1. Discuss two reasons why a business would choose to issue debentures rather than issuing shares? 2....
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1. Discuss two reasons why a business would choose to issue debentures rather than issuing shares?
2. If you are using a computerized accounting program, such as Xero where all entries have two accounts nominated, does this mean you do not need to run a trial balance?
3. Camelia Ltd uses the periodic inventory system and discovers in 2022 that its ending inventory on 30 June 2021 was $2 000 understated. Discuss what effect will this error have on (a) 2022 profit and (b) combined profit for 2021 and 2022 together.
4. Discuss why it is important to determine whether a business entity is a reporting entity.
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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