Wgu T2 Task 1

Page of Contents
Introduction ………………………………………………… 02
TASK 01 ………………………………………………... 03 – 22
T1.1 ………………………………………………... 03 - 11
T1.2 ………………………………………………… 12 -22

TASK 02 ………………………………………………… 23 - 36
T2.1 ………………………………………………… 23 - 27
T2.2 …………………………………………………. 28 - 31
T2.3 …………………………………………………. 32 - 36

TASK 03 ......................................................................... 37 - 47
T3.1 …………………………………………………. 37 - 43
T3.2 …………………………………………………. 44 - 47

TASK 04 ………………………………………………….. 48 - 61
T4.1 ………………………………………………….. 48 – 56
T4.2 ………………………………………………….. 57 - 61

Reference ………………………………………………….. 62

Introduction
Accounting is an information system that identifies records and communicates
Financial accounting gathers and summarizes financial data to prepare financial reports such as balance sheet and income statement for the organization 's management, investors, lenders, suppliers, tax authorities, and other stakeholders. Managerial accounting is concerned with the use of economic and financial information to plan and control many of the activities of the entity and to support the management decision-making process
In regarding of this Assessment is based on the financial accounting. So management accounting concepts and principles are not relevant for on this
170 per annual on a policy expiring on 30th June 2009
Insurance Premium Account Prepaid Insurance Account
B/F 170 SOCI 85 Insurance 85 C/F