Hi, In the last year's accounts, the director loaned the company around £9000 which was put in the Creditors amounts due within 12 months part of the end of year accounts. The next full year saw no change to this amount. So I again put it in the creds within 12 months bit. However, the profit and loss accou...
Hi everyone, I'm a new member for this forum. I have an uni exam for 'financial accounting' in two days, and I'm experiencing some problems solving questions from the past paper. And the worse thing is my professor didn't give us correct answers for the paper and he's on vacation right now. So I came ac...
In short, Is it possible to start entering invoices into sage instant accounts without the closing/ opening balances from year end? Reason why is I have been handed a job doing the books for a local business, my first position in accounts as I'm studying with CIMA. So now I'm in at the deep end, and need...