Ahmed has been in business for some years as a petit trader. He simply calculates his...
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Ahmed has been in business for some years as a petit trader. He simply calculates his profit by adding his sales (cash sales only) and deducting his expenditures (Cash expenditures only) from it. As a grade 11 Accounting student, you are required to analyze the impact this may have on his profit. Guidelines:- - Start off with an Introduction of what you want to analyze. - Your analysis should include but not limited to:- Capital and revenue expenditures Accounting Concepts Etc - Your conclusion should be an advice to Ahmed. NB:- Your work should be in word format( font size should be 11, 1.15 spacing and font face should be Calibri) and not less than 1500 words. - Please include a link to all online materials you have used. Ahmed has been in business for some years as a petit trader. He simply calculates his profit by adding his sales (cash sales only) and deducting his expenditures (Cash expenditures only) from it. As a grade 11 Accounting student, you are required to analyze the impact this may have on his profit. Guidelines:- - Start off with an Introduction of what you want to analyze. - Your analysis should include but not limited to:- Capital and revenue expenditures Accounting Concepts Etc - Your conclusion should be an advice to Ahmed. NB:- Your work should be in word format( font size should be 11, 1.15 spacing and font face should be Calibri) and not less than 1500 words. - Please include a link to all online materials you have used.
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Answer rating: 100% (QA)
The Ahmed is using the cash accounting method to calculate the profit of his company The cash accounting takes into only those transactions which are ... View the full answer
Related Book For
Equity Asset Valuation
ISBN: 978-0470571439
2nd Edition
Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen
Posted Date:
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