Question: State and explain the accounting concepts or principles that being violated in the following description: (a) Encik Azmin Hisham, the owner of Bobo Shop, included
State and explain the accounting concepts or principles that being violated in the following description: (a) Encik Azmin Hisham, the owner of Bobo Shop, included his family's vacation trip to Tokyo and Sydney as expenses of the business. [b] Vivid Trading changes its Inventories valuation method every year. The account officer would choose the method that will report a higher net Income. c) The record of the credit sales is done by referring to the receipt issued to the customers. fe) Amira owns two businesses Megah Trading and Girang Services. Whilie preparing the financial statement the accounts officer has mked up the expenses for Megah Trending and Girang Services tej the shareholder of Cera Sen Bad requested that the quality of services and the morale of the employees shoula be reported in the financial statements. 10 marks)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
