A. explanation of the nominal accounts for the profit and loss account and the balance is binding and discussing the process of adding and deleting nominal records after that a description of the process of creating a customer
The company manufactures electrical equipment, appliances and electrical components. The company wants to complete the installation and maintenance of its computerised accounting system. The business will be registered for Standard VAT Accounting and will be trading on both a credit and cash basis. The company supplies Power Cables and Control Cables, Power Cables are standard rated, and Control Cables are zero-rated. The
Question
A. explanation of the nominal accounts for the
Step by step
Solved in 2 steps
