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Recording Business Transactions and Evaluating Performance of Anne's Business

   

Added on  2023-06-14

28 Pages1934 Words85 Views
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ASSESSMENT 2 PART
Recording Business Transactions and Evaluating Performance of Anne's Business_1

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
ASSESSMENT 2.............................................................................................................................1
PART A...........................................................................................................................................1
a) Recording the transactions in T account...............................................................................1
c) Formulating Trial balance as at 31st October 2021...........................................................17
d) Preparing income statement for the period ended 31st October 2021...............................18
e) Formulating financial position as at 31st October 2021.....................................................19
f) Writing letter to Linda for her query regarding holiday.....................................................20
PART B.........................................................................................................................................21
Calculating ratios for Anne’s business......................................................................................21
Evaluating the performance of company...................................................................................25
CONCLUSION..............................................................................................................................26
REFERENCES..............................................................................................................................27
Recording Business Transactions and Evaluating Performance of Anne's Business_2

INTRODUCTION
Recording business transaction is helpful in keeping information regarding the commercial
transaction conducted by the company. In the current era, requirement regarding keeping
business process flexible with coordinating with the prevailing data so that significant decision
can be made. The current report will highlight the information related with journal entries, ledge,
trail balance, financial position, income statement and writing letter. This will give emphasis on
analysing the performance of organization via calculating the ratios.
ASSESSMENT 2
PART A
a) Recording the transactions in T account
1
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2
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3
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4
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