Accounts: Ratio Analysis and Financial Analysis

Running head: ACCOUNTS
Accounts
Name of the Student:
Name of the University:
Author’s Note:

1ACCOUNTS
Table of Contents
Part A...............................................................................................................................................2
Requirement A.............................................................................................................................2
Requirement B.............................................................................................................................4
Requirement C.............................................................................................................................7
Requirement D.............................................................................................................................8
Requirement E.............................................................................................................................9
Part B.............................................................................................................................................10
Part C.............................................................................................................................................11
Bibliography..................................................................................................................................14

2ACCOUNTS
Part A
Requirement A
In the Books of Mel
Journal Entries
For the month of September 2019
Date Particulars
Debit
amount
Credit
amount
9/1/2019 Bank Account........................................Dr
£
5,000
Cash Account........................................Dr
£
900
To Capital Account
£
5,900
(Start of business with deposits in bank and
cash)
9/2/2019 Purchase Account.................................Dr
£
900
To Accounts Payable- Bill Account
£
900
(Purchase of goods on account from Bill)
9/3/2019 Furniture Account...................Dr
£
600
To Bank Account
£
600
(Cheque used for buying furniture)
9/5/2019 Cash Account.......................................Dr
£
1,100
To Sales Account
£
1,100
(Cash obtained from sale of goods)
9/6/2019 Purchase Account.................................Dr
£
400
To Cash Account
£
400
(Cash used for buying goods)

3ACCOUNTS
9/10/201
9 Rent Expense Account..........................Dr
£
400
To Cash Account
£
400
(Cash incurred for rent payment)
9/12/201
9 Stationery Expense Account..................Dr
£
200
To Bank Account
£
200
Cheque used for buying stationery)
9/18/201
9 Accounts Payable-Bill Account.............Dr
£
500
To Bank Account
£
500
(Previous due of Bill settled)
9/21/201
9 Purchase Account................................Dr
£
100
To Accounts Payable- Bill Account
£
100
(Purchase of goods on account from Bill)
9/23/201
9 Accounts Receivable- Till Account.......Dr
£
400
To Sales Account
£
400
(Sale of goods on account to Till)
9/23/201
9 Cash Account.......................................Dr
£
1,000
Accounts Receivable-Rob Account......Dr
£
500
To Sales Account
£
1,500
(Sale of goods partially by cash and partially
on account)
9/24/201
9 Vehicle Account...................................Dr
£
1,500
To Bank Account
£
1,500
(Cheque used for buying car)