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Slavko Mitrovic is one of the owners of Salami 4 U, a small business that
manufactures and sells organic
salami and other small goods. Slavko also manages the
business on a part-time basis, sharing the responsibilities with the other partners. Using
the business cheque book by accident, Slavko recently purchased a car for his beautiful
wife Natasha Mitrovic as a birthday present. Natasha is a sales representative for a large
computer company and will be using the car in her job. Based on the cheque butt, the
accountant recorded the transaction in the accounts of Salami 4 U as follows.
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