Referencing Styles : Harvard You are employed as a graduate accountant in a mid-tier accounting firm. One of the partners has asked you to review the following cases, where a client has violated at least one of the assumptions, concepts or definitions you studied at university. The partner has asked for a written report in your own words (using references where appropriate), to please explain: a) which concept or assumption has been violated, and; b) what the correct treatment should be. i. Carmelâ€s business has $35,000 of outstanding debtors on its books, and she is quite certain that $4,000 of this debt will prove impossible to collect. Carmel has instructed the accountant at your firm to make no adjustments to the ledger and the reports since “theyâ€re still our debts and therefore still assets of this business.†[5 marks]
s business has $35,000 of outstanding debtors on its books, and she is quite certain that $4,000 of this debt will prove impossible to collect. Carmel has instructed the accountant at your firm to make no adjustments to the ledger and the reports since “theyâ€
