(b) State briefly what further information a banker would require from Prolog Ltd before granting additional overdraft...

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(b) State briefly what further information a banker would require from Prolog Ltd before granting additional overdraft facilities for the anticipated expansion of sales.

Brown and Jeffreys, a West Midlands business, makes one standard product for use in the motor trade. The product, known as the Fuel Miser, for which the business holds the patent, when fitted to the fuel system of production model cars has the effect of reducing petrol consumption.

Part of the production is sold direct to a local car manufacturer, which fits the Fuel Miser as an optional extra to several of its models and the rest of the production is sold through various retail outlets, garages and so on.

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Accounting An Introduction

ISBN: 9780273711360

4th Edition

Authors: Harvey, Jenner Atrill, McLaney

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