Computerized Accounting Essay Example | Topics and Well Written Essays - 500 words

Computerized Accounting - Essay Example The purpose of special journals is to record transactions received in form of electronic forms such as payroll, sales, expenses, cash received, and cash payments. The special journals are comprised of separate accounts, which are aimed at recording relevant information and posts pertaining to that account only. The system calculates the sum of each account in special journals and posts it in the general ledger tab of the software for a given period of time. Subsequently, the system takes data from these general ledger entries and creates the financial statements such as balance sheet, income statement and cash flow statement. Similarly, the payroll journals are comprised of all the relevant information and data pertaining to the salaries, wages and compensation paid to employees. It may also contain the information related to taxes, which are required to be paid to government. These transactions are entered periodically in the system. The sales journal of a special journal is designed to record all the sales transactions. There can be more than one or numerous journals in special journal for sales transactions as it is dependent on the number of goods and services sold by the business. The accounts receivables are entered in the journal named as cash receipt in the special journal, which represents the money not received from the customers. The cash disbursement journal is used to record the cash utilized by the company for purchase of inputs (wisegeek, n.d.). The merchandizing operations are comprised of buying and selling of goods to consumers. Furthermore, it also requires to make certain expenses to obtain inputs and resources for making these goods and spend on the marketing and distribution of these services and goods.   On the other hand service operations are more related to over see the daily routine activities of a business that is aimed at delivering quality products and services to consumer therefore, it involves having a broader perspective then merchandizing operations, where as, the merchandizing operation deals with selling the final product to the customers, buying necessary inventories in this regard, and collecting cash from customers.

Who owns the Air Essay Example | Topics and Well Written Essays - 500 words

Who owns the Air - Essay Example Theoretically, business can use the most effective technologies trying to get more profits from the exploitation of the resources. The growing concern about the air pollution may change the approach to pollution prevention from end of pipe approach to the reducing of the pollution at its source. However, so-called â€Å"green capitalism† is still oriented on the getting profit from the situation. Besides, private enterprise cannot be responsible for any trans-boundary effects or the externalities (German and Keeler, 2010). In case of the air pollution, private entrepreneur cannot be responsible for the pollutants that are transmitted from the other regions. It is hard to determine to what extent each company is responsible for the content of the pollutant in the certain region. Local (or regional) authorities could manage common pool resources (including air) through the effective self-governing institutions. The representatives of the community are aimed on the preservation of the resources and on the care about health within the location. Self-governing institutions may establish the rules (or the limitations) that exclude the undesirable agents. However, the community cannot predict rapidly changing circumstances and may not know how to deal with new actors. It is also hard to apply sanctions â€Å"from within† (German and Keeler, 2010). Apart from the reaction on the changing circumstances, local authorities are also not protected from the trans-boundary effects. The state is not always the best agent in the sphere of pollution prevention. On the one hand, the state establish the legislation and tradable environmental allowances for the whole territory of the country. It possesses enough resources to organize control the pollution. State programs of pollution prevention take into account the interests of local authorities and private enterprises. On the