Leak-Stoppers LLC”

Leak-Stoppers LLC” Required: 1. Draw up the following financial statements for “Leak-Stoppers LLC”. a) Income statement for the year ended 31 December 2013, and b) Balance sheet as at that date. 2. Write a report to accompany the financial statements, addressed to Mr Mansoor explaining your application and treatment of the following accounting aspects; a) economic entity concept, b) going concern concept – with regard to acquiring the lease, c) accrual concept – with regard to the recognition of expenses and revenues, d) matching concept with regard to accounting for non-current assets, e) prudence (conservatism) concept with regard to doubtful debts, f) a comment on his business’s performance (from the Income statement), g) a comment on his business’s financial standing, from the Balance Sheet) PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET AN AMAZING DISCOUNT :)