Question

Your friend lima recently started a business in dhaka.she prepared her first year of financial reports and realized that despite attracting many customers her cash slow and profitability position in week. She has recorded all her fixed assets in fair value. the fixed assets have been depreciated using the straight line method. She has also capitalized the research and development cost in her balance sheet. she has recognized all sales from services when she received orders from her customers.
Requirement: using appreciate accounting standard knowledge to provide suggestion to Lima on how to resolve the above issues in appreciate manner

Answer 1

Answer:

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