Give an example of how a specific transaction is captured in the accounting information system as an input, a process and an output.Explain the importance of an audit trail in financial accounting.
Assume that the sole trader business referred to above has previously only used the same unqualified accountant to submit a tax return to the government tax office. The business owner is now considering employing a qualified accountant to perform the same service. Give two disadvantages and three advantages for such an action. b. i. Using […]