You in a trendy cafe with your friend, who owner of a cafe. Adam looks terrible and when you ask him whats wrong, he tells you that he has been up all night trying to balance his trial balance of te cafe, but it just wont balance and he needs help. bill goes on to add that he has been working on it for days

you have told Adam he need to see his accountant but you are happy to talk about how data is processed at this is one of the area you have been studying

Required

You need to schedule a 10 to 15 minute meeting with Adam to discuss why his trial balance isn't balancing Your Teacher / assessor will play the role of Adam

In preparation for your meeting with Adam, you will need to be in position to identify and explain the following concepts

1. Discuss with Adam about completing routine activities accurately (eg understanding the importance of entering data accurately)
2. Discuss non routine and non repetitive accounting events that may impact on balancing a trial balance
3. Advise Adam about the impact of transposition errors on trail balance. Why this may happen?
4. Advise Adam where he can seek help for further advice if he still cant make the trail Balance balanced?