This Accounts SBA will allow me to achieve many general goals as well as some personal goals in my life. For instance, the mark I will receive may serve as a perfect aid to my overall C.X.C grade. In addition to this, the SBA alone prepares me for the actual CXC Examinations. In result, it simply acts as a guide for the future. Generally, I seek to provide Brand Name hats to the public. In turn, I will fully understand the accounting procedures used to manage a business. Particularly, I strive to recognize as well as understand the record keeping aspect of these procedures. I intend to do all these as making satisfactory level of profit in my business.
Description of Business
The name of the business is Fitted Enterprises. It is a sole trading business unit. Fitted Enterprises is run by the owner Sabrina Joseph. The products sold are Brand-named hats. The only brands offered are Nike, Lacoste, Adidas and Sebago. No workers are employed. Only the owner manages the business activities. From morning at 9 o’clock sharp, Fitted Enterprises opens for business. At 12 noon there is a 2 hour lunch break. Many policies have been implemented. For instance, credit is allowed. Cash is definitely the most preferred means of payment. Customers are allowed to return goods within a 30 day limit. Hats returned are to be thoroughly accessed. This assessment determines if the goods will be refunded. There are only three assets; furniture &fittings, equipment and a motor vehicle. At Fitted Enterprises, there is furniture such as the large glass-case displaying several hats and one chair for the use of the owner. In the center of the store situates a table which is also used as a display for the hats. Sonic Hat Polisher and Sonic Hat Disinfectant Spray are very expensive equipment used to maintain the hats at their best quality. Sonic Hat Polisher is a special wipe made specifically to leave the hats fresh and glossy. The Sonic Hat Disinfectant Spray is a strong...
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