What are the advantages and disadvantages?

User Generated

qhecnz

Business Finance

Description

  • Explain the major advantages of a business owner with minimal accounting experience maintaining the company's book. Then explain the disadvantages.
  • Analyze the major impact to the users of accounting statements if the statements are prepared in error.
  • Provide support for your position.

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Explanation & Answer

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Accounting
Institutional Affiliation
Name
Date
Accounting is a very important part of every business and should therefore be handled with care.
There are advantages and disadvantages of a business owner who has minimal accounting
knowledge managing the books. There are a lot of fraudulent activities that are involved in
accounting and one of the major advantages of the owner handling the books is that there will be
no...


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