Question: For Financial Statements please keep the I ncome statement and the Statement of Financial Position separate. Please do it ASAP!! Really need help. Thank you:)

 For Financial Statements please keep the Income statement and the Statement

For Financial Statements please keep the Income statement and the Statement of Financial Position separate.

Please do it ASAP!! Really need help. Thank you:)

You are to create a minimum of 30 transactions for your fictitious company. The transactions shall be inputs to the company's accounting cycle up to the preparation of the financial statements. The transactions must include cash and credit sales and purchase, general ledgers activities, cash and bank transactions and others (if any). Prepare a portfolio for the accounting cycle which consist of; 1) The source documents of each transactions 2) The recording and posting of all transaction 3) Trial Balance and Adjusted Trial Balance (if any) 4) Financial Statements

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!