1. To obtain financing for her hair salon, Valcri asked you to prepar.pdf

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1. To obtain financing for her hair salon, Valcri asked you to prepare a balance sheet for her business. When she sees it, she is disappointed that the assets exclude a value for her list of loyal customers. What can you tell her to explain why this \"asset\" has been excluded? Knowing this, what should she tell her banker when they meet next weck? e Solution Part - 1 In Accounting, we keep records of financial transactions only and financial statements reflects financial position based on those transactions. Definition of assets states that assets are those resource that the company owns and it can be measured and expressed in values. Loyal customers are priceless to the business but it can\'t be measured or expressed in values. The company can\'t claim any ownership on it and it is not convertible into cash. Part 2 She should present these financial statements. It will show the performance of her business And She may present list of loyal customers as a supporting document which will indicate stability and future business of her salon..

1. To obtain financing for her hair salon, Valcri asked you to prepare a balance sheet for her
business. When she sees it, she is disappointed that the assets exclude a value for her list of loyal
customers. What can you tell her to explain why this "asset" has been excluded? Knowing this,
what should she tell her banker when they meet next weck? e
Solution
Part - 1
In Accounting, we keep records of financial transactions only and financial statements reflects
financial position based on those transactions.
Definition of assets states that assets are those resource that the company owns and it can be
measured and expressed in values.
Loyal customers are priceless to the business but it can't be measured or expressed in values.
The company can't claim any ownership on it and it is not convertible into cash.
Part 2
She should present these financial statements. It will show the performance of her business
And
She may present list of loyal customers as a supporting document which will indicate stability
and future business of her salon.

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A procedure when multiple vendors are asked to submit proposals for a supply contract or project. It helps businesses to assess offers and select the best vendor based on factors like cost, quality, and other relevant factors. In Odoo 17, the Call for Tenders feature has undergone significant improvements, making procurement process management more efficient and seamless. Accessing and managing this feature can still be done through the same interface as Blanket Orders, with the addition of creating an exclusive agreement type for Call for Tenders.

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