Socio-economic Effect Of Boko Haram Activities

Socio-economic effect of Boko Haram activities The impact of the heinous activities of Boko Haram terrorism on the social economic and political framework of Nigeria is over-whelming and damaging. Many businesses in the condition have been affected by the activities of the insurgence. Some shops have been taking over by the military personnel who’ve managed to get their base, forcing the businesses owners to either relocate or abandon it totally. Small businesses that use to strive in the night time like Tea selling, Restaurants, e.t.c.

Banks can’t travel to municipality council to pay wages due to regular attacks on the way, staff of the neighborhood council have to come down to the condition capital for their incomes which is very risky. 6 billion) consequently of attacks by the Boko Haram group.

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A decrease in price for quick payment. Called a rebate Also. Reflects an increase in amount due from a person. Recognizes that a customer returned merchandise and/or received an allowance. Requires a debit memorandum to identify the customer’s come back. Is documented when a customer requires a discount. Reflects a decrease in amount due a supplier.

Cost of goods sold. General and administrative expenses. Merchandise inventory is reported on the total amount sheet as an ongoing asset. Merchandise inventory refers to products an organization is the owner of and intends to sell. Merchandise inventory can include the expense of shipping the products to the store and making them ready for sale.

Merchandise inventory does not appear on the total amount sheet of a service company. Products inventory purchases are not considered area of the working cycle for a continuing business. Cost of goods sold. Merchandise available for purchase. Shown on the balance sheet. Earns net income by buying and selling merchandise. Receives fees only in trade for services.

Earns profit from commissions only. Earns benefit from fares only. Buys products from consumers. The balances in the Income Statement credit column are revenues. The amounts in the Income Statement credit column are unearned profits. The balances in the Income Statement debit column are expenditures. The difference between the totals of the Income Statement columns is net gain or net loss. The web income or online loss from the Income Statement columns is came into in the total amount Sheet & Statement of Owner’s Equity columns.

Both GAAP and IFRS establish the initial asset value as historical cost for nearly all assets. The definition of an asset under IFRS and GAAP entails three basic requirements. Both IFRS and GAAP specify the original asset value as substitute value. The definition of a liability under IFRS and GAAP requires three basic criteria.

After acquisition, one of two asset measurement systems is applied. All ledger accounts with amounts, none of which can be short-term accounts. All ledger accounts with balances, none of which may be long lasting accounts. All ledger accounts with balances, which include some temporary plus some long lasting accounts. Only revenue and expenditure accounts.