Principles of Accounts

Only available on StudyMode
  • Topic: 1981, 1970, 1986
  • Pages : 17 (2751 words )
  • Download(s) : 58
  • Published : February 27, 2013
Open Document
Text Preview
Chairs N More
Table of Contents

Acknowledgements………………………………………………………………………………………………………………………..3 Aim of Study…………………………………………………………………………………………………………………………………...4 Introduction…………………………………………………………………………………………………………………………………….5 Chapter 1…………………………………………………………………………………………………………………………………………6 Transactions-Sept……………………………………………………………………………………………………………………………7 Cash Book………………………………………………………………………………………………………………………………………..8 Sales Journal…………………………………………………………………………………………………………………………………….9 Purchases journal…………………………………………………………………………………………………………………………….10 Sales ledger………………………………………………………………………………………………………………………………………11 Purchases ledger…………………………………………………………………………………………………………………………….12 General Ledger………………………………………………………………………………………………………………………………13-16 Trial Balance………………………………………………………………………………………………………………………………………17 FIFO Statement………………………………………………………………………………………………………………………………...18 Income Statement……………………………………………………………………………………………………………………………..19 Balance Sheet…………………………………………………………………………………………………………………………………….20 General Journal………………………………………………………………………………………………………………………………….21 Chapter II…………………………………………………………………………………………………………………………………………...22 Transactions-Oct…………………………………………………………………………………………………………………………………23 Cash Book……………………………………………………………………………………………………………………………………………24 Sales Journal………………………………………………………………………………………………………………………………………..25 Sales ledger………………………………………………………………………………………………………………………………………….26 Purchases Ledger………………………………………………………………………………………………………………………………..27 General Ledger…………………………………………………………………………………………………………………………………28-33 Trial Balance………………………………………………………………………………………………………………………………………..34 FIFO Statement……………………………………………………………………………………………………………………………………35 Income Statement………………………………………………………………………………………………………………………………36 Balance Sheet……………………………………………………………………………………………………………………………………..37 Chapter III…………………………………………………………………………………………………………………………………………..38 Ratio………………………………………………………………………………………………………………………………………………39-43 Performance of Business……………………………………………………………………………………………………………………44 Chapter IV………………………………………………………………………………………………………………………………………….45 Comments…………………………………………………………………………………………………………………………………………46 Recommendation………………………………………………………………………………………………………………………………47 Conclusion………………………………………………………………………………………………………………………………………….48 Appendix………………………………………………………………………………………………………………………………………….49-54

Acknowledgement

The successful completion of this project would not have been possible without the assistance and co-operation of a number of people. Consequently, I would like to thank my Manager (Mr Gary Wright) for is massive support and valuable time spent in assisting me and to my teacher (Mr Steve Mclean) for his Guidance and patience throughout this project.

Aim of Study
The Aim of this project is for me to arrive at a fair and concise understanding of the financial sector of the business world, to prepare the source documents necessary for the recording of transaction. Also to draw up the financial records for September and October 2012, to assess and comment on the company’s performance using appropriate analytical tools. This accounts SBA will allow me to achieve many general goals in my life, for instance the mark I will receive may serve as a perfect aid to my overall CXC grade. In addition to this the SBA alone prepares me for the actual CXC Examination.

INTRODUCTION
Olivia and Elliott were made redundant and decided to go in business as sole traders in the selling of chairs, hence the birth of “Chairs N More” This business is a simulated one. The firm is located at 3 Church Road Irish Town in St. Andrew; opening hours are Mondays to Fridays 10:00 AM...
tracking img