BUSS1030 Lecture Notes - Lecture 3: Debits And Credits, Capital Account, General Ledger
31 Jul 2018
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The us share market regulator has charged anglo-australian mining giant rio tinto and two of its former top executives with fraud for allegedly inflating the value of mozambique coal assets acquired in. 2011 for . 7 billion (. 65 billion) and sold just three years later for only million. In australia, the australian securities and investments commission is also conducting a review of the impairment of rio"s mozambique coal assets. Rio said it would update the market as required. So instead, the sec alleges, they concealed the adverse developments, allowing rio tinto to release misleading financial statements days before a series of us debt offerings. Chapter 4: recording transactions the journal and ledger accounts. Learning objective 1: provide an overview of the recording process, including the nature of business transactions, steps in the recording process, the role of the general journal and ledger accounts, through to the final accounts.
