Question: 2. Explain in your own words how double entry accounting relates to the accounting equation. 3. Why is it important for businesses to prepare

2. Explain in your own words how double entry accounting relates to the accounting equation. 3. Why is it important for businesses to prepare accounts reports periodically? Explain in your own words. 4. Explain at least 3 methods to plan for the recovery of bad debts in the organisation. 5. Research and explain the importance of the following legislation and code of practice when it comes to debt collection. Australian Consumer Credit Code / National Credit Code Corporate Law

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Answer 2 Double entry accounting is a method of recording financial transactions where every transaction has equal and opposite effects in at least tw... View full answer

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