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 do 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 * gross sales daylight book * Purchase day book * Sales return day book * Purchase return day book * General journal * Cash book Books of primal entries act as the speed entry step: alternatively of trying to remember which accounts to debit and which to credit ,it includes each and every(prenominal) transaction in the global 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 perm source of the history of all financial transactions since day one of the life of the company. The two main financial prescribed papers of any company are their balance rag and the profit and loss report, and both of these are strained straightaway from the companys general ledger. Sample General ledger page Date| Account| Debit| Credit|  |  |  |  |  |  |  |  |  |  |  |  | Burberry group plc. uses almost 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 depict the basis in preparing, presenting and construing general-purpose financial statements. These rules are held neat when accountants prepare... If you want to get a full essay, order it on our website:
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