Assume that you have opened a sole proprietorship business in Bangladesh that started functioning from January...

 

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Assume that you have opened a sole proprietorship business in Bangladesh that started functioning from January 1, 2021. Your accounting period is six months, that means you prepare the financial statements of your business in every six month's intervals. a. Mention Your business name, location and describe its function within two-three lines. b. Mention at least 5-6 hypothetical transactions with amount that took place during the first accounting period of your business. c. Write down the journal, ledger and Trial Balance of your hypothetical business transactions. d. Mention at least 4-5 adjustments on 30 June, 2021. e. Show the adjusting entries and prepare the adjusted Trial balance thereon. Assume that you have opened a sole proprietorship business in Bangladesh that started functioning from January 1, 2021. Your accounting period is six months, that means you prepare the financial statements of your business in every six month's intervals. a. Mention Your business name, location and describe its function within two-three lines. b. Mention at least 5-6 hypothetical transactions with amount that took place during the first accounting period of your business. c. Write down the journal, ledger and Trial Balance of your hypothetical business transactions. d. Mention at least 4-5 adjustments on 30 June, 2021. e. Show the adjusting entries and prepare the adjusted Trial balance thereon.

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A Part Business Name Location Function B Part Transactions during the period of 112021 to 3062021 On ... View the full answer