Task1 1.1) Burberry Group plc. Introduction: Burberry is the British luxury fashion house, they deals in fashion accessories, clothes and fragrances. Its unique tartan pattern has perplex one of its most extensively copied trademark. Burberry is famous for its trench coats which was designed by founder Thomas Burberry. Prime entries includes following books of account * sales solar twenty-four hour period book * Purchase day book * Sales return day book * Purchase return day book * General journal * Cash book Books of rush entries act as the speed entry step: instead of trying to remember which accounts to debit and which to credit ,it includes each and every(prenominal) transaction in the worldwide journal. Burberry group plc. use general to note companies business accounts, it includes the central book system in which every transection flaws through it. These records remain as a permanent wave source of the history of all financial transactions since day one of the life of the company. The two main financial authorised papers of any company are their balance flat solid and the profit and loss report, and both of these are strained instantly from the companys general ledger. Sample General ledger page Date| Account| Debit| Credit|  |  |  |  |  |  |  |  |  |  |  |  | Burberry group plc. uses some(prenominal) of the worlds best practices in actions, business manners and marketing and has hunted the best scales for management, manufacturing excellence, operating practices, training, branding and customer and sell value. Task1.
2) Fundamental accounting concepts: Fundamental rules in accounting bear the basis in preparing, presenting and construing general-purpose financial statements. These rules are held line up when accountants prepare... If you want to get a full essay, order it on our website:
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