Accounting Fundamentals assignment

PART A: USING fiscal STATEMENTS Business Environ custodyt Question 1: Briefly expound the chief(prenominal) surgical operation (activities) of the club. The main operation of the company Hallenstein Glasson Holdings Ltd is to sell men and womens clothing. Question 2: For whom is the annual tangible com dapple ready. Provide unique(predicate) pen discipline present from the Statement of Concepts. The annual key out is prep ard to provide information for external users such(prenominal) as, providers of resources to such entities for precedent suppliers, lenders, investors, tax payers or donors; Representatives of groups such as voters or sh arholders, whether the representatives are elected or ap pointednessed. Analysis and members of the media concerned with analyzing and reporting the functioning of entities. Question 3: Hallenstein Glasson Holding Ltd is a group of companies. Use the m unrivalledtary report to identify 3 companies in the group. The three companies are:         Hallenstein Bros Limited         Hallenstein Properties Limited         Glassons Limited. Question 4: a)         What is meant by the intelligence service report term desegregation? Consolidation means feature devil or more organizations fund, etc into one. b)          inform briefly how it allow bear with the Hallenstein group of companies.

This will oblige with the Hallenstein group of companies because on that point is more than one company within Hallenstein Glasson Holdings Ltd which means that they operate on combined all their funds, debts etc into one which is consolidation. So Hallenstein Glasson Holdings Ltd is consolidated. The Statement of monetary Position: Question 5: a)          development group figures for 2003 year, present the account equating Assets = Liabilities + Equity. $56712 = $13242 + $43470 b)         Explain why the accounting system comparability holds true. The accounting equation holds true because for every action made on the assets position of the equation you must hence put the same effect on the liability/ truth side of the accounting equation. So if you purchase some located assets... If you want to get a full essay, order it on our website: Ordercustompaper.com

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