In the 6th century BC a priest of Dionysus, by the name of Thespis, introduces a new element which can validly be seen as the birth of theatre.

Athens

Thespis

Passion and enthusiasm

A women’s greatest asset is her beauty.

10 Life Lessons Theatre Taught Me

• Self-Awareness.
• Being open and receptive to criticism.
• Teamwork.
• Time management.
• Dealing with all types of different people.
• Confidence and Public speaking skills.
• Being realistic.
• Becoming adaptive with good Problem solving skills.

Here are some pointers to consider when making your asset inventory template:

1. Decide on a system for record keeping.
2. Make a separate list of your physical assets.
3. Create a list of your financial assets.
4. Document your personal information.
5. Include a description of the items.
6. Attach proof of ownership.

Current assets include cash, cash equivalents, accounts receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets. Current assets are important to businesses because they can be used to fund day-to-day business operations and to pay for the ongoing operating expenses.

Accounts Payable Journal Entries refers to the amount payable accounting entries to the creditors of the company for the purchase of goods or services and are reported under the head current liabilities on the balance sheet and this account debited whenever any payment is been made.

Why is “accounts payable” not treated as debt financing? – Quora. It is because that is how Creditors (particularly large PLCs) treat the Sales Ledger and Credit Control, a form of supplementary borrowing from an bank operating overdraft. The bigger the company the slower payers they tend to be.

When you receive an invoice, the amount of money you owe increases (accounts payable). Since liabilities are increased by credits, you will credit the accounts payable. Since liabilities are decreased by debits, you will debit the accounts payable. And, you need to credit your cash account to show a decrease in assets.

The full cycle of the accounts payable process includes invoice data capture, coding invoices with correct account and cost center, approving invoices, matching invoices to purchase orders, and posting for payments. The accounts payable process is only one part of what is known as P2P (procure-to-pay).

When a purchase requisition process is in place, the purchase will be triggered by a pre-approved purchase order (PO) that is sent to the supplier. In the case of purchases made outside the regulated purchase process, a non-PO invoice, also called expense invoice, will be sent from the supplier.

P2P connects procurement through to payment of goods The purchase to pay process, also known as the P2P process, connects the procurement and entire supply chain processes within a company through the goods receipt process, and finally to the payment issued to the vendor.