This is indeed a great work on creativity.It's an inspiring one as it unveils the impact of philosophy on national . Reg. No. 2016/234781. Dept CSS(Eco/Phi)
Cash accounting is an accounting method where receipts are recorded during the period they are received, and expenses are recorded in the period in which they are actually paid. ... The other is accrual accounting, where revenue and expenses are recorded when they are incurred. The accounts relating to all assets and properties are called real accounts. Personal Account: The accounts relating to induviduals, firms, associations or companies are known as personal account. Nominal Account: The accounts relating to expenses, losses, incomes and gains are known as nominal accounts. Name: Nwosu Arinze Chukwudi Reg number: 65869825ij program of study: B.sc Banking and finance Levl: 100L Department: Accounting And Finance College: Management Sciences QUESTION NUMBER 1 Cash accounting is an accounting method where receipts are recorded during the period they are received, and expenses are recorded in the period in which they are actually paid. ... PERSONAL ACCOUNT: these accounts are related to individuals, firms, companies, etc. A few examples of personal accounts include debtors, creditors, banks, outstanding/prepaid accounts, accounts of credit customers, accounts of goods suppliers, capital, drawings, etc. personal account represent individuals business firms or any legal entity e.g non profit organization governments at different levels. In personal accounts you debit the receiver and credit the giver. 2: CASH ACCOUNT: This is the set of ACCOUNT that record details of all amount paid or received in cash in arrangement for payment by custom
An Enterpreneur is one who seeks opportunity,takes risks and has the tenacity to push an idea forward.He is one who is involved in the process of creating something new of value by devoting the necessary time and effort assuming the accompanying financial,social,psychic risks and receiving the rewards of monetary,personal satisfaction and independence.one has to posses certain qualities in order to be successful in enterpreneurship.The qualities of becoming successful as an entrepreneur are considered and discussed in this assignment.