Business Accounting Concepts: Analysis and Calculation

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By student name
Professor
University
Date: 25 April 2018.
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Contents
Introduction.................................................................................................................................................3
Analysis and Calculation.............................................................................................................................4
Discussion....................................................................................................................................................9
Trial Balance............................................................................................................................................9
Adjustment Journal Entries.....................................................................................................................9
Adjusted Trial balance...........................................................................................................................10
Closing Journal Entries...........................................................................................................................10
References.................................................................................................................................................11
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Introduction
A report has been prepared on the business accounting concepts. The unadjusted Trial Balance
of the company has been given along with the sheet showing the various adjustments. The
journal entries have been passed based on the adjustment given and the adjusted trial balance
has been prepared (Dumay & Baard, 2017). Post this the income statement has been prepared
and the closing entries have been passed in the journal books. Finally the balance sheet and the
statement of changes in equity was also being plotted. Post the analysis section, the theoretical
question on the need of financial statements and why the same is being prepared has been
done.
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