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ACCT10002 Introductory Financial Accounting - The University of Melbourne
Xero Practice Set
Background Information
Michael Brown decided to leave his employment and start his own business in providing catering supplies to food outlets. He had worked in the industry for a number of years and had established a wide range of contacts both as suppliers of catering needs and customers who required catering supplies. He plans to start small and only trade in a few products at first. THE BUSINESS IS NOT REGISTERED FOR GST, accordingly, there is no requirement to account for or include GST in any transaction.
You're required to input the relevant transactions and adjustments for the first two months of MBB Catering Services Pty. Ltd into Xero, and produce two financial statements, which are• Statement of Financial Performance (with two comparative columns, one column for the period ended 31 Jan, and the other one for 29 February).• Statement of Financial Position as at 29 February 2020.
Attachment:- Xero Practice Set.rar
Financial Statement Analysis and Preparation
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