Subject category:
Finance, Accounting and Control
Published in:
1989
Length: 23 pages
Data source: Published sources
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Abstract
Nam Yick Medical Hall is a sole proprietorship with five employees located in Singapore. It is engaged in the wholesaling and retailing of Chinese medical and pharmaceutical products mainly imported from Hong Kong. Details of the firm''s accounting record-keeping system are given in the case. The main purpose of this case is to present the readers with a single-entry, cash-based accounting system. The faults of these systems are many. This case gives the accounting student a chance to identify them.
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Abstract
Nam Yick Medical Hall is a sole proprietorship with five employees located in Singapore. It is engaged in the wholesaling and retailing of Chinese medical and pharmaceutical products mainly imported from Hong Kong. Details of the firm''s accounting record-keeping system are given in the case. The main purpose of this case is to present the readers with a single-entry, cash-based accounting system. The faults of these systems are many. This case gives the accounting student a chance to identify them.
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