Bachelor of Business Report 2022

Running head: BACHELOR OF BUSINESS
Bachelor of Business
Name of the Student:
Name of the University:
Author’s Note

1
BACHELOR OF BUSINESS
Table of Contents
1. Trial Balance:...............................................................................................................................2
2. Journal Report 30th September:....................................................................................................3
3. Profit and Loss report 1st September 2019 to 30th September 2019:............................................8
4. Balance Sheet Report 30th September:.........................................................................................9
5. Analysing the financial performance factors:............................................................................11
References:....................................................................................................................................15

2
BACHELOR OF BUSINESS
1. Trial Balance:
Trial Balance
19250946 Jaisimran Singh
As at 29 September 2019
Account Debit Credit YTD Debit YTD
Credit
Revenue
Sales revenue (200) $4,14,719.
78
$9,36,618.8
8
Expenses
Bank Fees (404) $7.00 $7.00
Cost of Goods Sold (310) $2,08,764.
51
$2,08,764.5
1
Fire Insurance expense (433) $0.00 $3,000.00
Freight & Courier (425) $230.00 $230.00
Interest expense – 8% annually (437) $0.00 $784.03
Motor Vehicle Expenses (449) $700.00 $700.00
Salaries expense (477) $0.00 $25,000.00
Telecommunication expense (489) $0.00 $680.00
Warehouse rent expense (469) $0.00 $2,200.00
Warranty claims expense (401) $3,850.00 $3,850.00
Assets
Accounts Receivable (610) $99,464.55 $6,73,553.5
5
Accumulated Depreciation – Delivery
Van (741) $0.00 $8,400.00
Accumulated Depreciation – Store
building (731) $0.00 $62,500.00
Allowance for Doubtful Debts – 10%
(602) $0.00 $52,189.91
Cash at bank (600) $3,22,999.
93
$4,06,241.4
3
Computer Equipment (720) $2,500.00 $2,500.00
Delivery Van (740) $0.00 $40,000.00
Higher interest-bearing account (605) $50,000.00 $50,000.00
Inventory (630) $1,71,460.
23
$4,91,439.9
7
Plastic welding machinery (710) $46,750.00 $46,750.00
Prepaid Fire insurance (601) $0.00 $15,000.00
Prepaid miscellaneous office supplies
(604) $680.00 $680.00
Prepaid online advertisements (607) $7,236.00 $7,236.00
Prepaid product liability insurance
policy (603) $5,200.00 $5,200.00
Store Building (730) $0.00 $3,50,000.0

3
BACHELOR OF BUSINESS
0
Liabilities
Accounts Payable (800) $20,001.20 $3,72,561.2
0
Apache Petrol businesses debit card (808) $777.70 $777.70
GST (820) $36,335.08 $62,536.57
Loan payable – Building Head Office (900) $0.00 $58,802.44
Northern Bank on a short-term loan (805) $52,000.00 $52,000.00
Provision for warranty – 5% (803) $0.00 $26,094.96
Unearned delivery revenue (802) $0.00 $24,800.00
Unearned repair revenue (807) $34,800.00 $34,800.00
Unearned subscription revenue (806) $18,288.00 $18,288.00
Equity
Capital (970) $0.00 $7,48,519.9
7
Total $7,48,381.
99
$7,48,381.
99
$23,96,353.
06
$23,96,353.
06
2. Journal Report 30th September:
Journal Report
19250946 Jaisimran Singh
From 30 Sep 2019 to 30 Sep 2019
ID 165 Insurance expense, Fire insurance (Manual Journal: Posted by Jaisimran Singh on
12 Oct 2019)
30 Sep
2019
Account Debit Credit
Fire Insurance expense (433) $1,500.00
Prepaid Fire insurance (601) $1,500.00
$1,500.00 $1,500.00
ID 164 Telecommunication accrued for September (Manual Journal: Posted by Jaisimran
Singh on 12 Oct 2019)
30 Sep
2019
Account Debit Credit
Telecommunication expense (489) $340.00
Telecommunication payable (811) $340.00
$340.00 $340.00
ID 163 40% of deliveries are performed during September (Manual Journal: Posted by
Jaisimran Singh on 12 Oct 2019)
30 Sep
2019
Account Debit Credit