Emma Lu obtained registration to practise as a naturopath, and spent the month of July 2019 setting

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Emma Lu obtained registration to practise as a naturopath, and spent the month of July 2019 setting up her business — E. Lu, Naturopath.

Emma prepared a new balance sheet after each transaction which occurred. During July, the following balance sheets were prepared.

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Required

(a) Describe each of the five transactions that occurred during July 2019.

(b) Emma is very focused on the environment. As a manager and owner of the business, discuss the actions that she could take to earn a reputation for having sustainable business practices.

(c) Discuss whether you believe that disclosing sustainable business practices enhances an entity’s reputation.

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Related Book For  book-img-for-question

Financial Accounting

ISBN: 9780730363217

10th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie, Andreas Hellmann, Jodie Maxfield

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