ACC100 Introduction To Accounting Assignment

Reference no: EM132553187

ACC100 Introduction To Accounting Assignment - King's Own Institute, Australia

Instructions - You are required to prepare a special-purpose financial report for a start-up company. You may use the financial template provided in this paper, or you can use any format of financial report.

Basic information -

Business structure: Australian proprietary company

Business Industry: Computer Warehouse

Start date: 1 June 2020

Ignore GST and Income tax

Use your own amounts (the amount should be multiples of $100 and the maximum of $50,000)

The business uses a periodic inventory system to account for inventory. As at 30 June 2020, 50% of the total available stock for sale remained on hand

Details of financial report -

1. Chart of accounts of the business- Given.

2. Transactions for the month of June 2020- Given.

3. Journal Entries for the month of June 2020.

4. General Ledger (use three-column format).

5. Accounting Worksheet.

6. Prepare the financial statements for FY 2020 (P&L, Changes in equity and B/S).

7. Describe the reason(s) you chose a company business structure.

Attachment:- Introduction To Accounting Assignment File.rar

Reference no: EM132553187

Questions Cloud

Evaluate the operating income is : If the contribution margin ratio for France Company is 45%, sales are $425,000, and fixed costs are $100,000, the operating income is

Explain the role that phospholids play in a cell membrane : Explain the role that phospholids play in a cell membrane. Why are they important?

What does the term adaption mean in biology : What does the term adaption mean in biology, and what is a specific example?

When the activity level increases within relevant range : Which costs does not change in total when the activity level increases or decreases within the relevant range? Which of the following is a product cost?

ACC100 Introduction To Accounting Assignment : ACC100 Introduction To Accounting Assignment Help and Solution - King's Own Institute, Australia - Assessment Writing Service

What the desired ending finished goods inventory : When preparing a production budget, the desired ending finished goods inventory for the first period is? Which costs would not be included

Would cori have to wait until august to buy locally grown : Would Cori have to wait until August to buy locally grown corn in North Carolina? How about a person living in Central or South Texas?

Percentage of grass species using the c4 photosynthetic : Some grass species use the C3 photosynthetic pathway and other grass species use the C4 photosynthetic pathway. As you move from North Dakota to Texas

Other factors affecting photosynthetic rates : If all other factors affecting photosynthetic rates were equal and atmospheric CO2 concentrations were the main factor affecting photosynthetic rates

User Account

All Pages