Poa Sba
Table of Contents
Introduction
Acknowledgement
PRESENTATION
Aims/ Objectives
Description of Business
Records Used
Transactions
APPLICATION OF PRINCIPLES
Journals
Cashbook
Ledgers
Control Account
Trial Balance
Closing Journal
Income Statement: Trading and Profit & Loss A/c : Balance Sheet
CONCLUSION: SUMMARY& EVALUATION
Performance Statement
Interpretation
Comparison
Suggestions/ Recommendation
Conclusion
Bibliography
Appendix
Introduction
Accounting is the process by which financial information is categorized, summarized and interpreted to communicate a business financial position. This School-Based Assessment is based on a sole trader entrepreneur, Onai Forde, who owns and operates a business that sells goods and provides services to the public. Entries were recorded in Ledgers, Journals and the Cashbook. There was a preparation of a Trading and Profit and Loss Account and the extraction of a Balance Sheet and Trial Balance for the month.
Acknowledgement
The successful completion of this assessment would not have been possible without the assistance and co-operation from the following persons, the researcher would therefore like to thank: * The Almighty God for giving him the health, wisdom, strength, knowledge and understanding to complete this assessment. * His mom for the financial assistance * Last but not least her teacher for guiding him step by step throughout this assessment.
Thank you
Aims of the Project
The mission/aim of my project is for me to: * Arrive at a comprehensive understanding of the financial sector of the business world. * Gain first-hand knowledge of a real business and apply the accounting principles in this practical business environment, * To draw up the financial records for Forde’s Convenience Store for the year 2013 and to comment on the entity as performance using the appropriate tools of analysis.
Introduction
Acknowledgement
PRESENTATION
Aims/ Objectives
Description of Business
Records Used
Transactions
APPLICATION OF PRINCIPLES
Journals
Cashbook
Ledgers
Control Account
Trial Balance
Closing Journal
Income Statement: Trading and Profit & Loss A/c : Balance Sheet
CONCLUSION: SUMMARY& EVALUATION
Performance Statement
Interpretation
Comparison
Suggestions/ Recommendation
Conclusion
Bibliography
Appendix
Introduction
Accounting is the process by which financial information is categorized, summarized and interpreted to communicate a business financial position. This School-Based Assessment is based on a sole trader entrepreneur, Onai Forde, who owns and operates a business that sells goods and provides services to the public. Entries were recorded in Ledgers, Journals and the Cashbook. There was a preparation of a Trading and Profit and Loss Account and the extraction of a Balance Sheet and Trial Balance for the month.
Acknowledgement
The successful completion of this assessment would not have been possible without the assistance and co-operation from the following persons, the researcher would therefore like to thank: * The Almighty God for giving him the health, wisdom, strength, knowledge and understanding to complete this assessment. * His mom for the financial assistance * Last but not least her teacher for guiding him step by step throughout this assessment.
Thank you
Aims of the Project
The mission/aim of my project is for me to: * Arrive at a comprehensive understanding of the financial sector of the business world. * Gain first-hand knowledge of a real business and apply the accounting principles in this practical business environment, * To draw up the financial records for Forde’s Convenience Store for the year 2013 and to comment on the entity as performance using the appropriate tools of analysis.
Bibliography: Appendix