Management Functions
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Title: Management Functions

Essay Details:

Subject: Business
Author: Gloria L
Date: April 23, 2013
Level: University
Grade: A
Length: 17 / 5018

Essay text:

However, the same principles apply, whatever the size of the business. The concepts are also very relevant to computerised accounting systems such as Sage, which assume such knowledge. For the very smallest business, simply keeping a cashbook, with all payments & receipts recorded is sufficient. Along with a list of debtors, creditors & closing stock at the year-end, your accountant can produce a set of accounts. The starting point will be a simple explanation of the concept of double-entry. All the fundamental areas will be covered leading up to the trial balance at the year-end, from which a Profit & Loss Account & Balance Sheet are extracted...

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