ACC100 Introduction To Accounting Assignment

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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

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