(a) The owner of a newly formed small trading business has asked for advice regarding the establishment...

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(a) The owner of a newly formed small trading business has asked for advice regarding the establishment of a full double-entry accounting system.

List the books required to provide full accounting records and state briefly the purpose of each book.

(b) The owner of a company with over 5 000 credit customers seeks advice on a suitable system for checking the accuracy of the ledger entries relating to these customers.

Describe how control can be exercised in such a situation.

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Accounting Costing And Management

ISBN: 9780198328230

2nd Edition

Authors: Riad Izhar, Janet Hontoir

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Question Posted: Jun 24, 2024 02:05 AM

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(a) The owner of a newly formed small trading business has asked for advice regarding the establishment...

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Accounting Costing And Management

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