Accounting: Recording Transactions, Ledgers, Income Statement, Balance Sheet, and Ratios

This report covers the recording of transactions in the journal, posting in respective ledgers, constructing the income statement, providing details of the balance sheet, and determining accounting ratios for Anne's business. It also explains drawings and the impact of Covid19 on profits. The report concludes that recording business transactions is important for every enterprise to gain financial information and make decisions based on previous performance.