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Pages:
1 page/≈275 words
Sources:
Level:
APA
Subject:
Accounting, Finance, SPSS
Type:
Math Problem
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.68
Topic:
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
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
lefttop
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