accounting sba
Table of Contents
Name of Business…………………………………………………………………. 1
Aim of Project ………………………………………………………………….... 2
Description of Business ……………………………………………………… 3
Transaction ………….…….……………………………………………………………4
Accounting Cycle…………………………………………………………………….
Aim of Project
The aim of my project contains three(3) aims, they are as follows:
1. All transactions must be completed successfully.
2. The business should be one of the best businesses.
3. This project should be a success.
Acknowledgements
This full completion of my Accounting S.B.A project could not have been completely done, with the littlest of help from not many people and me. Firstly, I would like to thank my mom for helping me out with any questions I may ask to assist me with. Secondly I would like to thank god for being at my side and doing this project with great ease. Lastly, I would like to thank the one who has given me the most help throughout the project, the one who had the answers to my questions, my one and only subject teacher Ms. latimore Richards. at Simpson bay Tongue rd #32 D, which is owned and controlled by Shenishia harlem is known as sole trading enterprise business. This store sells clothing, shoes, accessories and handbags. This has been done in an accounting period of 1 year. These accounting concepts are to be done with, 1. Money measurement, this is that only transactions and events that are capable of being measured in monetary terms are recognized in the financial statements. It is used by all transactions and events recorded in the financial statements must be reduced to a unit of monetary currency. Where it is not possible to assign a reliable monetary value to a transaction or event, it shall not be recorded in the financial statements, 2. Going Concern, this is when financial statements are prepared assuming that a business entity will continue to operate in the foreseeable future without the need or intention on the part of management to liquidate the entity
Name of Business…………………………………………………………………. 1
Aim of Project ………………………………………………………………….... 2
Description of Business ……………………………………………………… 3
Transaction ………….…….……………………………………………………………4
Accounting Cycle…………………………………………………………………….
Aim of Project
The aim of my project contains three(3) aims, they are as follows:
1. All transactions must be completed successfully.
2. The business should be one of the best businesses.
3. This project should be a success.
Acknowledgements
This full completion of my Accounting S.B.A project could not have been completely done, with the littlest of help from not many people and me. Firstly, I would like to thank my mom for helping me out with any questions I may ask to assist me with. Secondly I would like to thank god for being at my side and doing this project with great ease. Lastly, I would like to thank the one who has given me the most help throughout the project, the one who had the answers to my questions, my one and only subject teacher Ms. latimore Richards. at Simpson bay Tongue rd #32 D, which is owned and controlled by Shenishia harlem is known as sole trading enterprise business. This store sells clothing, shoes, accessories and handbags. This has been done in an accounting period of 1 year. These accounting concepts are to be done with, 1. Money measurement, this is that only transactions and events that are capable of being measured in monetary terms are recognized in the financial statements. It is used by all transactions and events recorded in the financial statements must be reduced to a unit of monetary currency. Where it is not possible to assign a reliable monetary value to a transaction or event, it shall not be recorded in the financial statements, 2. Going Concern, this is when financial statements are prepared assuming that a business entity will continue to operate in the foreseeable future without the need or intention on the part of management to liquidate the entity