Task 1: Scenario: Limited companies in all sectors are legally required to prepare accounting records and financial statements for the companies

| August 14, 2017

Task 1: Scenario: Limited companies in all sectors are legally required to prepare accounting records and financial statements for the companies. It is the directors’ responsibility to ensure that company records are prepared accurately and made available for the general public. The accounting records generally provide relevant information to the stakeholders for decision making purpose. According to the Companies Act 2006, Public limited companies must keep their accounting re …

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