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Picard Publishing

05 / 03 / 2018 Assignment

This paper circulates around the core theme of Picard Publishing together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.

1.    How did the change in the journal entries affect the profit of the business at year-end?
2.    Who gained and who lost as a result of these actions?

You should provide specific examples from the company in your report.

The questions you are required to answer are:
1.    Does the recording the transaction in the general journal rather than in the cash payments journal affect the amounts of cash and total expenses reported in the financial statements?
2.    Does this breach any accounting conventions and would/should this be identified by an audit?
3.    Why did Linda White record these expenses in the general journal?
4.    What is the ethical issue in this situation?
5.    What role does accounting play in this situation?
6.    Who are the parties affected by this action?

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