ACCOUNTING ASSUMPTION PAGE WHAT IS IT ALL ABOUT???

Lack of Information Data

In our UBS project, we face a lot of problem when we start the project such as transaction, ledger and more. Few data for our UBS project are not available for the business conducted by the enterprise. For example, the enterprise does not have the data of toll receipts and fuel receipts. This is all conducted by the owner own self and been recorded without proper documents. Other than that, the companies all transaction is in cash basis and there are no creditors as long they do not involve any credit sales. So, there are no account parables in this enterprise’s file. We are facing of shortage of documents where the company had lost its documents such as electricity expenses. Assumption figure of the electricity bills are taken based on the assumption given by the owner. So far, we only received 3 months data because the owner was so busy and we could not approach him as easily because he always went to outstation. Our dateline for pass up our project is just around the corner and we have to rush according to the time and try our very best to get the remaining documents as we can start our project as soon as possible.

example data not available 

example data which we needed