A demand by the company’s chairman to include every detailed transaction in the presentation of the annual accounts.

A sole-trader business which has paid the proprietor’s income tax based on the business profits for the year.

A proposed change in the methods of valuing stock.

The valuation of a litre of petrol in one vehicle at the end of accounting period 1.

A vehicle which could be sold for more than its purchase price.

Goods which were sold to a customer in period 1, but for which the cash was only received in period 2.