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You work as an accounts assistant for Poppy's Florists and have been given opening balances at 1st January 2017, as follows: Bank 12,000 Sales 27,500
You work as an accounts assistant for Poppy's Florists and have been given opening balances at 1st January 2017, as follows:
Bank 12,000
Sales 27,500
Purchases 12,500
Receivables 150,200
Payables 4,800
Do these figures all look reasonable? If not, what should you do?
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Accounting Information Systems
Authors: Vernon Richardson, Chengyee Chang, Rod Smith
2nd edition
