(a) The proprietor who has supplied the business capital out of his own private bank account. (b)...

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(a) The proprietor who has supplied the business capital out of his own private bank account.

(b) The sales manager who is always very optimistic about the creditworthiness of prospective customers.

(c) The managing director who does not want annual accounts prepared as the company operates a continuous 24-hour-a-day, 365-days-a-year process.

(d) At the end of Period 1, it is difficult to be certain whether the company will have to pay legal fees of £1000 or £3000.

(e) The proprietor who argues that the accountant has got a motor vehicle entered twice in the books of account.

(f) Some goods were purchased and entered into stock at the end of Period 1, but they were not paid for until Period 2.

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Accounting For Non-Accounting Students

ISBN: 9781292128979

9th Edition

Authors: John R. Dyson, Ellie Franklin

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