Question: please help i need help solve all and true please (this is all qu nothing missing in it Contents Resources Learning Outcomes Marks Awarded Question

please help i need help

solve all and true please (this is all qu nothing missing in it

Contents

Resources

Learning Outcomes

Marks Awarded

Question No 1

Mohammed is very much interested to start a business after this Covid-19 impact. He is planning to start a Super Market. As a business student identify different forms of business and suggest him the most suitable and feasible business with its pros and cons.

Use only the books mentioned from the SHCT Library:

  • Principles of financial accounting by M. Reeve, James

  • Financial Accounting: Concepts, Analyses, Methods and Uses by Banerjee, B.K.

After the completion of this assignment the students will be able to;

  • Forms of business
  • Advantages and limitations of sole trading business
  • Advantages and limitations of partnership business
  • Advantages and limitations of Corporations
  • Analysis of transactions
  • Record the journal entries
  • Post the journal entries into ledger accounts
  • Prepare trial balance.
  • Draw up the Income statement and
  • Prepare the Balance sheet

5 Marks

Question No 2

Identify any 10 different business transactions that most likely to happen in Mohammeds Business for which you recommended in Question No 1. While identify business transactions, you are required to consider the following assumptions:

  • Started business with cash
  • Goods purchase for cash
  • Goods purchased on credit
  • Any asset purchased and paid cash
  • Any asset purchased on credit
  • Sold goods for cash
  • Sold goods on credit
  • Paid any bill
  • Paid salary to staff
  • Cash withdraw from business for personal use

Based on your own 10 transactions:

  1. Form Accounting Equation (3 Marks)
  2. Journalizing the 10 transactions (3 Marks)
  3. Post them into different Ledger (3 Marks)
  4. Prepare Trail Balance (3 Marks)
  5. Compute the Financial statement (8 Marks)

20 Marks

Total

25 Marks

this is every thing please help i need help solve all and true please (this is

Marks Awarded 5 Marks please help i need help solve all and true please (this is all qu nothing missing in it Contents Resources Learning Outcomes Question No 1 Use only the books After the completion of this Mohammed is very much interested to start a business after this Covid-19 mentioned from the assignment the students will be impact. He is planning to start a Super Market. As a business student identify SHCT Library: able to; different forms of business and suggest him the most suitable and feasible business with its pros and cons. Forms of business Question No 2 Principles of . Advantages and limitations of identify any 10 different business transactions that most likely to happen in financial sole trading business Mohammed's Business for which you recommended in Question No 1. While necounting by M Advantages and limitations of identify business transactions, you are required to consider the following Reeve, James partnership business assumptions: Advantages and limitations of Corporations Started business with cash Analysis of transactions Financial Goods purchase for cash . Record the journal entries Goods purchased on credit Accounting Post the journal entries into Concepts Any asset purchased and paid cash lodyer accounts Any asset purchased on credit Analyses. Prepare trial balance. Methods and Uses Sold gods for cash Draw up the Income statement by Banerjee, B.K. and Sold goods on credit Paid any bill Prepare the Balance sheet Paid salary to start Cash withdraw from business for personal use Based on your own 10 transactions: 1. Form Accounting Equation (3 Marks) 2. Journalizing the 10 transactions (3 Marks) 3. Post them into different Lodger (3 Marks) 4. Prepare Trail Balance (3 Mark) S. Compute the Financial statement (8 Marks) 20 Marks Total Marks

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