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The following improvements/omissions/corrections have been found so far:
| Accounting Makes Cents – 7th Revised Edition 2011 (Text Book) | |||
|---|---|---|---|
| Page | Position | Entry | Improvement |
| Preface | Top ⅓ | I my opinion ... | In my opinion ... |
| About author | Middle | H also ... | He also ... |
| 33 | Bottom | Equity decreases O | Equity decreases O– |
| 57 | Top | Profit and los | Profit and loss |
| 80 & 92 | 23 | ,subject to 20% trade discount and no settle.. | subject to 20% settle.. |
| 101 & 105 | Top/Bottom | (JV7) x2 | (JV4) x2 |
| 109 | Top | Property, plant and equipment | Property, plant and equipment 210 000 |
| 234 | Top ⅓ | (RHS) 105 000 | Jan 1 Balance b/d 105 000 |
| 485 | Middle | Goods-fm-head | Goods-fm-head office |
| Accounting Makes Cents – Tutorials Volume 2 (Tutorial Book) | |||
|---|---|---|---|
| Page | Position | Entry | Improvement |
| 12 | Q 4-12 | SA Revenue Service VAT owing 850 | SA Revenue Service VAT owing 1 150 |
| 77 | Q 10-24 | 17 at R20 | 15 at R20 |
| Accounting Makes Cents – Tutorials Volume 2 (Solutions) | |||
|---|---|---|---|
| Page | Position | Entry | Improvement |
| 5 | 4-12 | (600 + 300) | Ignore |
| Accrued expenses: Interest on loan 300 | Ignore | ||
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Now in its 14th year of publication, Accounting Makes Cents! (7th Revised Edition) has been revised to recognise the changes to the new Companies Act introduced in 2011.
The main area of change to the Companies Act is that par value shares will be abolished.