You work as a Junior Accounting Analyst for The National Bank of Canada. Discuss current assets and liabilities by including the following components:

-give a descriptive explanation of the company's preferred current accounting procedures to help the client better understand them;

-annual sales and an explanation of their increase or decrease from the previous year;

-short-term investments, their value and source (if applicable);

-the balance of accounts receivable and the method of assessing bad debts;

-the amount of short-term liabilities;

-the valuation methods for inventories and their value.

Answer rating: 100% (QA)

Answer 1 This manual has been assembled to provide ORGANIZATION NAME with guidance in fulfilling its fiscal responsibility to its funding sources The Accounting Policies and Procedures Manual establis... View the full answer