Evaluate your ability to classify financial issues affecting

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Reference no: EM132280818

Competency

This exercise will evaluate your ability to classify financial issues affecting businesses and demonstrate their use in creating financial documents.

Instructions

You are in the process of analyzing the financial status of your business. You need to demonstrate to investors that you have a viable business with the ability to be profitable. You decide to create a Balance Sheet and Income Statement to give investors a view of the financial health of your business. Using the templates and accounts, create the Balance Sheet and Income Statement that you will show your investors. See a sample of the documents here.

From the list of accounts, classify the assets and place them in the appropriate section on the Balance Sheet.

From the list of accounts, classify the liabilities and place them in the appropriate section on the Balance Sheet.

From the list of accounts, classify the revenue accounts and place them in the correct section of the Income Statement

From the list of accounts, classify the expense accounts and place them in the correct section of the Income Statement.

Write a paragraph to your investors explaining the relevance of the information provided by the Balance Sheet that would indicate that your business would be a worthwhile investment.

Write a paragraph to your investors explaining the relevance of the information provided by the Income Statement that would indicate that your business would be a worthwhile investment.

Attachment:- Financial Statement Assignment.rar

Reference no: EM132280818

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