Different user group are interested in an entit's financial statement for different reasons.identify any four potential user group and briefly describe the information which they May be interested in
Give an example of a transaction in the general journal that causes an entry to be posted twice (i.e.
to two accounts), one in the general ledger, the other in the subsidiary ledger. Does this affect the
debit/credit equality of the general ledger?
A and B are partners in a firm sharing profits in the ratio of 2 : 1. C joins the firm.
A surrenders 1/4th of his share and B 1/5th of his share in favour of C. Find the new profit sharing ratio.
You notice two price relationships : when there is a drought the price of maize rises, when the price of potatoes goes up, the price of bread also increases. use a supply and demand diagrams to explain these two relationships
Verification checks assist by finding inconsistencies in the data. What other checks can a user make to review the accuracy of data input? 80–100 words