Accounting Principles
- Created by: izzyanderson123
- Created on: 17-06-19 08:55
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- Accounting Principles
- Users of Accounts
- Owners/shareholders - work out the level of return they receive in their investment
- Suppliers - work out if they're getting paid
- Banks - good credit risk
- Staff - bonuses, pay rises
- Customers - still trading
- Books of Prime Entry
- Cash receipts book - record cash sales
- Cash payments book - record cash going out the business
- Sales day book - giving time to pay back
- Purchases day book - credit purchases recorded
- Users of Accounts
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