Each student has to propose to start a Private Limited Company and Run its operations. Make forecasted
Question:
Each student has to propose to start a Private Limited Company and Run its operations.
Make forecasted general journal, ledger, trial balance and financial statements for the first month.
PROJECT QUESTIONS
Develop a business proposal with a forecasted accounting record and financial statement for the first month.
What is the importance for you to start this company?. What is the passion / reason to go into your specific business?
What are the options available to you for financing and which one did you choose and which bank for your transactions?
What were the conditions or lending criteria for your choice of loan/ financing? And how did you meet them?
How will you register your company with SECP? And how do you meet their company incorporations requirements?
What is the procedure and what is the documentation that you will be submitting at SECP?
How SECP will be regulating and keeping an eye on your business? During the course of your company operations, what are the forms and regular requirements to be submitted to SECP?
What were your company’s investment, financing and asset management decisions?
What is the goal of your firm?
What will be the type of taxes your company will be paying and at what rate?
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren