Budi Enterprise is a private investigation business owned by Mr. Budiman. The business is in...
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Accounting
Budi Enterprise is a private investigation business owned by Mr. Budiman. The business is in operation since the last six years, but all accounts and financial statements have been prepared by an external accounting firm. It is your responsibility as a new manager with accounting background to prepare the accounts and financial statements to reduce the businesss cost. It is normal practice for the business where some clients are pay in advance for the companys services, while other clients make payments after the services have been rendered. Advanced payments from clients are credited to the Unearned Fees account. The balances of the accounts appear in the ledger of Budi Enterprise as at 31 December 2019 are as follows
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