Why is the cash account so important in Stan’s Business? Essay

The hard currency history is so of import to Stan’s concern because it allow him to supervise the overall income and outgo generated by his concern. He needs to cognize how much he is doing and besides how much he is passing so that he can set his budget if demands be.

Why do you believe that most proprietors of the larger stores use comptrollers to make their books alternatively of making them themselves?

The proprietors of most larger stores use comptrollers to make their books because they have to manage a big volume of histories. They have a batch of employees they have to pay. besides they pay for publicity. natural stuffs. rent. public-service corporations and so on. Having an accountant do the occupation makes it a batch easier. . This is necessary for the overall growing of the concern.

Is the difference between debits and credits of import to Subway eating house proprietors who don’t do their ain books?

Debits and Creditss are two of import constructs in accounting but they differ. Recognition means the sum of money added to the caissons of the histories. this can besides intend the sum of money received. Debits on the other manus mean the sum of money that was deducted from the histories. this can besides intend the sum of money spent. The difference between debits and credits is so of import don’t do their books because they need to cognize if the history is balance or non. An imbalanced history means that there is a disagreement in the recognition and debit of the history.