the transitional period, or the teenage years and is illustrated by three main themes. First, his outlook on all things sexual displays an important part of this struggle. Next is his perception of himself and others, which contains many of its own obstacles. Finally, Holdens desire to remain a child and dwell in the past conflicts with the reality that he needs to grow up and focus on the future and is the basis of his struggle. Throughout the novel, Holden can be caught boasting stories of his sexual conquests. His tales are filled with couldves and wouldves, all of his sexual encounters with women are very limited and incomplete. Proof of this is evident when he hires a prostitute to fulfill his sexual needs and in the end decides not to have sex with her. I was a little nervous. I was starting to feel pretty sexy and all, but I was a little nervous anyways. If you want to know the truth Im a virgin. I really am. Ive had quite a few opportunities to lose my virginity and all, but Ive never got around to yet. Something always happens. For instance, if youre at a girlfriend's house, her parents always come home at the wrong time- or at least youre afraid they will. (Page 92) His encounter with the hooker displays his inexperience and his nervousness when it comes down to sex. Holden, however, would rather blame fate than admit that he is still a virgin because of his own actions and feelings. Holdens sexual immaturity is again demonstrated when he begins to talk about homosexuality. He is preoccupied with identifying gay men because he feels that it may make him seem as if he has reached some sort of high ...

MPH502 - Introduction to Public Health Module 1 - SLP Essay

MPH502 - Introduction to Public Health Module 1 - SLP - Essay Example A research done on the rate of tuberculosis found that there was a rapid increase of 20% in the prevalence of tuberculosis in the United States from 1985 to 1992. HIV and Tuberculosis have also been found out to be related as it is seen in many cases that individuals have both HIV and tuberculosis together (Ferguson & Roads 2009; Robbins et al 2005). The most common reason for the occurrence of tuberculosis is over crowdedness and sanitary problems. It is a disease which is most prevalent in the lower class society as they are more susceptible to unhygienic living. The bacterium M.Tuberculosis is the most common strain which affects the human beings with Tuberculosis in the United States. The dangers posed by the disease Tuberculosis have been realized by many of the organizations worldwide and these organizations have taken preventative measures to ensure that the class of human being remains safe from this disease. World Health Organization is one of these organizations which are taking strict measures to save the world from such an endemic. It is designing new technologies and investing in projects which would provide new treatments of TB to the whole world. They are developing a strategy which would ensure that people with tuberculosis are diagnosed with the disease even before the disease gets active. Specific conditions have been set out by the organization under which it is necessary for the health care professionals to test the individual for any positive signs of Tuberculosis. This early diagnosis would help with the definitive treatment of tuberculosis. Moreover a vaccine is also available for tuberculosis known as the BCG vaccine and this also helps to pre vent the onset of tuberculosis in many infants (Ferguson & Roads 2009; Upshur et al 2009). The organization is recommending ways through which the infection can be controlled. This can be useful in preventing the spread of tuberculosis to the health care

British Petroleume Essay Example | Topics and Well Written Essays - 1250 words

British Petroleume - Essay Example In the United States, BP expanded its operations through the acquisition of US Standard Oil Company (Longhurst, 23-27). BP has made considerable efforts to make sure that it continues to diversify within the energy markets other than the petroleum products. It also has a 50 % stake in the solar energy company it purchased from Enron, the BP Solarex. The company markets its products to about a hundred different countries. Its turnover exceeded over US $ 239 billion in 2009 and it employs a diverse group of over 92,000 individuals. British Petroleum (BP) became Britain’s largest and the world’s third largest oil exploration company, after its acquisition of Amoco. BP focuses on the exploration and production of natural gas and oil products. It has achieved economies of scale in various segments of its business and has vertically integrated over the last two decades. The company is involved in refining oil products, marketing its own products, and handling the transportation of its products to merchandisers. Moreover, the company also markets the by-products of crude oil produced during the refining process. It is involved in the production of acetyl products, aromatics and certain polyester intermediaries. The exploration business conducts research and locates oil and natural gas sites. Once located a cost-benefit analysis determines if drilling is feasible. Once feasibility has been determined, BP engineers work on field development, after which drilling of crude oil commences. Then the crude oil moves to the refining sites. BP performs all these mid-stream and up-stream tasks by itself. Alternative energy business segment focuses on developing new technologies. It is successfully catering energy needs through production of solar and wind energy. Research on bio-fuel products is also underway and other alternative sources of energy are being developed and marketed. A key objective

Managerial finance and accounting Essay Example | Topics and Well Written Essays - 1500 words

Managerial finance and accounting - Essay Example (Besley and Brigham 2000). If the cash budget shows that a firm has excess cash it needs to pay its short term debts that excess cash can be invested and interest or dividend income can be earned. On the other hand, if the cash budget shows more cash disbursements and less cash inflow, the deficit has to be covered by borrowing the shortfall of cash to pay short term expenses (Daft 2003). The following report is aimed at analyzing the budgeting process and includes the cash budget of Sungsun Company as it is important for a company to know about its future cash balances. It is essential for a firm to determine the amount of cash in hand it should have at any time to ensure smooth business operations is uninterrupted. The following is the budgeting process that is used to make the cash budget Sungsun Company. The disbursement and receipts or scheduling method is used to make the cash budget. Each months cash disbursements and cash receipts are estimated and then the net cash flow is determined by subtracting cash disbursements from cash receipts. Negative net cash flow indicates there is an outflow of cash and positive net cash flow indicates that there is an inflow of cash. Sungsuns cash receipts include payment receipt from debtors and disbursements include payment to creditors and payment of wages, administrative expenses and taxes. Budgeted sales are calculated keeping in mind seasonal fluctuations and other factors. Payment to creditors and debtors and administration expenses are budgeted keeping in mind the previous trends. The cash inflows and cash outflows in each month are then calculated and subtracted to obtain the net budgeted cashflow of each month. Cash budget is an extremely important component for proper management of cash for a rapidly expanding company such as Sungsun Company. It helps in planning investment and borrowing strategies for the efficient use of cash which is extremely important for an expanding company as

Decentralized Approach for Achieving Seamlessness

Decentralized Approach for Achieving Seamlessness CONCLUSION AND FUTURE WORK Thesis Outcome The major outcome of this research effort is to analyse the feasibility and benefits of achieving seamlessness with the proposed decentralized approach augmenting the conventional centralized approach for heterogeneous networks. In lieu of this, the outcomes achieved include A Hybrid Approach (Linux Kernel Module and SCTP) to decrease the latency during Vertical Handoff process and IP mobility to achieve seamless continuity. Location Awareness in Hybrid Approach to reduce the triggering of unnecessary handoffs during vertical handoff that result in performance degradation. Contributions of the Present Work In this thesis, several aspects and approaches for seamless continuity are discussed. The major contributions of the work carried out in this thesis are: Different approaches to achieve seamless continuity in heterogeneous networking environment. A brief review on the open issues and challenges related to seamless continuity. Design and development of daemon based decentralized approach for intranet environment. Design and development of an efficient and fast method known as kernel based decentralized approach for improving the latency during handoffs. Development of Stream Control Transmission Protocol (SCTP) approach for addressing dynamic address reconfiguration in heterogeneous environment. Design and development of a novel hybrid method using the combination of SCTP and kernel module. Development of a location aware method to incorporate into the hybrid approach for heterogeneous networks. Solution Overview The proposed solution is a hybrid approach to achieve seamless session continuity in heterogeneous networks. This approach is completely decentralized complementing the centralized approach which is completely based on server agents. It can be applied to both intra and Internet environment without any changes to the network layer. To prove this approach for seamlessness, testing was done on three network interfaces Ethernet (eth), WLAN (wlan), WCDMA (wcdma). For Intranet A vertical handoff daemon was developed to achieve seamlessness over heterogeneous networks. This daemon application runs as a background process at the user space and it also takes care of the handoff process between various radio interfaces. Firstly, this proposed daemon continuously polls for the registered interfaces and then checks the status (live or dead) of these devices. Later, it also updates the status to the network layer of the protocol stack to keep the service continuing between the mobile device and the server. The designed architecture is well suited for all the IP based multimedia applications but running only in intranet environment. IP mobility is an issue which has to be still addressed which cannot be solved in this approach. For Internet To achieve seamless continuity over heterogeneous networks, this proposed solution is a combination of Stream Control Transmission Protocol (SCTP) and Linux kernel module. This kernel module gets registered with the Linux kernel and updates the status of various interfaces by signalling the SCTP application running at the user level. This SCTP application will then accomplish the handoff process between various network interfaces. The reason behind this approach is SCTP has an advantage of IP address reconfiguration which solves the IP mobility issue and Kernel module has an advantage of latency. This accomplishes the handoff process in a faster and elegant fashion. But this will not solve the problem of unnecessary triggering of handoffs. In this regard the following handoff decision process was integrated into hybrid approach to improve performance while achieving seamlessness. Location based Handoff Decision This proposed algorithm is completely based on location based information. This is a research effort to study the feasibility of location based solution which consists of combining the conventional handoff decision with a location based evaluation mechanism. This mechanism relies on positioning method for obtaining mobile user position fixes. Once the user’s location, speed and direction are calculated, the evaluation mechanism will predict the user’s path. It will then decide whether the user will remain in the same network coverage area for necessary duration to result in performance improvement. If not, this proposed evaluation method will notify the mobile device to trigger a handoff. The knowledge on user’s location, speed and direction is necessary to prevent inefficient and unnecessary handoffs. Conclusion In this research effort, a seamless vertical handoff system across heterogeneous networks is presented. It is implemented in current Linux operating system. In the proposed system, the handoff latency is much shorter than other current systems focusing on the issue of vertical handoff. Different from other vertical handoff systems, handoff agents or servers are not required in this system. Only with the mobile host itself, the vertical handoff can be realized. Moreover, the overhead during handoff is also quite low. The system is evaluated through a series of experiments. The experimental results demonstrated the handoff is handled in a fast and elegant manner. The proposed system is tested in the real-world analyses. The experiments were conducted under different environments and evaluated with various multimedia applications. This work is not only for home network solution but it is extended to an Internet solution. Moreover, prior to triggering handoff, the algorithm’s ability to predict user direction, speed and visit to WLAN coverage area allowed it to provide an observable benefit both on user’s perspective and also on network’s perspective. This location based evaluation of the algorithm helped to not only prevent the occurrence of unnecessary handoffs which would result in performance degradation but also reduce wastage of resources. The novel hybrid decentralized approach based on location awareness presented in this work handled the issues of latency, dynamic address reconfiguration and unnecessary triggering of handoffs for seamless continuity in heterogeneous networks. Future Work Keeping in view the wide proliferation of heterogeneous networks and high level of interworking required for next generation mobile users, the scope of the future work can be more focussed on pursuing open challenges such as battery power consumption, Quality of Service (QoS) and security for effective ubiquitous experience and seamless continuity. Battery power consumption of the mobile client is a significant criterion for handoff. Whenever the battery power drops to particular threshold, the mobile client should immediately shift to lower power demand network interface. As the demand for multimedia applications increases there is a need to guarantee QoS such as high available bandwidth, Bit Error Rate (BER), network load balancing, Signal to Noise ratio (SNR) and so on. Security is another important criterion which needs to be addressed. Hence, when handoff data is exchanged between devices it is always preferable to have network with high level of encryption. In this research effort, some work was done on best Access Point selection algorithm. With the enormous increase of WLAN AP’s everywhere, there is a need to look at new approaches to select the best AP among multiple AP’s for achieving horizontal handoffs.

Cell Phone Radiation :: Telephones Health Communication Essays

Cell Phone Radiation Introduction to Cell Phones Today, cell phones have become widely used among our society. However, there has been some customer concern of human safety concerning the use of cell phones. Cell phones are know to emit low levels of radiofrequency energy in the microwave range while in use and while in the standby mode, which leads to many ethical issues. History It is very interesting to note that a cell phone is actually a radio. However, it is an extremely sophisticated radio. Alexander Graham Bell invented the telephone in 1876. Wireless communication can be traced back to the invention of the radio by Nikolai Tesla in the 1880's, which was presented by an Italian, Guglielmo Marconi, in 1894. By combining these two technologies people have come up with the making of the cell phone. From the Dark Ages to Modern Times Before cell phones were invented, people installed radio telephones in their central antenna tower per city and about twenty-five channels were available on that tower. The central antenna needed a powerful transmitter, enough to transmit forty to fifty miles. There were not enough channels for many people to use radio telephones. However, the cellular system, which is the division of a city into small cells, has allowed millions of people to use cell phones simultaneously. In the United States, a typical analog cell phone carrier receives 832 frequencies to use across the city. The phone carrier breaks up the city into cells, which are usually about ten square miles. Each cell has a base station which has a tower and a small building that contains the radio equipment. One cell in an analog system uses one seventh of the available duplex channels. Each cell phone uses two frequencies per call, thus, making it a duplex device. A duplex device means that one frequency is for talking wh ile the other frequency is for listening and both people can talk at once. As for a simplex, such as a walkie talkie, two people communicate using the same frequency and only one person can talk at a time. In addition a walkie talkie usually has one channel while a cell phone can communicate on 1664 channels or more. Furthermore, a walkie talkie can transmit about one mile using a 0.25 Watt transmitter while a cell phone operates within cells, giving cell phones a wide range. How Does It Work? All cell phones have special codes associated with them, which are used to identify the phone, the phone's owner, and the service provider.