Table of Contents INTRODUCTION................................................................................................................................3 Task 1...................................................................................................................................................3 1.1 & 1.2 Presenting the set of transactions by preparing relevant T- accounts and Balance Sheet T- accounts.......................................................................................................................................3 2.1 Preparation of Trading A/C and Balance sheet for a business organisation..............................6 2.2 Evaluation of a set of Final Business Accounts........................................................................6 3.1 AnalysingandInterpretationofbusinessaccountsusingratioanalysisbetweentwo companies........................................................................................................................................8 CONCLUSION...................................................................................................................................11 REFERENCES...................................................................................................................................12
INTRODUCTION Business Finance is about the various case studies related to the preparation of final accounts of various companies. It also includes the summary of income statements and balance sheet by calculating the % change in the statements based on the past year's performance of the company. Also, it includes the evaluation of a set of final business accounts. It also includes the analysisandinterpretationofthebusinessaccountsusingtheratioanalysis.Itshowsthe performance of the various companies on the basis of their past performances of the company. Task 1 1.1 & 1.2 Presenting the set of transactions by preparing relevant T- accounts and Balance Sheet T- accounts Journal Entries of Adek Lisowski as on 01 January 20xx DateParticularsDebitCredit 2 Jan. 20xxBank a/c Dr.740 To J Jennings a/c (debtor)740 3 Jan. 20xxPurchases a/c Dr.1070 To G Frazer a/c(Creditors)1070 4 Jan. 20xxOffice Equipments a/c Dr.560 To Bank a/c560 5 Jan. 20xxA Hussain (Debtors) a/c Dr.930 To Sales a/c930 8 Jan. 20xxG Frazer (Creditors) a/c Dr.880 To Bank a/c880 11 Jan. 20xxSales Return a/c Dr.37 To A Hussain (debtor) a/c37 14 Jan. 20xxJ Jennings (Debtors) a/c Dr.590 To Sales a/c590 17 Jan. 20xxDrawings a/c Dr.500 To Bank a/c500 20 Jan. 20xxPurchases a/c Dr.760 To G Frazer (Creditors) a/c760 22 Jan. 20xxBank a/c Dr.1100 To A Hussain (debtors) a/c1100 26 Jan. 20xxA Hussain (debtors) a/c710 To Sales a/c710 28 Jan. 20xxG Frazer (Creditors) a/c98
To purchases return a/c98 31 Jan. 20xxWages a/c480 To Bank a/c480 Ledger Postings of Adek Lisowski as on 01 January 20xx Bank A/C DateParticulars Amount (Dr.)DateParticulars Amount (Cr.) 1 Jan 20xxTo Bal. B/d20404 Jan. 20xx ByOffice Equipments a/c560 2 Jan. 20xxTo J Jennings a/c (debtor)7408 Jan. 20xx By G Frazer (Creditors) a/c880 22 Jan. 20xxTo A Hussain (debtors) a/c110017 Jan. 20xx By Drawings a/c500 31 Jan. 20xx ByWages a/c480 31 Jan. 20xxBy Bal. C/d1460 38803880 Purchases a/c DateParticulars Amount (Dr.)DateParticulars Amount (Cr.) 3 Jan. 20xxTo G Frazer a/c(Creditors)107031 Jan. 20xxBy Bal. C/d1830 20 Jan. 20xxTo G Frazer (Creditors) a/c760 18301830 Sales A/C DateParticulars Amount (Dr.)DateParticulars Amount (Cr.) 31 Jan. 20xxTo Bal. C/d22305 Jan. 20xx BYA Hussain (Debtors) a/c930 14 Jan. 20xx BYJ Jennings (Debtors) a/c590 26 Jan. 20xx AHussain (debtors) a/c710 22302230 Purchases return a/c DateParticulars Amount (Dr.)DateParticulars Amount (Cr.) 31 Jan. 20xxTo Bal. C/d9828 Jan. 20xx By G Frazer (Creditors) a/c98
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