GET ASSURED A++ GRADE IN EACH BFA507 THE ACCOUNTING FRAMEWORK ASSIGNMENT ORDER - ORDER FOR ORIGINALLY WRITTEN SOLUTIONS!
BFA507 The Accounting Framework - University Of Tasmania
Question: COMPLETE THE FOLLOWING TASKS FOR THE MONTH OF JUNE 2018 FOR BORDERLINE LTD.
1. Enter the transactions into the appropriate journals - you are expected to use General and Special Journals.
2. Post the transactions to the General Ledger accounts and balance the Accounts. Enter Subsidiary Ledgers as appropriate.
3. Prepare a bank reconciliation, along with any general journal entries required.
4. Complete any required adjusting and closing journal entries and prepare a post-closing trial balance.
5. Prepare a Statement of Financial Performancefor June and a Statement of Financial Position as at 30 June 2018.
Solution:
PART A MANUAL ACCOUNTING
|
Date
|
Particulars
|
JF
|
Debit
|
Credit
|
|
1-Jun
|
Bank a/c
|
|
1200
|
|
|
To Roar Ltd
|
|
1200
|
|
3-Jun-18
|
Jones Ltd
|
|
905
|
|
|
COGS
|
|
420
|
|
|
To Sales
|
|
|
905
|
|
To Inventory
|
|
420
|
|
4-Jun-18
|
Rent a/c
|
|
1500
|
|
|
To bank
|
|
|
1500
|
|
5-Jun-18
|
Purchase a/c
|
1397
|
|
|
To Pink
|
|
|
1397
|
|
6-Jun-18
|
Yard a/c
|
|
4500
|
|
|
To bank
|
|
|
4500
|
|
8-Jun-18
|
Bank a/c
|
|
1900
|
|
|
To Wide Ltd
|
|
1900
|
|
11-Jun-18
|
Pink a/c
|
|
1397
|
|
|
To bank
|
|
|
1397
|
|
12-Jun-18
|
Telephone a/c
|
320
|
|
|
To bank
|
|
|
320
|
|
13-Jun-18
|
Bank a/c
|
|
700
|
|
|
To Jones LTd
|
|
700
|
|
14-Jun-18
|
Bank a/c
|
|
20900
|
|
|
To sales
|
|
|
20900
|
|
14-Jun-18
|
Account wages
|
5200
|
|
|
To bank
|
|
|
5200
|
|
17-Jun-18
|
Cash registers rolls and stationery
|
220
|
|
|
To bank
|
|
|
220
|
|
18-Jun-18
|
Zane Ltd
|
|
2750
|
|
|
COGS
|
|
1200
|
|
|
To Sales
|
|
|
2750
|
|
To Inventory
|
|
1200
|
|
21-Jun-18
|
Wide Ltd
|
|
715
|
|
|
COGS
|
|
320
|
|
|
To Sales
|
|
|
715
|
|
To Inventory
|
|
320
|
|
23-Jun-18
|
Purple a/c
|
3200
|
|
|
To bank
|
|
|
3200
|
|
27-Jun-18
|
Sundry Expenses a/c
|
435
|
|
|
To bank
|
|
|
435
|
|
28-Jun-18
|
Bad debt expense a/c
|
250
|
|
|
To mane Ltd
|
|
250
|
|
29-Jun-18
|
Bank a/c
|
|
27500
|
|
|
To Sales
|
|
|
27500
|
|
30-Jun-18
|
Wages a/c
|
5600
|
|
|
To bank
|
|
|
5600
|
|
30-Jun-18
|
Sales return a/c
|
154
|
|
|
To Zane Ltd
|
|
154
|
|
30-Jun-18
|
Inventory a/c
|
70
|
|
|
To COGS
|
|
|
70
|
|
30-Jun-18
|
Purchase a/c
|
4420
|
|
|
To pink
|
|
|
4420
|
|
30-Jun-18
|
COGS
|
|
2100
|
|
|
Inventory
|
|
2100
|
|
30-Jun-18
|
Bank a/c
|
|
6200
|
|
|
To Sales
|
|
|
6200
|
|
30-Jun-18
|
Zale Ltd
|
|
6000
|
|
|
To bank
|
|
|
6000
|
|
Adjusting Entries
|
|
|
|
|
Date
|
Particulars
|
JF
|
Debit
|
Credit
|
|
30-Jun-18
|
Depreciation
|
5460
|
|
|
To shop fitting
|
|
5460
|
|
30-Jun-18
|
Depreciation
|
6000
|
|
|
To Motor Vehicle
|
|
6000
|
|
30-Jun-18
|
Advertising Expense
|
3500
|
|
|
To advertising payable
|
3500
|
|
30-Jun-18
|
Income tax expense
|
12430
|
|
|
To income tax payable
|
12430
|
|
30-Jun-18
|
Accounts receivable
|
415.68
|
|
|
To Provision for doubtful debt
|
415.68
|
|
30-Jun-18
|
Finance costs
|
3000
|
|
|
To bank
|
|
|
3000
|
|
30-Jun-18
|
Rent
|
|
1500
|
|
|
To bank
|
|
|
1500
|
|
|
|
|
|
|
Working Notes
|
|
|
|
|
Depreciation
|
|
|
|
|
Shop Fitting
|
|
|
|
|
Cost
|
60000
|
|
|
|
|
Residual value
|
5400
|
|
|
|
|
Years
|
10
|
|
|
|
|
Depreciation
|
5460
|
|
|
|
|
|
|
|
|
|
Motor vehicle
|
|
|
|
|
Cost
|
35000
|
|
|
|
|
Residual value
|
5000
|
|
|
|
|
Years
|
5
|
|
|
|
|
Depreciation
|
6000
|
|
|
|
|
Bank a/c
|
|
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
1-Jun-18
|
Opening Balance
|
25200
|
4-Jun-18
|
By rent
|
1500
|
|
1-Jun-18
|
To Roar Ltd
|
1200
|
6-Jun-18
|
By yards
|
6000
|
|
8-Jun-18
|
To Wide Ltd
|
1900
|
11-Jun-18
|
By Pink
|
1397
|
|
13-Jun-18
|
To Jones Ltd
|
700
|
12-Jun-18
|
By telephone
|
320
|
|
14-Jun-18
|
To sales
|
20900
|
14-Jun-18
|
By Account Wages
|
5200
|
|
23-Jun-18
|
To Purple
|
3200
|
17-Jun-18
|
By Cash rehgisters rooks and stationery
|
220
|
|
29-Jun-18
|
To sales
|
27500
|
27-Jun-18
|
By sundry expenses
|
435
|
|
30-Jun-18
|
To sales
|
6200
|
30-Jun-18
|
By wages
|
5600
|
|
|
|
30-Jun-18
|
By zale ltd
|
6000
|
|
|
|
30-Jun-18
|
By balance carried forward
|
60162
|
|
|
86800
|
|
|
86800
|
|
Roar Ltd a/c
|
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
1-Jun-18
|
By balance brought down
|
2800
|
1-Jun-18
|
By bank
|
1200
|
|
|
|
1-Jun-18
|
By discount allowed
|
100
|
|
|
|
30-Jun-18
|
By bank
|
1500
|
|
|
2800
|
|
|
2800
|
ENDLESS SUPPORT IN BFA507 THE ACCOUNTING FRAMEWORK ASSIGNMENTS WRITING SERVICES - YOU GET REVISED OR MODIFIED WORK TILL YOU ARE SATISFIED WITH OUR BFA507 THE ACCOUNTING FRAMEWORK ASSIGNMENT HELP SERVICES!
|
Jones Ltd
|
|
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
1-Jun-18
|
Opening balance
|
1100
|
30-Jun-18
|
By balance carried down
|
2425
|
|
3-Jun-18
|
To sales
|
905
|
|
|
|
|
3-Jun-18
|
To Inventory
|
420
|
|
|
|
|
|
|
|
|
|
|
|
2425
|
|
|
2425
|
|
Shade Ltd
|
|
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
1-Jun-18
|
Opening balance
|
2750
|
30-Jun-18
|
By balance carried down
|
2750
|
|
|
|
|
|
|
|
|
2750
|
|
|
2750
|
|
Zane Ltd
|
|
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
1-Jun-18
|
Opening balance
|
1700
|
30-Jun
|
By Sales return
|
154
|
|
18-Jun-18
|
To sales
|
2750
|
30-Jun-18
|
By balance carried forward
|
5496
|
|
18-Jun-18
|
To Inventory
|
1200
|
|
|
|
|
|
|
|
|
|
|
|
5650
|
|
|
5650
|
|
Wide Ltd
|
|
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
1-Jun-18
|
Opening balance
|
1900
|
30-Jun-18
|
By balance carried down
|
2935
|
|
21-Jun-18
|
To sales
|
715
|
|
|
|
|
21-Jun-18
|
To inventory
|
320
|
|
|
|
|
|
|
|
|
|
|
|
2935
|
|
|
2935
|
|
Mane
|
|
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
1-Jun-18
|
Opening balance
|
250
|
30-Jun-18
|
By balance carried down
|
250
|
|
|
|
|
|
|
|
|
250
|
|
|
250
|
|
Schedule of debtors
|
|
Particulars
|
Amount
|
|
Shade Ltd
|
2750
|
|
Roar Ltd
|
0
|
|
Zane Ltd
|
5496
|
|
Jones Ltd
|
2425
|
|
Wide Ltd
|
2935
|
|
Mane
|
250
|
|
Total
|
13856
|
|
Mane Ltd
|
|
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
28-Jun-18
|
To bad debt expense
|
250
|
1-Jun-18
|
opening balance
|
250
|
|
|
|
|
|
|
|
|
0
|
|
|
0
|
|
Purple Ltd
|
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
21-Jun-18
|
To bank
|
3200
|
1-Jun-18
|
Opening balance
|
3200
|
|
|
|
|
|
|
|
|
0
|
|
|
0
|
|
Pink Ltd
|
|
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
11-Jun-18
|
To bank
|
1397
|
1-Jun-18
|
Opening balance
|
0
|
|
30-Jun-18
|
To balance carried forward
|
4420
|
5-Jun-18
|
By purchase
|
1397
|
|
|
|
30-Jun-18
|
By purchase
|
4420
|
|
|
|
|
|
|
|
|
5817
|
|
|
5817
|
|
Yard Ltd
|
|
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
6-Jun-18
|
To bank
|
4500
|
1-Jun-18
|
Opening balance
|
4550
|
|
6-Jun-18
|
To discount allowed
|
50
|
|
|
|
|
|
|
|
|
|
|
|
0
|
|
|
0
|
|
Zale Ltd
|
|
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
30-Jun-18
|
To bank
|
6000
|
1-Jun-18
|
Opening Balance
|
6000
|
|
|
|
|
|
|
|
|
0
|
|
|
0
|
|
Schedule of creditors
|
|
Particulars
|
Amount
|
|
Mane Ltd
|
0
|
|
Purple Ltd
|
0
|
|
Pink Ltd
|
4420
|
|
Yard Ltd
|
0
|
|
Zale Ltd
|
0
|
|
Total
|
4420
|
|
Sales account
|
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
30-Jun-18
|
By balance carried down
|
58970
|
3-Jun-18
|
By Jones Ltd
|
905
|
|
|
|
14-Jun-18
|
By bank
|
20900
|
|
|
|
18-Jun-18
|
By Zane Ltd
|
2750
|
|
|
|
21-Jun-18
|
By Wide Ltd
|
715
|
|
|
|
29-Jun-18
|
By bank
|
27500
|
|
|
|
30-Jun-18
|
By bank
|
6200
|
|
|
|
|
|
|
|
|
58970
|
|
|
58970
|
|
Sales return account
|
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
30-Jun-18
|
To Zane Ltd
|
154
|
30-Jun-18
|
By balance carried forward
|
154
|
|
|
|
|
|
|
|
|
154
|
|
|
154
|
|
Purchases a/c
|
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
5-Jun-18
|
To Pink
|
1397
|
30-Jun-18
|
By balance carried forward
|
5817
|
|
30-Jun-18
|
To Pink
|
4420
|
|
|
|
|
|
|
|
|
|
|
|
5817
|
|
|
5817
|
|
Inventory
|
|
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
1-Jun-18
|
Opening balance
|
85000
|
3-Jun-18
|
By Jones Ltd
|
420
|
|
30-Jun-18
|
To COGS
|
70
|
18-Jun-18
|
By zanes Ltd
|
1200
|
|
|
|
21-Jun-18
|
By wide Ltd
|
320
|
|
|
|
30-Jun-18
|
By COGS(Pink)
|
2100
|
|
|
|
30-Jn-2018
|
By balance carried down
|
81030
|
|
|
85070
|
|
|
85070
|
|
COGS
|
|
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
3-Jun-18
|
To Inventory
|
420
|
30-Jun-18
|
By Inventory
|
70
|
|
18-Jun-18
|
To Inventory
|
1200
|
30-Jun-18
|
By balance carried down
|
3970
|
|
21-Jun-18
|
To Inventory
|
320
|
|
|
|
|
30-Jun-18
|
To Inventory
|
2100
|
|
|
|
|
|
|
|
|
|
|
|
4040
|
|
|
4040
|
|
Rent
|
|
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
4-Jun-18
|
To bank
|
1500
|
30-Jun-18
|
By balance carried down
|
1500
|
|
|
1500
|
|
|
1500
|
|
Telephone
|
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
12-Jun-18
|
To bank
|
320
|
30-Jun-18
|
By balance carried down
|
320
|
|
|
320
|
|
|
320
|
|
wages
|
|
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
1-Jun-18
|
Opening wages
|
15000
|
30-Jun-18
|
Wages expense
|
24480
|
|
14-Jun-18
|
To bank
|
5200
|
30-Jun-18
|
Closing balance
|
1320
|
|
30-Jun-18
|
To bank
|
5600
|
|
|
|
|
|
|
|
|
|
|
|
25800
|
|
|
25800
|
|
Bad Debt Expense
|
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
28-Jun-18
|
To mane Ltd
|
250
|
30-Jun-18
|
By balance carried down
|
250
|
|
|
250
|
|
|
250
|
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|
Sundry Expenses
|
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
27-Jun-18
|
To bank
|
435
|
30-Jun-18
|
By balance carried down
|
435
|
|
|
435
|
|
|
435
|
|
Electricity
|
|
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
1-Jun-18
|
Opening balance
|
0
|
30-Jun-18
|
Closing balance
|
1100
|
|
|
|
|
|
|
|
|
1100
|
|
|
1100
|
|
Provision for doubtful debt
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
30-Jun-18
|
To balance carried forward
|
715.68
|
1-Jun-18
|
Opening balance
|
300
|
|
|
|
30-Jun-18
|
By Accounts receivable
|
415.68
|
|
|
715.68
|
|
|
715.68
|
|
Shop Fitting
|
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
1-Jun-18
|
Opening balance
|
60000
|
30-Jun-18
|
By depreciation
|
5460
|
|
|
|
30-Jun-18
|
By balance carried down
|
54540
|
|
|
|
|
|
|
|
|
60000
|
|
|
60000
|
|
Motor Vehicle
|
|
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
1-Jun-18
|
Opening balance
|
35000
|
30-Jun-18
|
By depreciation
|
6000
|
|
|
|
30-Jun-18
|
By balance carried down
|
29000
|
|
|
|
|
|
|
|
|
35000
|
|
|
35000
|
|
Accumulate depreciation- shop fitting
|
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
30-Jun-18
|
To balance carried forward
|
15925
|
1-Jun-18
|
Opening balance
|
10465
|
|
|
|
30-Jun-18
|
shop fitting
|
5460
|
|
|
15925
|
|
|
15925
|
|
Accumulated depreciation- Motor Vehicle
|
|
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
30-Jun-18
|
To balance carried forward
|
17500
|
1-Jun-18
|
Opening balance
|
11500
|
|
|
|
30-Jun-18
|
shop fitting
|
6000
|
|
|
17500
|
|
|
17500
|
|
Trial Balance
|
|
Particulars
|
Debit
|
Credit
|
|
Cash at bank
|
60162
|
|
|
Debtors control
|
58970
|
|
|
Provision for doubtful debts
|
715.68
|
|
Inventory
|
81030
|
|
|
Shop Fittings and Equipment
|
54540
|
|
|
Acc depreciation -Shop fittings and Equip
|
15925
|
|
Motor Vehicles
|
29000
|
|
|
Accumulated depreciation -M/Vehicles
|
17000
|
|
Creditors control
|
18420
|
|
Share capital
|
60 000
|
|
Retained profits
|
81 735
|
|
GST Paid
|
4 300
|
|
|
GST Collected
|
8 500
|
|
Loan
|
|
32 000
|
|
Sale return
|
154
|
|
|
Accounts Receivable
|
13586
|
|
|
Accounts payable
|
4420
|
|
Rent
|
2800
|
|
|
Telephone
|
320
|
|
|
Electricity
|
1100
|
|
|
Advertising
|
3500
|
|
|
Income tax payable
|
12430
|
|
|
COGS
|
3970
|
|
|
Wages
|
1320
|
|
|
Bad Debt Expense
|
250
|
|
|
Sundry Expense
|
435
|
|
|
Provision for doubtful debts
|
715.68
|
|
Miscellaneous
|
266370.6
|
|
323567
|
323567
|
|
Trading account
|
|
|
|
Particulars
|
Amount
|
particulars
|
Amount
|
|
Purchases
|
4420
|
Sales
|
58970
|
|
Sales return
|
154
|
Inventory
|
81030
|
|
Wages
|
1320
|
|
|
|
Operating expenses
|
435
|
|
|
|
Gross Profit
|
133671
|
|
|
|
140000
|
|
140000
|
|
|
|
|
|
Profit and Loss account
|
|
|
Particulars
|
Amount
|
particulars
|
Amount
|
|
To Discount allowed
|
100
|
By Gross Profit
|
133671
|
|
To rent
|
2800
|
|
|
|
To Electricity
|
1100
|
|
|
|
To telephone
|
320
|
|
|
|
To Provision for doubtful debts
|
715.68
|
|
|
|
To Bad debt expense
|
250
|
|
|
|
To depreciation
|
|
|
|
Shop fitting
|
5460
|
|
|
|
Motor vehicle
|
6000
|
|
|
|
To advertising
|
3500
|
|
|
|
To GST Paid
|
4300
|
|
|
|
To net Profit
|
109125.3
|
|
|
|
133671
|
|
133671
|
|
Liabilities
|
Amount
|
Particulars Assets
|
|
|
Capital
|
60000
|
Bank
|
60162
|
60162
|
|
Add: Profit
|
109125.3
|
Inventory
|
81030
|
81030
|
|
Retained Profit
|
81735
|
Accounts receivable
|
13856
|
13856
|
|
GST collection
|
8500
|
Less: Provision for doubtful debt
|
715.68
|
13140.32
|
|
Loan
|
32000
|
Shop fitting
|
54540
|
|
|
Accounts payable
|
4420
|
Less: Accumulated depreciation
|
15925
|
38615
|
|
Creditor Control
|
14000
|
Motor vehicle
|
29000
|
|
|
|
Less: Accumulated depreciation
|
17000
|
12000
|
|
|
Debtor Control
|
9000
|
9000
|
|
|
Balance
|
|
81977
|
|
309780.3
|
|
|
309780.3
|
HIRE PROFESSIONAL WRITER FROM EXPERTSMINDS.COM AND GET BEST QUALITY BFA507 THE ACCOUNTING FRAMEWORK ASSIGNMENT HELP AND HOMEWORK WRITING SERVICES!
PART B INERPRETATIVE QUESTIONS
a) What does the information in the financial reports tell us about a company? What does the information in the reports you have prepared for Borderline Ltd tell us about this company?
Solution
a) Financial performance of Borderline Ltd
The financial performance of Borderline Ltd Company reflects in the financial statements prepared by an entity to its net profit or financial position for the year 2018. The income statement of this company shows two different account statements including trading account and the profit and loss account. The trading stock account will in determining the gross; profit ad another account that is profit and loss account will help in estimating the profit. The net profit of this company is $109125.3 which shows all the efforts of an entity in achieving this income by deducting all the expenses out of their revenues and the sales. The positional statement depicts the stable position of an entity as the liability incurred in an entity is manageable by an entity by utilizing all of its assets.
b) What is the difference between a pre and post adjusting/closing trial balance? Why would you want to prepare both?
Solution:
b) State the difference between pre and post-trial balance
The basic difference among the pre and the post-closing trial balance is that the pre-trial balance will prepare by considering the opening account balances of all the accounts mentioned in the trial balance. On the contrary to this, the post-closing balance will consist of the closing account details of all the accounts. The post-closing balance will show that all the accounts in the books of accounts of an entity are closed by preparing the closing entries in the journal entries. In the current case, the post-closing trial balance prepares by an entity to include all the accounts which are closed for the current financial year. Explain the purpose of both adjusting and closing entries providing an example(s)for Borderline Ltd of both.
c) What is the purpose of preparing a bank reconciliation? What information did you discover about this company by preparing a bank reconciliation?
c) Describe the intention of both adjusting and closing entries
The intention of the adjusting entries is to make certain adjustments in the books of accounts, the same will utilizes in the preparation of the financial statements such as income statement and the balance sheet. Any adjustments made in the books of account of an entity after the closure of the books of accounts that it is a time period after the preparation of the financial statements. This additional information about the financial statements of an entity will adjust by preparing to adjust entries and the account will get close by making closing entries and finalizing the account balances by determining the carry forward balances.
d) What is the purpose of preparing a bank reconciliation? What information did you discover about this company by preparing a bank reconciliation?
d) Explain the purpose of bank reconciliation and its features
The purpose of the bank reconciliation statement is an entity is to compare the cash balance in the accounting books and the cash balances in the passbook to determine the gaps lies in the same. The Differences occurred in the bank reconciliation incurs such as outstanding deposits, deposits in the transit, cheque dishonour, errors and omissions and bank charges. In this way, an entity will keep a close watch on the balances of the passbook and the cash book to any discrepancies in an entity.
ORDER NEW BFA507 THE ACCOUNTING FRAMEWORK ASSIGNMENT AT NOMINAL PRICE!
PART C SHORT ESSAY
Question:
1. WHAT ENVIRONMENTAL CONCERNS MAY NEED TO BE ADDRESSED
2. HOW THESE CONCERNS MIGHT BE ADDRESSED
3. WHAT MIGHT BE THE FINANCIAL IMPACT OF THESE DECISIONS
4. WHY YOU BELIEVE IT IS IMPORTANT TO ADDRESS THESE CONCERNS
Solution:
INTRODUCTION
This anessay is about two entities who are environmentalists having a lot of experience in this field. They intend to use their knowledge in improving the internal as well as external environment of the borderline Ltd Company. These two environmental ists also hold 52% shareholding in the borderline Ltd enterprise.
Environmental concerns need to address
There are some of the environmental concerns which an entity needs to address to smoothly operating its business in a great flow are mention as below:
• Eco-friendly building materials
• No-Harmful technologies
• Seeking NPC from residential
Ways to overcome these concerns
Green technologies and eco-friendly construction practices need to adopt by an entity to overcome all of these problems mentioned above. The green technology such as solar panels system and the natural constituent is to be used in the building material which helps in ensuring the safety of the employees.
The financial impact of the decisions
Introducing green technologies will directly affect the financial performance of an entity as green technologies as this is very expensive but the durability of the material is higher.
Significance of these concerns
All this environmental concern is very important for an entity in getting rid of all the issues and the problems to increase the performance of an entity in the particular financial year.
CONCLUSION
It is summarizing from the above assignment that the risk of environment sustainability will get maintain by borderline Ltd by introducing the green technologies.
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