Formats of Income Statement and Balance Sheet Essay Example for Free

Formats of Income Statement and Balance Sheet Essay Income statement: In the case of sole proprietary and partnership concerns there are no prescribed forms of the income statement and balance sheet. Their preparation is also desirable but not compulsory. However, they are generally prepared. In the case of trading concern, a trading account and in the case of a manufacturing concern, a manufacturing account and a trading account can also be prepared. In such a case, the account heading is mentioned as follows: Manufacturing/trading and profit and loss account. In the case of joint stock companies preparation of the profit and loss account and balance sheet every year is compulsory. There is no prescribed form (except in the case of banking and insurance companies) of the income statement or profit and loss account. The account is titled as Profit and loss account The results of manufacturing and trading activities may; however, be shown separately in the account. The profit and loss account is usually prepared in a T shape. In the case of joint stock company, the manufacturing, trading and profit and loss account is prepared in the above format except with three modifications: I.The heading given is only Profit and loss account for taxation in the profit and loss account; II.The net profit is shown after making provisions for taxation in the profit and loss account; III.Figures, for the previous period, if any, have also to be given. Profit and loss appropriation account: In the case of joint stock companies, a profit and loss appropriation account is also prepared. It explains as to how the profit earned during the period has been distributed. Balance sheet: There is no prescribed form of balance sheet for a sole proprietary or a partnership concern. However, the assets and liabilities may be shown in any of the following orders: I.Liquidity order II.Permanency Order In case the concern adopts liquidity order, the assets which are more readily convertible into cash are taken into account initially and those which are not so readily convertible are taken into account subsequently. Similarly those liabilities which are payable first are taken into account initially and those payable later on are taken into account subsequently and so on. In the case of permanency order, the reverse order is followed. As per the law applicable to some governments, every balance sheet of a company shall give a true and fair view of the state of affairs of the company as at the end of the financial year. Similarly, every profit and loss account of a company shall give a true and fair view of the profit or loss account of the company for the financial year.

Jane Goodall Essay -- essays research papers

Goodall, Jane. Through a Window. Boston: Houghton Mifflin Company, 1990.   Ã‚  Ã‚  Ã‚  Ã‚  Jane Goodall’s books, Through a Window, In the Shadow of Man, and The Chimpanzees of Gombe, recount her many years as an observer of chimpanzees and other species of monkeys. In Through a Window, she gives her account of thirty years with chimpanzees in the village of Gombe, off of Lake Tanganyika. During those thirty years with her son and husband, she observed and researched the chimpanzees with the help of other researchers. This book is a collection of the observations and data, in addition to the emotions she felt during this era. The theme of Through a Window is that chimpanzees have very human characteristics and feelings, and she proves this through her descriptions of love, war, power, and life in general.   Ã‚  Ã‚  Ã‚  Ã‚  The African community of Gombe remains the center of the events throughout the book. Goodall describes it as â€Å"peaceful† and â€Å"hauntingly beautiful† (Goodall 2). The monkeys are the main residents in this beautiful place, as they can suddenly take over any calmness or serenity that was once there. â€Å"Goblin abruptly sat up and, almost at once†¦instant pandemonium broke out.† (Goodall 2). Many characters are born and die throughout the story, and their setting is always described, as if being compared to the eternalness of nature. â€Å"The field staff found Charlie’s dead body lying near the Kahama Stream† (Goodall 106).   Ã‚  Ã‚  &n...

Reflective Story

At first, I did not expect that I would regret not being emotionally and spiritually prepared. I was really overwhelmed with the different things I experienced. Not only did I get to experience dorm life with my fellow classmates, got to sleep at dawn and bond with other people, I got closer with God. How you ask? I finally felt someone's presence. Not like when there is someone with you or a so-called ghost appears, I felt a powerful presence. I felt accompanied. I never felt alone. That presence was masked by friends, great advice and strong faith.And to think I was very, very busy on what clothes to wear, toiletries to bring and everything else required. Also, I never thought that I would release all my negativity during session time. Somehow, It made me feel whole. I felt complete. I felt happy. I felt that God was beside me throughout everything. He blessed us all with trust for one another. I was mostly moved with Sir Regis's difficult encounters in life. It made me realize tha t the greatest happiness I was blessed with was people who would love and accept me for who I am.Just by Ewing surrounded by them is the only blessing that, I bet, would be the best thing you would ask for. I am not saying that you should take advantage of their presence but you should savoir and appreciate their love and care for you. This recollection gave me more on the Inside scoop of reality and the different hardships you will encounter as you face it twists and turns. This also made me realize that I should be thankful for my days to come. I was taught to fall silent and listen. Life is exciting and thanks to this experience, I came to appreciate life's meaning and hungry to unravel some of Its secrets.

Edward Snowden Kantian Ethics - 1885 Words

Edward Snowden, Kantian Ethics Edward Snowden the Ethical Issue In early 2013 a man by the name of Edward Joseph Snowden began leaking classified National Security Agency (NSA) documents to media outlets, which in turn ended up in public ears. These documents, mainly involving intelligence Snowden acquired while working as an NSA contractor, are mostly related to global surveillance programs run by the NSA. This has raised multiple ethical issues ranging from national security, information privacy and the ethics behind whistleblowing in general. The reach and impact of these leaks have gone global and have put in question the very government that protects us as well as the extent of the public’s rights on privacy. Various foreign†¦show more content†¦The fact Snowden chose to leak only information he and his media connections felt would not be detrimental to the public or government, yet would provide enough information that the public as to start an open debate on â€Å"big brother† oversight and privacy laws, shows that S nowden was in good faith and conscious leaking information for good and not for personal gains. The government, specifically the NSA and Obama Administration have been embarrassed by the leaks. Their aim is to bring Snowden back to the US for prosecution and have him be the next target under the Espionage Act for whistleblowers. Under the Obama Administration there have been double the amount of people prosecuted under the act than any other previous administration in history since the enacting. (Greenberg, 2014) It seems that Snowden has seen an unfairness and gross abuse of power and has felt compelled to bring these things to light for the public interest, and for the global stage. The need for change from such actions, the employment of fear to strip the public’s rights and privacies, and the use of mining centers to take all our data to whatever government end has all been shown. They (the government) is not particularly happy with the revealed truths behind their hidden programs. The fact they label it under the Espionage Act as to say Snowden has aided our enemies in breaching national security is, to the open minded and intelligent, a cowardly move, since our â€Å"enemies† already have knownShow MoreRelatedComputer Ethics Term Paper : Security Vs. Privacy1518 Words   |  7 PagesJames Santana Computer Ethics Term Paper Security vs. Privacy Following the terrorist attacks on September of 2001, President George W. Bush signed into law The USA PATRIOT Act. Intended to enhance law enforcement investigatory tools, The Patriot Act made changes to surveillance laws that enabled the U.S government to collect computer information about both American and foreign citizens in unprecedented ways. During the following years, through a series of legislative changes and court decisionsRead MoreSecurity Vs. Privacy : Should Edward Snowden Be Pardoned For Leaking1277 Words   |  6 PagesSecurity vs. Privacy Should Edward Snowden be pardoned for leaking thousands of classified NSA documents? An analysis of the merits of the Snowden leaks and the broader issue of security vs. privacy and mass surveillance from the perspective of at least two ethical theories. Following the terrorist attacks on 911, President George W. Bush signed into law The USA PATRIOT Act. Intended to enhance law enforcement investigatory tools, The Patriot Act the made changes to surveillance laws thatRead MoreThe Ethical Issues Involving Edward Snowden ´s Case1589 Words   |  6 PagesIntroduction The ethical issues involving Edward Snowden’s case encompass key issues of morality. Snowden’s actions are to be interpreted as right or wrong based on the circumstances and personal reasoning. The preceding interpretation is this case in every ethical quandary. Once these issues are assimilated to the affected parties we begin to understand the larger picture of morality and ethical reasoning in Snowden’s case. Ethical Issues One ethical issue in Snowden’s case is that if fails toRead MoreGovernment Surveillance On Social Media1750 Words   |  7 PagesUnited States. This paper will be structured as follows. Section 2 will cover a basic overview of the rise of social media through the past few years and the government’s use of social media for surveillance. Section 3 will cover an Utilitarian and Kantian ethical view on the use of government surveillance on the social media of local citizens. Section 4 will cover the social impact and views that citizens may have about the surveillance of their social media accounts. Lastly Section 5 will cover the