Question
Question 3 (a) Explain the possible sources of finance available to a sole trader business. (b) Outline how a petty cash system operates. (c) Explain
Question 3
(a) Explain the possible sources of finance available to a sole trader business.
(b) Outline how a petty cash system operates.
(c) Explain the term current account.
(d) Distinguish between ordinary and preference shares.
(e) Explain the functions of a bank reconciliation statement.
(f)Explain the purpose of preparing a Bank Reconciliation Statement
Note:Please type the answers
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
471737933, 978-0471737933
