Principles of Accounts S.B.A.
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Form: 5A
Table of Contents
Accounting Cycle 1
Table of Contents 2 Aims 3 Acknowledgements 4 Introduction 5 1} Transactions 6 2} Source Documents 9 Journals: 3} Purchases & Sales Journal 13 4} Return Inwards & Return Outwards Journal 15 5} The Journal 17 6} Cash Book 19 Ledgers: 7} Purchases & Sales Ledger 21 8} General Ledger 22 9} Trial Balance 23 10} Trading, Profit & Loss 25 11} Balance Sheet 27 Accounting Cycle 2 29 12} Trading, Profit & Loss 30 13} Balance Sheet 32 14} Statement of Performance 34 15} Ratios, Interpretation, Analysis & Comparison 35 16} Suggestions/Recommendations 43 17} Conclusion 45 18} Bibliography 47
Aims
This Principle of Accounts S.B.A. will allow me to achieve many general goals in life and I aim to get a better understanding of accounting. This would increase my understanding with the accounting procedures used to manage a business. For the business, my two main aims would be: * To guide and assist this business to be financially controlled. * To increase on my understanding of accounting principles, techniques and procedures.
Acknowledgements
In completing this S.B.A, I would firstly like to thank the Almighty God for blessing me and giving me the ability to complete this project. Secondly, I’d like to thank my parents, both Mom and Dad, for providing me with all that was needed and my P.O.A. teacher, Mrs. Deosaran–Pulchan, for guiding me throughout this whole project.
Introduction
In this project, the simulated Sole trading business of Marcus Lopez was accounted for during the periods of September 2011 and September 2012. M. Lopez had a clothing store where he was the manager of the business. The business is located at #347 Main Road, Couva and
Bibliography: * Frank Wood & Sheila Robinson Principles of Accounts for the Caribbean, Fourth Edition Malaysia: Pearson Education Limited, 2000.