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Accounting: Chapters 1-11
Accounting : Chapters 1-11 - Text Only 21ST EDITION by Warren, Reevs and Fess. South-Western Publishing Co.,2005
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First published March 28, 2001
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November 9, 2020
"Strategic Commerce"
Margaux Wrockley Academy
Adeline Arranguez Cantillas
"Piso to Piso Exchange" : City Thrift Bank : Margaux Wrockley Academy : Adeline Arranguez Cantillas
When it comes to "Piso to Piso Exchange" every Piso of our Suggested Service Charge Fee or Suggested Gross Profit will be exchanged to its Fair Value depending on the Fair Value Exchange Rate which is the Value of our every Piso for the Suggested Gross Profit of Products or Suggested Service Charge Fee of Services 'coz it's subject to Fair Value Exchange.
Example:
Margaux Wrockley has 500 Pesos as Suggested Social Media Blogger's Fee for the day having a Fair Value Exchange Rate of 100 Pesos.
Fair Value of Suggested Social Media Blogger's Fee = Suggested Social Media Blogger's Fee × Fair Value Exchange Rate
Fair Value of Suggested Social Media Blogger's Fee = 500 Pesos × 100 Pesos
Fair Value of Suggested Social Media Blogger's Fee = 50,000 Pesos
Margaux Wrockley will give the 500 Pesos to the Financial Institution for it to be exchanged with 50,000 Pesos which will be manually written in the Bank Passbook first that will be encashed in Budgeted Amounts every once in a while.
When it comes to Transactions like having a Townhouse a Document will be written by the Financial Institution with the Signature of the Chief Financial Officer stating the Amount in question in which such Amount will be deducted from Current Deposit Balance of Bank Clients and Financial Institution Clients.
"Strategic Commerce" : Margaux Wrockley Academy : Adeline Arranguez Cantillas
Steps:
a. Accounting will be done in B.S. Math Bookeeping Old-Fashioned Style making do with 21st Century Mathematics.
b. If there is a Net Loss proceed to c. If there is a Net Profit proceed to d.
c. If there is a Net Loss the Business will make a Loan in the Bank promising a Collateral so that what should be paid will be paid.
d. Suggested Gross Profit or Suggested Service Charge Fee will be exchanged to its Fair Value depending on the Fair Value Exchange Rate by giving the Face Amount of the Suggested Gross Profit or Suggested Service Charge Fee to the Financial Institution for Exchange to be made having the Business with an agreement with the Bank and Financial Institution that no Loan will be made if there is no Exchange to the Fair Value and no Exchange to the Fair Value if no Loan was made. (When it comes to Payroll the Face Amount of the Suggested Salary will be given to the Financial Institution to be exchanged to its Fair Value depending on the Fair Value Exchange Rate which will be transferred to the Savings Account of the Employees in the Bank by writing or typing the Numbers or Digits manually in a Bank Passbook which will be withdrawn in Budgeted Amounts.) If a Loan was made proceed to e.
e. Pay the Loan, Interest of the Loan, Bank Service Charge Fee, and Financial Institution Service Charge Fee so that the Collateral won't be confiscated.
f. Proprietor, Partners, and Stockholders will have or divide the Net Profit in Fair Value among themselves in terms agreed upon by everyone involved.
Amounts in Fair Value will be in Digits first which is not a Debt, not a Loan, not a Receivable from Individuals, not a Receivable from Businesses, with no Mortgage, and with no Collateral 'coz we are given the Power to Create Money which is a Debit to "Cash in Bank" and a Credit to "Savings Account" of the Clients in Banks or Clients in Financial Institutions without the Bangko Sentral ng Pilipinas and without the World Bank or it may be automatically written manually on Bank Clients' Bank Passbook and Financial Institution Clients' Bank Passbook to be withdrawn in Budgeted Amounts of Country's Currency.
Clients of Banks and Clients of Financial Institutions will take care of ones Bank Passbook for Security and Privacy.
With this style of Strategic Commerce then we will give the Suggested Retail Price to have Products and the Suggested Service Charge Fee to avail of Services making us give in Small Amounts for what we have to have that is a want as well while receiving in Big Amounts for sharing Products and Services.
"CyberCash" : City Thrift Bank : Margaux Wrockley Academy : Adeline Arranguez Cantillas
When it comes to "CyberCash" by merely thinking of the Numbers or Digits then we are given the Power to Create Money which is not a Debt, not a Loan, not a Receivable from Individuals, not a Receivable from Businesses, with no Mortgage, and with no Collateral without the Bangko Sentral ng Pilipinas and without the World Bank. We can have CyberCash as Citizen's Allowance everyday for a Lifetime if we're Unemployed and Unemployable but not converted to the Fair Value as we are spending in Suggested Retail Price and Suggested Service Charge Fee in which the Business will do "Strategic Commerce" then if we are Employable what if as a Freelancer then our Suggested Service Charge Fee will be converted to its Fair Value depending on the Fair Value Exchange Rate aside from having a Citizen's Allowance everyday for a Lifetime in which the other party does not have to picture out the Amounts in question whenever we are having Products or availing Services. We can have our CyberCash printed in Budgeted Amounts with Country's Currency.
Creating CyberCash is just a Debit to "Cash in Bank" and a Credit to "Savings Account" of Bank Clients if not Financial Institution Clients but it can be done automatically on Bank Clients' Bank Passbook and Financial Institution Clients' Bank Passbook.
"Getting by with CyberCash" : Margaux Wrockley Academy : Adeline Arranguez Cantillas
"CyberCash" is considered as a Cash and Cash Equivalent which is a Medium of Exchange that is not a Debt, not a Loan, not a Receivable from Individuals, not a Receivable from Businesses, with no Mortgage, and with no Collateral 'coz by merely thinking, writing, and typing the Numbers or Digits manually when there is a Transaction then we are given the Power to Create Money without even acting as the Bangko Sentral ng Pilipinas and without even acting as the World Bank 'coz we are given Autonomy to Create Cash in Bank in which the Money from Business Transactions may it be Manufacturing, Merchandising, Service, and etcetera will always be deposited in the Bank or any Financial Institutions which will be encashed in Budgeted Amounts with Country's Currency.
We will give the Suggested Retail Price to have Products and Suggested Service Charge Fee to avail of Services in which the Suggested Gross Profit of Products had and Suggested Service Charge Fee of Services availed of will be converted to the Fair Value in the Financial Statements through "Fair Value Exchange Domino" just like giving 500 Pesos as Vendor's Fee Daily with a Fair Value Exchange Rate of 100 Pesos or depending on the Fair Value Exchange Rate which is the Value of our every Piso for Suggested Gross Profit of that Product or Suggested Service Charge Fee of that Service making it 50,000 Pesos Vendor's Fee Daily in CyberCash which will be manually deposited in the Bank or any Financial Institutions in which Vendor can withdraw in Budgeted Amounts wherein it's up to the Accountants to do Accounting Magic by typing or writing the Numbers or Digits in which it is against the Law to reverse the amounts from the Fair Value to the Suggested Gross Profit or Suggested Service Charge Fee in the Bank Savings Account and it is against the Law to freeze a Bank Savings Account 'coz the Fair Value is Authentic Money that the Businesses and Individuals receive through "Piso to Piso Exchange in CyberCash" unless Depositor himself or herself wanna freeze ones Bank Savings Account.
"Getting by with CyberCash on Cyberspace" : Margaux Wrockley Academy : Adeline Arranguez Cantillas
CyberCash originates on Statistics making it Financial in Nature or Monetary with every CyberCash Point equivalent to 100 CyberCash subject to Fair Value Exchange with 100 of Currency as Fair Value Exchange Rate in which by merely thinking, writing, and typing the Numbers or Digits we are given the Power to Create Money without the Bangko Sentral ng Pilipinas and without the World Bank that is not a Debt, not a Loan, not a Receivable from Individuals, not a Receivable from Businesses, with no Mortgage, and with no Collateral as it is a Debit to "Cash in Bank" and a Credit to "Savings Account" of Bank Clients if not Financial Institution Clients having that we had it via CyberCash on Journal Entry Explanation but it can be automatically written manually on a Bank Passbook as well as we may withdraw it in Budgeted Amounts with Country's Currency which is a Medium of Exchange as we are having a Role in the Society that will not destroy our Dignity as a Human Being doing an Advocacy.
Margaux Wrockley Academy
Adeline Arranguez Cantillas
"Piso to Piso Exchange" : City Thrift Bank : Margaux Wrockley Academy : Adeline Arranguez Cantillas
When it comes to "Piso to Piso Exchange" every Piso of our Suggested Service Charge Fee or Suggested Gross Profit will be exchanged to its Fair Value depending on the Fair Value Exchange Rate which is the Value of our every Piso for the Suggested Gross Profit of Products or Suggested Service Charge Fee of Services 'coz it's subject to Fair Value Exchange.
Example:
Margaux Wrockley has 500 Pesos as Suggested Social Media Blogger's Fee for the day having a Fair Value Exchange Rate of 100 Pesos.
Fair Value of Suggested Social Media Blogger's Fee = Suggested Social Media Blogger's Fee × Fair Value Exchange Rate
Fair Value of Suggested Social Media Blogger's Fee = 500 Pesos × 100 Pesos
Fair Value of Suggested Social Media Blogger's Fee = 50,000 Pesos
Margaux Wrockley will give the 500 Pesos to the Financial Institution for it to be exchanged with 50,000 Pesos which will be manually written in the Bank Passbook first that will be encashed in Budgeted Amounts every once in a while.
When it comes to Transactions like having a Townhouse a Document will be written by the Financial Institution with the Signature of the Chief Financial Officer stating the Amount in question in which such Amount will be deducted from Current Deposit Balance of Bank Clients and Financial Institution Clients.
"Strategic Commerce" : Margaux Wrockley Academy : Adeline Arranguez Cantillas
Steps:
a. Accounting will be done in B.S. Math Bookeeping Old-Fashioned Style making do with 21st Century Mathematics.
b. If there is a Net Loss proceed to c. If there is a Net Profit proceed to d.
c. If there is a Net Loss the Business will make a Loan in the Bank promising a Collateral so that what should be paid will be paid.
d. Suggested Gross Profit or Suggested Service Charge Fee will be exchanged to its Fair Value depending on the Fair Value Exchange Rate by giving the Face Amount of the Suggested Gross Profit or Suggested Service Charge Fee to the Financial Institution for Exchange to be made having the Business with an agreement with the Bank and Financial Institution that no Loan will be made if there is no Exchange to the Fair Value and no Exchange to the Fair Value if no Loan was made. (When it comes to Payroll the Face Amount of the Suggested Salary will be given to the Financial Institution to be exchanged to its Fair Value depending on the Fair Value Exchange Rate which will be transferred to the Savings Account of the Employees in the Bank by writing or typing the Numbers or Digits manually in a Bank Passbook which will be withdrawn in Budgeted Amounts.) If a Loan was made proceed to e.
e. Pay the Loan, Interest of the Loan, Bank Service Charge Fee, and Financial Institution Service Charge Fee so that the Collateral won't be confiscated.
f. Proprietor, Partners, and Stockholders will have or divide the Net Profit in Fair Value among themselves in terms agreed upon by everyone involved.
Amounts in Fair Value will be in Digits first which is not a Debt, not a Loan, not a Receivable from Individuals, not a Receivable from Businesses, with no Mortgage, and with no Collateral 'coz we are given the Power to Create Money which is a Debit to "Cash in Bank" and a Credit to "Savings Account" of the Clients in Banks or Clients in Financial Institutions without the Bangko Sentral ng Pilipinas and without the World Bank or it may be automatically written manually on Bank Clients' Bank Passbook and Financial Institution Clients' Bank Passbook to be withdrawn in Budgeted Amounts of Country's Currency.
Clients of Banks and Clients of Financial Institutions will take care of ones Bank Passbook for Security and Privacy.
With this style of Strategic Commerce then we will give the Suggested Retail Price to have Products and the Suggested Service Charge Fee to avail of Services making us give in Small Amounts for what we have to have that is a want as well while receiving in Big Amounts for sharing Products and Services.
"CyberCash" : City Thrift Bank : Margaux Wrockley Academy : Adeline Arranguez Cantillas
When it comes to "CyberCash" by merely thinking of the Numbers or Digits then we are given the Power to Create Money which is not a Debt, not a Loan, not a Receivable from Individuals, not a Receivable from Businesses, with no Mortgage, and with no Collateral without the Bangko Sentral ng Pilipinas and without the World Bank. We can have CyberCash as Citizen's Allowance everyday for a Lifetime if we're Unemployed and Unemployable but not converted to the Fair Value as we are spending in Suggested Retail Price and Suggested Service Charge Fee in which the Business will do "Strategic Commerce" then if we are Employable what if as a Freelancer then our Suggested Service Charge Fee will be converted to its Fair Value depending on the Fair Value Exchange Rate aside from having a Citizen's Allowance everyday for a Lifetime in which the other party does not have to picture out the Amounts in question whenever we are having Products or availing Services. We can have our CyberCash printed in Budgeted Amounts with Country's Currency.
Creating CyberCash is just a Debit to "Cash in Bank" and a Credit to "Savings Account" of Bank Clients if not Financial Institution Clients but it can be done automatically on Bank Clients' Bank Passbook and Financial Institution Clients' Bank Passbook.
"Getting by with CyberCash" : Margaux Wrockley Academy : Adeline Arranguez Cantillas
"CyberCash" is considered as a Cash and Cash Equivalent which is a Medium of Exchange that is not a Debt, not a Loan, not a Receivable from Individuals, not a Receivable from Businesses, with no Mortgage, and with no Collateral 'coz by merely thinking, writing, and typing the Numbers or Digits manually when there is a Transaction then we are given the Power to Create Money without even acting as the Bangko Sentral ng Pilipinas and without even acting as the World Bank 'coz we are given Autonomy to Create Cash in Bank in which the Money from Business Transactions may it be Manufacturing, Merchandising, Service, and etcetera will always be deposited in the Bank or any Financial Institutions which will be encashed in Budgeted Amounts with Country's Currency.
We will give the Suggested Retail Price to have Products and Suggested Service Charge Fee to avail of Services in which the Suggested Gross Profit of Products had and Suggested Service Charge Fee of Services availed of will be converted to the Fair Value in the Financial Statements through "Fair Value Exchange Domino" just like giving 500 Pesos as Vendor's Fee Daily with a Fair Value Exchange Rate of 100 Pesos or depending on the Fair Value Exchange Rate which is the Value of our every Piso for Suggested Gross Profit of that Product or Suggested Service Charge Fee of that Service making it 50,000 Pesos Vendor's Fee Daily in CyberCash which will be manually deposited in the Bank or any Financial Institutions in which Vendor can withdraw in Budgeted Amounts wherein it's up to the Accountants to do Accounting Magic by typing or writing the Numbers or Digits in which it is against the Law to reverse the amounts from the Fair Value to the Suggested Gross Profit or Suggested Service Charge Fee in the Bank Savings Account and it is against the Law to freeze a Bank Savings Account 'coz the Fair Value is Authentic Money that the Businesses and Individuals receive through "Piso to Piso Exchange in CyberCash" unless Depositor himself or herself wanna freeze ones Bank Savings Account.
"Getting by with CyberCash on Cyberspace" : Margaux Wrockley Academy : Adeline Arranguez Cantillas
CyberCash originates on Statistics making it Financial in Nature or Monetary with every CyberCash Point equivalent to 100 CyberCash subject to Fair Value Exchange with 100 of Currency as Fair Value Exchange Rate in which by merely thinking, writing, and typing the Numbers or Digits we are given the Power to Create Money without the Bangko Sentral ng Pilipinas and without the World Bank that is not a Debt, not a Loan, not a Receivable from Individuals, not a Receivable from Businesses, with no Mortgage, and with no Collateral as it is a Debit to "Cash in Bank" and a Credit to "Savings Account" of Bank Clients if not Financial Institution Clients having that we had it via CyberCash on Journal Entry Explanation but it can be automatically written manually on a Bank Passbook as well as we may withdraw it in Budgeted Amounts with Country's Currency which is a Medium of Exchange as we are having a Role in the Society that will not destroy our Dignity as a Human Being doing an Advocacy.
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