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Accounting and Business



This book explains the methods used in accounting and business valuations by using the fictional story of a new start-up business, from original concept to eventual acquisition. Enamoured with entrepreneurial spirit, a business woman buys her family’s secret salad dressing recipe from her brother and sets up a business. Chapter 1 illustrates double entry bookkeeping and how to prepare a Trial Balance, Profit and Loss Account and Balance Sheet and also discusses the working capital cycle, asset management and how to negotiate with banks. At the forefront of this chapter is how the combination of inexperience and insufficient funds can lead to near disaster, which is clearly illustrated via the fictional story.
Malcolm - Personal Name
First Edition
NONE
Accounting and Business
Management
English
2008
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