Assume your business is Hola Beauty (Cosmetic Product Business). You should create about 20-25 business transactions....

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Assume your business is Hola Beauty (Cosmetic Product Business). You should create about 20-25 business transactions. The business transactions should include at least: . . . . . . . . . . . . . Contribution of capital by the owner of the business 3 credit purchases 1 cash purchase 3 credit sales 1 cash sale 2 purchases of non-current assets 2 payments to suppliers 2 payments by receivables 1 transaction on payment of expenses 1 transaction on revenue received. 1 transaction on non-current liability 2 Drawings (goods and cash) by the owner For merchandising business: • 1 transaction on sales return. • 1 transaction on purchases return After creating business transactions, create: 1. Specialised journals (General Journal, Cash Reciept Journal, Cash Payment Journal, Sales Journal, Purchase Journal, Return outward Journal, Return Inward Journal) 2. Subsidiary ledgers account 3. Trial Balance as at that date. Assume your business is Hola Beauty (Cosmetic Product Business). You should create about 20-25 business transactions. The business transactions should include at least: . . . . . . . . . . . . . Contribution of capital by the owner of the business 3 credit purchases 1 cash purchase 3 credit sales 1 cash sale 2 purchases of non-current assets 2 payments to suppliers 2 payments by receivables 1 transaction on payment of expenses 1 transaction on revenue received. 1 transaction on non-current liability 2 Drawings (goods and cash) by the owner For merchandising business: • 1 transaction on sales return. • 1 transaction on purchases return After creating business transactions, create: 1. Specialised journals (General Journal, Cash Reciept Journal, Cash Payment Journal, Sales Journal, Purchase Journal, Return outward Journal, Return Inward Journal) 2. Subsidiary ledgers account 3. Trial Balance as at that date.

Answer rating: 100% (QA)

Creating 2025 business transactions for Hola Beauty a cosmetic product business and generating the requested journals subsidiary ledger accounts and trial balance Business Transactions The owner inves... View the full answer