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1 page/≈275 words
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Level:
APA
Subject:
Accounting, Finance, SPSS
Type:
Math Problem
Language:
English (U.S.)
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# Introduction to Accounting (Math Problem Sample)

Instructions:

A friend of yours, a self-employed accountant, has asked you to assist him in preparing a set of accounts from one of his clients account records.
Using the following information, you are required to complete the following tasks for the year ending 30th November 2013:-
• Open up a set of ledger accounts starting from last year’s Balance Sheet information
• Post the year’s transactions to the appropriate ledger
• Account for any transactions that may not be complete at the year end
• Balance the ledger accounts
• Prepare a Trial Balance
• Prepare a Trading/Profit and Loss Account
• Prepare a Balance Sheet
• Prepare a cash flow statement for the year just ended
• Offer up a commentary as to how you think the Business has performed over the year

source..
Content:

Introduction to Accounting
Name
Course
Institution
Date
Part A
Brian's Accounts
ASSETS=LIABILITIES + OWNER'S EQUITY
a.\$10,000(cash)=\$0+\$10,000
b.\$9,400+600=\$0+\$10,000
c.\$10,300=\$300+\$10,000
d.\$10,100=\$100+\$10,000
Part B LINK Excel.Sheet.12 "Book1" "Sheet1!R1C1:R11C3" \a \f 5 \h \* MERGEFORMAT
Benson Company
trial balance for the month ended June 30, 20xx

Details

Dr

Cr

Cash

\$1,370

Accounts Payables

\$770

Office equipment

\$900

Benson Capital

\$1,500

Benson Withdrawal

\$500

Accounts Receivables

\$1,600

Service fees

\$2,730

salaries expenses

\$630

\$5,000

\$5,000

Part C
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