Where these is a difference between invoices and payment, we usually do a nominal journal: Credit bank account / Debit Currency var or bank charges
Surely you don't need to be told that this is illegal
Industry is working for one company as an internal accountant and practice is working at a firm of accountants for external clients.
Depending on which way you want to go, you may choose different options. For instance, CIMA may be an option you want to pursue if you were to enter industry.
However, regardless of which option you choose, nothing is more valuable then hands on experience
Are you thinking of working in practice or industry?
We had this one
Looks like a study question in a dress
What work does he do for the US company?
In this situation they want to know if a deadline has been exceeded, therefore:
If today’s date is greater than deadline, highlight
This could be adjusted for earlier warning with a now()-1 or -2 etc