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The owners of Fitzroy Cuisine Bistro Pty Ltd have alerted the accountant of the business as at 30 June 2019 that a customer suffered food
The owners of Fitzroy Cuisine Bistro Pty Ltd have alerted the accountant of the business as at 30 June 2019 that a customer suffered food poising whilst eating at the Bistro. The customer has made a claim in the Melbourne Magistrates Court against the entity. Currently, no decision has been made at 30 June by the Court and no compensation for damages can be reliably measured. Required: As the accountant you will need to: 1. Identify and define the appropriate account(s) to address the claim for compensation in the Melbourne Magistrate's Court. 2. Report the impact on the financial statements: Income Statement and Balance Sheet. 3. Discuss the impact on the accounting equation
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