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BU7403 Financial Analysis And Management

tag 0 Download 13 Pages / 3,219 Words tag 08-09-2020
  • Course Code: BU7403
  • University: University Of Chester
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  • Country: United Kingdom

Question:

When we have identified the dual effect, we translate the dual effect into the double entry.  For each type of transaction we ‘post’ two entries in the nominal ledger.  

Each entry is posted into a different account

One will be a debit, the other a credit

Debits (positive) are recorded on the left, Credits (negative) are on the right

NB Each transaction will equal nil

Who decides the value of the company assets such as Fixed Assets, Stock and Debtors?

Is there any way we can use the flexibility within accounting rules to help the company show a profit?

 
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Total 13 pages

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