FEEDING POOR CHILDREN

Many people are starving and do not have any money to buy their own food. Many children are wondering in the streets and begging for money and food to eat. The government should control the poverty of the people in this country because many more people are becoming beggars that are wondering in the streets. As a student I think could feed some of the starving children that are wondering outside the school to lessen the number of people starving. I learned that I can help save lives even with a less effort. By just mere feeding the starving people it can prolong their lives.

Lessons That I Learned From Accounting:
In business money is everything and there will be no operation if there is no money involve. Accounting is the language of business that involves transactions using money or having a debt. Accounting is the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character, and interpreting the results thereof. The basic accounting equation is assets = liabilities + owners’ equity. This is the balance sheet. The foundation for the balance sheet begins with the income statement, which is revenues - expenses = net income or net loss. This is followed by the retained earnings statement, which is beginning retained earnings + net income - dividends = ending retained earnings or beginning retained earnings - net loss - dividends = ending retained earnings. The current ratio is current assets divided by current liabilities. The debt to total assets ratio is total assets divided by total liabilities. Even to a small business we can use accounting for example a sari-sari store and a street vending.

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THANK YOU!!!